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

This bank is inactive as of April 24, 2006

  • Security State Bank in Sheldon, Iowa (IA)
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Security State Bank - Overview

  • General
  • FDIC Certificate #: 8102
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northwestern Bank (#13411)
    Federal Reserve ID: 535847
    Date Established: January 06, 1928
    WWW: http://www.ssbsheldoniowa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 13761
    FDIC's unique #: 5154
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 24, 2006
    Last Structure Change Process Date: May 12, 2006
    Last Data Update: May 12, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 934 Third Avenue, Sheldon, IA 51201
    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
  • Financial Summary
  • Total assets: $57.3 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, 2005)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $60,919Total assets
  • $2,608Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,867Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,472Net loans & leases
  • $865Loan loss allowance
  • $0Trading account assets
  • $1,548Bank premises and fixed assets
  • $7Other real estate owned
  • $1,419Goodwill and other intangibles
  • $0Life insurance assets
  • $2,998All other assets
  • $60,919Total liabilities and capital
  • $54,769Total liabilities
  • $41,469Total deposits
  • $33,738Interest-bearing deposits
  • $41,469Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,475Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $825All other liabilities
  • $6,150Total equity capital
  • $6,150Total bank equity capital
  • $6,150Perpetual preferred stock
  • $0Common stock
  • $255Surplus
  • $9,672Undivided profits
  • Memoranda
  • $-3,777Noncurrent loans and leases
  • $7,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $99Earning assets
  • $0Long-term assets (5+ years)
  • $626Average Assets, year-to-date
  • $52,339Average Assets, quarterly
  • $8,870Volatile liabilities
  • $59,051Insider loans
  • $58,605FHLB advances
  • $9,911Loans and leases held for sale
  • $2,433Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,258Total unused commitments
  • $0Restructured Loans and leases
  • $621Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $2,963Total interest income
  • $1,118Total interest expense
  • $1,845Net interest income
  • $0Provision for loan and lease losses
  • $460Total noninterest income
  • $0Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $307Additional noninterest income
  • $1,517Total noninterest expense
  • $651Salaries and employee benefits
  • $184Premises and equipment expense
  • $682Additional noninterest expense
  • $788Pre-tax net operating income
  • $0Securities gains (losses)
  • $248Applicable income taxes
  • $540Income before extraordinary items
  • $0Extraordinary gains - net
  • $540Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.83%Yield on earning assets
  • 2.20%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 7.18%Return on equity (ROE)
  • -19.42%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.79%Efficiency ratio
  • 60,781Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 370.37%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 873.74%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 114.48%Net loans and leases to core deposits
  • 124.82%Equity capital to assets
  • 10.10%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 9.70%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $59,051Average earning assets
  • $7,519Average equity
  • $50,786Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,187Managed Assets
  • 1Number of Accounts
  • $1,187Personal trust and agency accounts
  • $287Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $706Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $194Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 6Number 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

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