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


  • Security State Bank in Radcliffe, Iowa (IA)
  • Show street view No street view available for this location
Security State Bank routing number info

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
    WWW: http://www.ssbonline.biz
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Security State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents