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

Security State Bank - Overview

  • General
  • FDIC Certificate #: 235
    Status: Active
    Federal Reserve ID: 425845
    Bank Holding Company (Regulatory Top Holder): Old O'brien Banc Shares, Inc. (RSSDID: 1209172, Location: Sutherland, IA)
    Date Established: January 01, 1931
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 188
    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: January 01, 1934
    Last Structure Change Effective Date: April 24, 2006
    Last Structure Change Process Date: January 05, 2007
    Last Data Update: January 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 West 2nd Street, Sutherland, IA 51058
    County: O'brien
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $79.3 mil
    Equity capital: $6.7 mil
    Deposits held in domestic offices: $62.3 mil
    Return on assets (ROA): 2.57% ($2.0 mil)
    Quarterly return on assets: 2.83% ($2.2 mil)
    Return on Equity (ROE): 30.22% ($2.1 mil)
    Quarterly return on equity: 34.01% ($2.4 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.70% ($2,140.4 mil)
    Quarterly Pretax return on assets: 2.98% ($2,362.4 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
  • 14Total employees (full-time equivalent)
  • $79,275Total assets
  • $2,723Cash and due from depository institutions
  • $36Interest-bearing balances
  • $1,839Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $72,236Net loans & leases
  • $857Loan loss allowance
  • $0Trading account assets
  • $507Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $79,275Life insurance assets
  • $1,970All other assets
  • $72,539Total liabilities and capital
  • $62,345Total liabilities
  • $50,848Total deposits
  • $62,345Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1458.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,500Trading liabilities
  • $0Other borrowed funds
  • $236Subordinated debt
  • $6,736All other liabilities
  • $6,736Total equity capital
  • $6,736Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $900Surplus
  • $5,636Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52Income earned, not collected on loans
  • $0Earning assets
  • $1,230Long-term assets (5+ years)
  • $74,111Average Assets, year-to-date
  • $3,920Average Assets, quarterly
  • $77,258Volatile liabilities
  • $79,565Insider loans
  • $72,982FHLB advances
  • $79,213Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,736Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $1,652Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,130Total interest income
  • $721Total interest expense
  • $3,409Net interest income
  • $10Provision for loan and lease losses
  • $276Total noninterest income
  • $33Fiduciary activities
  • $198Service charges on deposit accounts
  • $0Trading account gains & fees
  • $45Additional noninterest income
  • $1,591Total noninterest expense
  • $1,042Salaries and employee benefits
  • $149Premises and equipment expense
  • $400Additional noninterest expense
  • $2,084Pre-tax net operating income
  • $0Securities gains (losses)
  • $101Applicable income taxes
  • $1,983Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,983Net income attributable to bank
  • $0Net charge-offs
  • $1,983Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $1,625Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 2.57%Net operating income to assets
  • 2.57%Return on assets (ROA)
  • 2.70%Pretax return on assets
  • 30.22%Return on equity (ROE)
  • 5.46%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 250.00%Credit loss provision to net charge-offs
  • 523.50%Efficiency ratio
  • 43,175Assets per employee
  • 5.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.95%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 1648.08%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 115.86%Net loans and leases to core deposits
  • 119.73%Equity capital to assets
  • 8.50%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 9.23%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $77,258Average earning assets
  • $6,561Average equity
  • $72,965Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,134Managed Assets
  • 1Number of Accounts
  • $5,134Personal trust and agency accounts
  • $5,066Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $68Non-managed Assets
  • 15Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0188Security State Bank109 West 2nd Street, Sutherland, IA 51058January 01, 1931Full Service Brick and Mortar
    1181385Calumet Branch120 West 2nd Street, Calumet, IA 51009January 03, 1984Full Service Brick and Mortar
    3457851Paullina Branch305 East Grand Avenue, Paullina, IA 51046April 24, 2006Full Service Brick and Mortar

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