Security State Bank in Cheyenne, Oklahoma (OK)

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Security State Bank
GeneralFDIC Certificate #: 421
Status: Active
Federal Reserve ID: 58551
Bank Holding Company (Regulatory Top Holder): Cheyenne Banking Corporation (RSSDID: 2180205, Location: Cheyenne, OK)
Date Established: June 22, 1912
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 326
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: January 29, 2010
Last Structure Change Process Date: Febuary 22, 2010
Last Data Update: Febuary 22, 2010
Data Source Date: April 05, 2012
LocationAddress: 402 Broadway, Cheyenne, OK 73628
County: Roger Mills
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Oklahoma City
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesOffice Purchased
Financial SummaryTotal assets: $155.1 mil
Equity capital: $16.3 mil
Deposits held in domestic offices: $134.7 mil
Return on assets (ROA): 2.14% ($3.3 mil)
Quarterly return on assets: 1.45% ($2.2 mil)
Return on Equity (ROE): 20.27% ($3.2 mil)
Quarterly return on equity: 13.48% ($2.2 mil)
Net income: $3.1 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.14% ($3,320.1 mil)
Quarterly Pretax return on assets: 1.45% ($2,249.6 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)
Total employees (full-time equivalent)26
Total assets$155,143
Cash and due from depository institutions$2,136
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$69,521
Loan loss allowance $1,195
Trading account assets$0
Bank premises and fixed assets$462
Other real estate owned$0
Goodwill and other intangibles$347
All other assets$3,938
Life insurance assets$155,143
Total liabilities and capital$138,888
Total liabilities$134,734
Total deposits$114,037
Interest-bearing deposits$134,734
Deposits held in domestic offices$80
% insured (estimated)3311.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $843
All other liabilities $16,255
Total equity capital$16,255
Total bank equity capital$16,255
Perpetual preferred stock$0
Common stock$931
Undivided profits $12,924
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $559
Earning assets $0
Long-term assets (5+ years) $1,082
Average Assets, year-to-date $148,260
Average Assets, quarterly $81,580
Volatile liabilities $146,155
Insider loans $153,132
FHLB advances $85,142
Loans and leases held for sale $153,238
Unused loan commitments $2,282
Tier 1 (core) risk-based capital $2,282
Tier 2 risk-based capital $13,665
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $316
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,143
Total interest expense $811
Net interest income $5,332
Provision for loan and lease losses $180
Total noninterest income $810
Fiduciary activities $0
Service charges on deposit accounts $201
Trading account gains & fees $0
Additional noninterest income $609
Total noninterest expense $3,219
Salaries and employee benefits $1,898
Premises and equipment expense $275
Additional noninterest expense $1,046
Pre-tax net operating income $2,743
Securities gains (losses) $391
Applicable income taxes $0
Income before extraordinary items $3,134
Extraordinary gains - net $0
Net income attributable to bank $3,134
Net charge-offs $0
Cash dividends $3,134
Sale, conversion, retirement of capital stock, net $65
Net operating income $2,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.42%
Cost of funding earning assets 0.58%
Net interest margin 3.83%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.31%
Net operating income to assets 1.88%
Return on assets (ROA) 2.14%
Pretax return on assets 2.14%
Return on equity (ROE) 20.27%
Retained earnings to average equity (YTD only) 7.33%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 276.92%
Efficiency ratio44.97%
Assets per employee$52,410
Cash dividends to net income (YTD only)5.97%
Condition Ratios (%)
Loss allowance to loans 63.82%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 213.77%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.79%
Net loans and leases to core deposits 51.60%
Equity capital to assets 59.81%
Core capital (leverage) ratio 10.48%
Tier 1 risk-based capital ratio 8.92%
Total risk-based capital ratio 16.05%
Average assets$17
Average earning assets$146,155
Average equity $15,463
Average loans $139,101
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2 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0326Security State Bank402 Broadway, Cheyenne, OK 73628June 22, 1912Full Service Brick and Mortar
22679Hammon Branch301 North Eleventh Street, Hammon, OK 73650January 01, 1914Full Service Brick and Mortar
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