Security State Bank in Tyndall, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank - Overview

  • General
  • FDIC Certificate #: 485
    Status: Active
    Federal Reserve ID: 435255
    Bank Holding Company (Regulatory Top Holder): Midwest Bancshares, Inc. (RSSDID: 4347301, Location: Tyndall, SD)
    Date Established: November 01, 1932
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 352
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 1600 Main Street, Tyndall, SD 57066
    County: Bon Homme
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $34.4 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $30.6 mil
    Return on assets (ROA): 0.42% ($0.1 mil)
    Quarterly return on assets: -0.42% (-$0.1 mil)
    Return on Equity (ROE): 4.01% ($0.1 mil)
    Quarterly return on equity: -4.21% (-$0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.73% ($251.4 mil)
    Quarterly Pretax return on assets: 0.24% ($82.7 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
  • 10Total employees (full-time equivalent)
  • $34,440Total assets
  • $8,953Cash and due from depository institutions
  • $8,325Interest-bearing balances
  • $2,618Securities
  • $825Federal funds sold & reverse repurchase agreements
  • $21,166Net loans & leases
  • $707Loan loss allowance
  • $0Trading account assets
  • $426Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $34,440Life insurance assets
  • $452All other assets
  • $31,037Total liabilities and capital
  • $30,627Total liabilities
  • $21,122Total deposits
  • $30,627Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $410Subordinated debt
  • $3,403All other liabilities
  • $3,403Total equity capital
  • $3,403Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,800Surplus
  • $403Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $145Income earned, not collected on loans
  • $0Earning assets
  • $391Long-term assets (5+ years)
  • $32,934Average Assets, year-to-date
  • $2,006Average Assets, quarterly
  • $33,242Volatile liabilities
  • $34,422Insider loans
  • $23,134FHLB advances
  • $35,036Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,137Restructured Loans and leases
  • $114Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,458Total interest income
  • $114Total interest expense
  • $1,344Net interest income
  • $0Provision for loan and lease losses
  • $156Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $1,258Total noninterest expense
  • $829Salaries and employee benefits
  • $124Premises and equipment expense
  • $305Additional noninterest expense
  • $242Pre-tax net operating income
  • $0Securities gains (losses)
  • $104Applicable income taxes
  • $138Income before extraordinary items
  • $0Extraordinary gains - net
  • $138Net income attributable to bank
  • $0Net charge-offs
  • $138Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.36%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 4.01%Return on equity (ROE)
  • -1.80%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 3.23%Efficiency ratio
  • 83,867Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 144.93%Loss allowance to loans
  • 3.23%Loss allowance to noncurrent loans
  • 487.59%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 69.11%Net loans and leases to core deposits
  • 69.11%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 9.71%Tier 1 risk-based capital ratio
  • 14.71%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $33,242Average earning assets
  • $3,440Average equity
  • $31,613Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0352Security State Bank1600 Main Street, Tyndall, SD 57066November 01, 1932Full Service Brick and Mortar

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