Security State Bank, Wishek, North Dakota in Wishek, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security State Bank, Wishek, North Dakota in Wishek, North Dakota (ND)
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Security State Bank, Wishek, North Dakota - Overview

  • General
  • FDIC Certificate #: 8642
    Status: Active
    Federal Reserve ID: 251857
    Bank Holding Company (Regulatory Top Holder): Wishek Bancorporation, Inc. (RSSDID: 1125517, Location: Wishek, ND)
    Date Established: July 25, 1909
    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 #: 11595
    FDIC's unique #: 5512
    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: 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: 102 North 6th Street, Wishek, ND 58495
    County: Mcintosh
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $69.0 mil
    Equity capital: $6.9 mil
    Deposits held in domestic offices: $59.4 mil
    Return on assets (ROA): 0.85% ($0.6 mil)
    Quarterly return on assets: 0.98% ($0.7 mil)
    Return on Equity (ROE): 7.90% ($0.6 mil)
    Quarterly return on equity: 9.38% ($0.7 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.91% ($627.7 mil)
    Quarterly Pretax return on assets: 1.06% ($731.2 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
  • 15Total employees (full-time equivalent)
  • $68,982Total assets
  • $5,817Cash and due from depository institutions
  • $3,937Interest-bearing balances
  • $28,344Securities
  • $7,520Federal funds sold & reverse repurchase agreements
  • $25,685Net loans & leases
  • $877Loan loss allowance
  • $0Trading account assets
  • $220Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $68,982Life insurance assets
  • $1,396All other assets
  • $62,063Total liabilities and capital
  • $59,358Total liabilities
  • $40,001Total deposits
  • $59,358Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 2435.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $270Subordinated debt
  • $6,919All other liabilities
  • $6,919Total equity capital
  • $6,919Total bank equity capital
  • $0Perpetual preferred stock
  • $175Common stock
  • $2,225Surplus
  • $4,519Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $184Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $65,486Average Assets, year-to-date
  • $6,073Average Assets, quarterly
  • $61,864Volatile liabilities
  • $65,575Insider loans
  • $34,304FHLB advances
  • $65,431Loans and leases held for sale
  • $707Unused loan commitments
  • $707Tier 1 (core) risk-based capital
  • $6,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,916Restructured Loans and leases
  • $8Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,173Total interest income
  • $377Total interest expense
  • $1,796Net interest income
  • $42Provision for loan and lease losses
  • $139Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $1,325Total noninterest expense
  • $745Salaries and employee benefits
  • $127Premises and equipment expense
  • $453Additional noninterest expense
  • $568Pre-tax net operating income
  • -$6Securities gains (losses)
  • $38Applicable income taxes
  • $524Income before extraordinary items
  • $0Extraordinary gains - net
  • $524Net income attributable to bank
  • $0Net charge-offs
  • $524Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $770Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.73%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 7.90%Return on equity (ROE)
  • -3.71%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 63.64%Credit loss provision to net charge-offs
  • 9.24%Efficiency ratio
  • 68,475Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 146.95%Loss allowance to loans
  • 3.30%Loss allowance to noncurrent loans
  • 476.63%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 43.27%Net loans and leases to core deposits
  • 44.09%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 18.72%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $61,864Average earning assets
  • $6,633Average equity
  • $58,217Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05512Security State Bank, Wishek, North Dakota102 North 6th Street, Wishek, ND 58495July 25, 1909Full Service Brick and Mortar
    113463Lehr Branch121 South Main Street, Lehr, ND 58460January 03, 1967Full Service Brick and Mortar
    3218794Linton Branch203 N Brdway Po Box 460, Linton, ND 58552June 30, 1997Full Service Brick and Mortar

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