Security State Bank in city_name, state_name - Detailed Financial Reports, Location

Security State Bank in Iron River, Wisconsin (WI)
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Security State Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	5776	Security State Bank	U S Hwy #2 7865, Iron River, WI 54847	June 06, 1911	Full Service Brick and Mortar
1	219321	Port Wing Branch	83325 Washington Ave, Port Wing, WI 54865	March 22, 1934	Full Service Brick and Mortar
2	219322	Brule Branch	13967 E U.S. Highway 2, Brule, WI 54820	December 18, 1972	Full Service Brick and Mortar

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

Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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