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

Security State Bank - Overview

  • General
  • FDIC Certificate #: 18448
    Status: Active
    Federal Reserve ID: 527749
    Bank Holding Company (Regulatory Top Holder): Drake Holding Company (RSSDID: 1208410, Location: Radcliffe, IA)
    Date Established: October 14, 1914
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 12348
    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: October 26, 1961
    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: 207 Isabella Street, Radcliffe, IA 50230
    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: $49.0 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $44.0 mil
    Return on assets (ROA): 0.69% ($0.3 mil)
    Quarterly return on assets: 0.62% ($0.3 mil)
    Return on Equity (ROE): 8.68% ($0.4 mil)
    Quarterly return on equity: 6.29% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.73% ($357.7 mil)
    Quarterly Pretax return on assets: 0.66% ($323.4 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
  • 8Total employees (full-time equivalent)
  • $49,003Total assets
  • $3,851Cash and due from depository institutions
  • $250Interest-bearing balances
  • $15,602Securities
  • $6,647Federal funds sold & reverse repurchase agreements
  • $21,691Net loans & leases
  • $211Loan loss allowance
  • $0Trading account assets
  • $693Bank premises and fixed assets
  • $47Other real estate owned
  • $0Goodwill and other intangibles
  • $49,003Life insurance assets
  • $472All other assets
  • $44,233Total liabilities and capital
  • $44,037Total liabilities
  • $34,224Total deposits
  • $44,037Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 146.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $50Subordinated debt
  • $4,770All other liabilities
  • $4,770Total equity capital
  • $4,770Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,100Surplus
  • $2,570Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $399Income earned, not collected on loans
  • $0Earning assets
  • $386Long-term assets (5+ years)
  • $44,190Average Assets, year-to-date
  • $15,351Average Assets, quarterly
  • $50,397Volatile liabilities
  • $48,210Insider loans
  • $31,165FHLB advances
  • $47,881Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,757Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,717Total interest income
  • $471Total interest expense
  • $1,246Net interest income
  • $50Provision for loan and lease losses
  • $133Total noninterest income
  • $0Fiduciary activities
  • $112Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21Additional noninterest income
  • $963Total noninterest expense
  • $432Salaries and employee benefits
  • $136Premises and equipment expense
  • $395Additional noninterest expense
  • $366Pre-tax net operating income
  • $0Securities gains (losses)
  • $17Applicable income taxes
  • $349Income before extraordinary items
  • $0Extraordinary gains - net
  • $349Net income attributable to bank
  • $0Net charge-offs
  • $349Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.70%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 2.69%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 8.68%Return on equity (ROE)
  • 8.68%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 142.86%Credit loss provision to net charge-offs
  • 11.89%Efficiency ratio
  • 69,833Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 52.88%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 49.26%Net loans and leases to core deposits
  • 50.17%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 15.26%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $50,397Average earning assets
  • $4,023Average equity
  • $46,401Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012348Security State Bank207 Isabella Street, Radcliffe, IA 50230October 14, 1914Full Service Brick and Mortar
    1432829Security State Bank - Story City Bra339 Factory Outlet Drive, Story City, IA 50248October 29, 2004Full Service Brick and Mortar

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