Security State Bank of Kenyon in Kenyon, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank of Kenyon - Overview

  • General
  • FDIC Certificate #: 15597
    Status: Active
    Federal Reserve ID: 984454
    Bank Holding Company (Regulatory Top Holder): Ellingson Corporation (RSSDID: 1121881, Location: Kenyon, MN)
    Date Established: July 23, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11201
    FDIC's unique #: 9883
    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: April 21, 1938
    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: 602 Second Street, Kenyon, MN 55946
    County: Goodhue
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $53.2 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $44.4 mil
    Return on assets (ROA): 0.49% ($0.3 mil)
    Quarterly return on assets: 0.79% ($0.4 mil)
    Return on Equity (ROE): 5.70% ($0.3 mil)
    Quarterly return on equity: 9.00% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.49% ($260.7 mil)
    Quarterly Pretax return on assets: 0.79% ($420.4 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
  • 16Total employees (full-time equivalent)
  • $53,214Total assets
  • $4,984Cash and due from depository institutions
  • $1,019Interest-bearing balances
  • $5,893Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,104Net loans & leases
  • $1,402Loan loss allowance
  • $0Trading account assets
  • $1,086Bank premises and fixed assets
  • $184Other real estate owned
  • $0Goodwill and other intangibles
  • $53,214Life insurance assets
  • $2,963All other assets
  • $48,454Total liabilities and capital
  • $44,388Total liabilities
  • $35,515Total deposits
  • $44,388Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,575Trading liabilities
  • $0Other borrowed funds
  • $491Subordinated debt
  • $4,760All other liabilities
  • $4,760Total equity capital
  • $4,760Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $5,150Surplus
  • $-490Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,821Income earned, not collected on loans
  • $0Earning assets
  • $619Long-term assets (5+ years)
  • $45,016Average Assets, year-to-date
  • $2,759Average Assets, quarterly
  • $53,045Volatile liabilities
  • $53,407Insider loans
  • $41,242FHLB advances
  • $54,145Loans and leases held for sale
  • $2,021Unused loan commitments
  • $2,021Tier 1 (core) risk-based capital
  • $4,741Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,697Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,533Total interest income
  • $522Total interest expense
  • $2,011Net interest income
  • $0Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $1,931Total noninterest expense
  • $1,149Salaries and employee benefits
  • $210Premises and equipment expense
  • $572Additional noninterest expense
  • $262Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $261Income before extraordinary items
  • $0Extraordinary gains - net
  • $261Net income attributable to bank
  • $0Net charge-offs
  • $261Cash dividends
  • -$42Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 4.49%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 5.70%Return on equity (ROE)
  • 5.70%Retained earnings to average equity (YTD only)
  • -0.11%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,053Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.55%Loss allowance to noncurrent loans
  • 76.99%Noncurrent assets plus other real estate owned to assets
  • 3.77%Noncurrent loans to loans
  • 4.61%Net loans and leases to deposits
  • 85.84%Net loans and leases to core deposits
  • 86.88%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.76%Tier 1 risk-based capital ratio
  • 11.50%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $53,045Average earning assets
  • $4,580Average equity
  • $43,047Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09883Security State Bank Of Kenyon602 Second Street, Kenyon, MN 55946July 23, 1934Full Service Brick and Mortar

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