Security State Bank in Iron River, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security State Bank - Overview

  • General
  • FDIC Certificate #: 9036
    Status: Active
    Federal Reserve ID: 43052
    Bank Holding Company (Regulatory Top Holder): Security Bank Shares, Inc. (RSSDID: 1128497, Location: Iron River, WI)
    Date Established: June 06, 1911
    WWW: http://www.sbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12930
    FDIC's unique #: 5776
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending 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: U S Hwy #2 7865, Iron River, WI 54847
    County: Bayfield
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $83.6 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $63.6 mil
    Return on assets (ROA): 0.97% ($0.8 mil)
    Quarterly return on assets: 1.34% ($1.1 mil)
    Return on Equity (ROE): 7.28% ($0.9 mil)
    Quarterly return on equity: 9.60% ($1.2 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.58% ($1,320.4 mil)
    Quarterly Pretax return on assets: 2.00% ($1,671.4 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
  • 18Total employees (full-time equivalent)
  • $83,568Total assets
  • $3,608Cash and due from depository institutions
  • $2,466Interest-bearing balances
  • $13,764Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,011Net loans & leases
  • $2,363Loan loss allowance
  • $0Trading account assets
  • $864Bank premises and fixed assets
  • $1,925Other real estate owned
  • $0Goodwill and other intangibles
  • $83,568Life insurance assets
  • $5,396All other assets
  • $71,296Total liabilities and capital
  • $63,648Total liabilities
  • $55,119Total deposits
  • $63,648Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,214Trading liabilities
  • $0Other borrowed funds
  • $434Subordinated debt
  • $12,272All other liabilities
  • $12,272Total equity capital
  • $12,272Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,010Surplus
  • $10,212Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,360Income earned, not collected on loans
  • $738Earning assets
  • $597Long-term assets (5+ years)
  • $74,241Average Assets, year-to-date
  • $11,286Average Assets, quarterly
  • $89,177Volatile liabilities
  • $86,891Insider loans
  • $70,174FHLB advances
  • $86,238Loans and leases held for sale
  • $2,912Unused loan commitments
  • $2,912Tier 1 (core) risk-based capital
  • $12,131Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,219Restructured Loans and leases
  • $2,710Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,475Total interest income
  • $886Total interest expense
  • $3,589Net interest income
  • $0Provision for loan and lease losses
  • $787Total noninterest income
  • $0Fiduciary activities
  • $210Service charges on deposit accounts
  • $0Trading account gains & fees
  • $577Additional noninterest income
  • $2,968Total noninterest expense
  • $1,509Salaries and employee benefits
  • $190Premises and equipment expense
  • $1,269Additional noninterest expense
  • $1,408Pre-tax net operating income
  • $0Securities gains (losses)
  • $547Applicable income taxes
  • $861Income before extraordinary items
  • $0Extraordinary gains - net
  • $861Net income attributable to bank
  • $0Net charge-offs
  • $861Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 7.28%Return on equity (ROE)
  • 7.28%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 21.66%Efficiency ratio
  • 67,824Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.91%Loss allowance to noncurrent loans
  • 32.11%Noncurrent assets plus other real estate owned to assets
  • 11.11%Noncurrent loans to loans
  • 12.19%Net loans and leases to deposits
  • 91.14%Net loans and leases to core deposits
  • 106.16%Equity capital to assets
  • 14.69%Core capital (leverage) ratio
  • 14.07%Tier 1 risk-based capital ratio
  • 17.29%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $89,177Average earning assets
  • $11,829Average equity
  • $80,270Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05776Security State BankU S Hwy #2 7865, Iron River, WI 54847June 06, 1911Full Service Brick and Mortar
    1219321Port Wing Branch83325 Washington Ave, Port Wing, WI 54865March 22, 1934Full Service Brick and Mortar
    2219322Brule Branch13967 E U.S. Highway 2, Brule, WI 54820December 18, 1972Full Service Brick and Mortar

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