Security State Bank in Cheyenne, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security State Bank - Overview

  • General
  • FDIC 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
    WWW: http://www.ssbcheyenne.com
    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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 26Total employees (full-time equivalent)
  • $155,143Total assets
  • $2,136Cash and due from depository institutions
  • $0Interest-bearing balances
  • $78,739Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,521Net loans & leases
  • $1,195Loan loss allowance
  • $0Trading account assets
  • $462Bank premises and fixed assets
  • $0Other real estate owned
  • $347Goodwill and other intangibles
  • $155,143Life insurance assets
  • $3,938All other assets
  • $138,888Total liabilities and capital
  • $134,734Total liabilities
  • $114,037Total deposits
  • $134,734Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 3311.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $843Subordinated debt
  • $16,255All other liabilities
  • $16,255Total equity capital
  • $16,255Total bank equity capital
  • $0Perpetual preferred stock
  • $931Common stock
  • $2,400Surplus
  • $12,924Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $559Income earned, not collected on loans
  • $0Earning assets
  • $1,082Long-term assets (5+ years)
  • $148,260Average Assets, year-to-date
  • $81,580Average Assets, quarterly
  • $146,155Volatile liabilities
  • $153,132Insider loans
  • $85,142FHLB advances
  • $153,238Loans and leases held for sale
  • $2,282Unused loan commitments
  • $2,282Tier 1 (core) risk-based capital
  • $13,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $316Restructured Loans and leases
  • $143Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,143Total interest income
  • $811Total interest expense
  • $5,332Net interest income
  • $180Provision for loan and lease losses
  • $810Total noninterest income
  • $0Fiduciary activities
  • $201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $609Additional noninterest income
  • $3,219Total noninterest expense
  • $1,898Salaries and employee benefits
  • $275Premises and equipment expense
  • $1,046Additional noninterest expense
  • $2,743Pre-tax net operating income
  • $391Securities gains (losses)
  • $0Applicable income taxes
  • $3,134Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,134Net income attributable to bank
  • $0Net charge-offs
  • $3,134Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 1.88%Net operating income to assets
  • 2.14%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 20.27%Return on equity (ROE)
  • 7.33%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 276.92%Credit loss provision to net charge-offs
  • 44.97%Efficiency ratio
  • 52,410Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.82%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 213.77%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 51.60%Net loans and leases to core deposits
  • 59.81%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 16.05%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $146,155Average earning assets
  • $15,463Average equity
  • $139,101Average loans

List of branches

  • 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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