Security State Bank, Wishek, North Dakota in Wishek, North Dakota (ND)

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Security State Bank, Wishek, North Dakota routing number info

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Security State Bank, Wishek, North Dakota
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)15
Total assets$68,982
Cash and due from depository institutions$5,817
Interest-bearing balances$3,937
Federal funds sold & reverse repurchase agreements$7,520
Net loans & leases$25,685
Loan loss allowance $877
Trading account assets$0
Bank premises and fixed assets$220
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,396
Life insurance assets$68,982
Total liabilities and capital$62,063
Total liabilities$59,358
Total deposits$40,001
Interest-bearing deposits$59,358
Deposits held in domestic offices$89
% insured (estimated)2435.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $270
All other liabilities $6,919
Total equity capital$6,919
Total bank equity capital$6,919
Perpetual preferred stock$0
Common stock$175
Undivided profits $4,519
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $184
Earning assets $0
Long-term assets (5+ years) $440
Average Assets, year-to-date $65,486
Average Assets, quarterly $6,073
Volatile liabilities $61,864
Insider loans $65,575
FHLB advances $34,304
Loans and leases held for sale $65,431
Unused loan commitments $707
Tier 1 (core) risk-based capital $707
Tier 2 risk-based capital $6,420
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,916
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,173
Total interest expense $377
Net interest income $1,796
Provision for loan and lease losses $42
Total noninterest income $139
Fiduciary activities $0
Service charges on deposit accounts $96
Trading account gains & fees $0
Additional noninterest income $43
Total noninterest expense $1,325
Salaries and employee benefits $745
Premises and equipment expense $127
Additional noninterest expense $453
Pre-tax net operating income $568
Securities gains (losses) -$6
Applicable income taxes $38
Income before extraordinary items $524
Extraordinary gains - net $0
Net income attributable to bank $524
Net charge-offs $0
Cash dividends $524
Sale, conversion, retirement of capital stock, net $66
Net operating income $770
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.73%
Cost of funding earning assets 0.65%
Net interest margin 3.09%
Noninterest income to earning assets 0.24%
Noninterest expense to earning assets 2.28%
Net operating income to assets 0.86%
Return on assets (ROA) 0.85%
Pretax return on assets 0.91%
Return on equity (ROE) 7.90%
Retained earnings to average equity (YTD only) -3.71%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 63.64%
Efficiency ratio9.24%
Assets per employee$68,475
Cash dividends to net income (YTD only)4.60%
Condition Ratios (%)
Loss allowance to loans 146.95%
Loss allowance to noncurrent loans 3.30%
Noncurrent assets plus other real estate owned to assets 476.63%
Noncurrent loans to loans 0.27%
Net loans and leases to deposits0.69%
Net loans and leases to core deposits 43.27%
Equity capital to assets 44.09%
Core capital (leverage) ratio 10.03%
Tier 1 risk-based capital ratio 9.81%
Total risk-based capital ratio 18.72%
Average assets$20
Average earning assets$61,864
Average equity $6,633
Average loans $58,217
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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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