Security State Bank in Hubbard, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank - Overview

  • General
  • FDIC Certificate #: 17142
    Status: Active
    Federal Reserve ID: 734949
    Bank Holding Company (Regulatory Top Holder): D.W. Heineking, Inc. (RSSDID: 1200535, Location: Hubbard, IA)
    Date Established: October 14, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 16143
    FDIC's unique #: 11182
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: September 15, 1952
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 East Maple Street, Hubbard, IA 50122
    County: Hardin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $53.6 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $48.8 mil
    Return on assets (ROA): -0.55% (-$0.3 mil)
    Quarterly return on assets: -4.43% (-$2.4 mil)
    Return on Equity (ROE): -5.83% (-$0.3 mil)
    Quarterly return on equity: -45.80% (-$2.3 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -0.58% (-$310.9 mil)
    Quarterly Pretax return on assets: -4.65% (-$2,492.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $53,608Total assets
  • $4,473Cash and due from depository institutions
  • $3,138Interest-bearing balances
  • $2,829Securities
  • $5,465Federal funds sold & reverse repurchase agreements
  • $38,401Net loans & leases
  • $900Loan loss allowance
  • $0Trading account assets
  • $132Bank premises and fixed assets
  • $1,528Other real estate owned
  • $0Goodwill and other intangibles
  • $53,608Life insurance assets
  • $780All other assets
  • $48,826Total liabilities and capital
  • $48,771Total liabilities
  • $39,582Total deposits
  • $48,771Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $55Subordinated debt
  • $4,782All other liabilities
  • $4,782Total equity capital
  • $4,782Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,050Surplus
  • $1,632Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,558Income earned, not collected on loans
  • $0Earning assets
  • $498Long-term assets (5+ years)
  • $49,833Average Assets, year-to-date
  • $9,090Average Assets, quarterly
  • $54,232Volatile liabilities
  • $52,434Insider loans
  • $38,308FHLB advances
  • $54,491Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,775Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $510Restructured Loans and leases
  • $376Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,465Total interest income
  • $472Total interest expense
  • $1,993Net interest income
  • $769Provision for loan and lease losses
  • $113Total noninterest income
  • $0Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$40Additional noninterest income
  • $1,649Total noninterest expense
  • $705Salaries and employee benefits
  • $119Premises and equipment expense
  • $825Additional noninterest expense
  • -$312Pre-tax net operating income
  • $0Securities gains (losses)
  • -$13Applicable income taxes
  • -$299Income before extraordinary items
  • $0Extraordinary gains - net
  • -$299Net income attributable to bank
  • $0Net charge-offs
  • -$299Cash dividends
  • $359Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • -0.55%Net operating income to assets
  • -0.55%Return on assets (ROA)
  • -0.58%Pretax return on assets
  • -5.83%Return on equity (ROE)
  • -5.83%Retained earnings to average equity (YTD only)
  • 0.87%Net charge-offs to loans
  • 214.21%Credit loss provision to net charge-offs
  • 1.27%Efficiency ratio
  • 78,300Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 57.77%Noncurrent assets plus other real estate owned to assets
  • 5.76%Noncurrent loans to loans
  • 3.96%Net loans and leases to deposits
  • 78.74%Net loans and leases to core deposits
  • 78.74%Equity capital to assets
  • 8.92%Core capital (leverage) ratio
  • 8.76%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $54,232Average earning assets
  • $5,127Average equity
  • $50,461Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011182Security State Bank211 East Maple Street, Hubbard, IA 50122October 14, 1935Full Service Brick and Mortar
    110154Zearing Branch103 East Main, Zearing, IA 50278January 01, 1943Full Service Brick and Mortar
    2235929Garden City BranchMain Street, Garden City, IA 50102October 15, 1945Full Service Brick and Mortar

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