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

This bank is inactive as of October 01, 2005

  • Security State Bank of Mankato in Mankato, Minnesota (MN)
  • Show street view No street view available for this location

Security State Bank of Mankato - Overview

  • General
  • FDIC Certificate #: 13182
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank Minnesota (#5247)
    Federal Reserve ID: 849254
    Date Established: March 15, 1913
    WWW: http://www.ssbnet.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 9485
    FDIC's unique #: 8342
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 2005
    Last Structure Change Process Date: October 11, 2005
    Last Data Update: October 11, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Long Street, Mankato, MN 56002
    County: Blue Earth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • Financial Summary
  • Total assets: $102.0 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, 2004)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $99,229Total assets
  • $2,572Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,140Securities
  • $3,600Federal funds sold & reverse repurchase agreements
  • $58,506Net loans & leases
  • $714Loan loss allowance
  • $0Trading account assets
  • $1,252Bank premises and fixed assets
  • $691Other real estate owned
  • $200Goodwill and other intangibles
  • $0Life insurance assets
  • $4,268All other assets
  • $99,229Total liabilities and capital
  • $91,554Total liabilities
  • $79,128Total deposits
  • $70,189Interest-bearing deposits
  • $79,128Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,029Other borrowed funds
  • $0Subordinated debt
  • $397All other liabilities
  • $7,675Total equity capital
  • $7,675Total bank equity capital
  • $7,675Perpetual preferred stock
  • $0Common stock
  • $799Surplus
  • $7,401Undivided profits
  • Memoranda
  • $-525Noncurrent loans and leases
  • $15,582Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $356Earning assets
  • $0Long-term assets (5+ years)
  • $616Average Assets, year-to-date
  • $90,246Average Assets, quarterly
  • $12,148Volatile liabilities
  • $99,705Insider loans
  • $98,563FHLB advances
  • $11,529Loans and leases held for sale
  • $2,882Unused loan commitments
  • $12,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,582Total unused commitments
  • $0Restructured Loans and leases
  • $714Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $4,850Total interest income
  • $1,772Total interest expense
  • $3,078Net interest income
  • $1,194Provision for loan and lease losses
  • $819Total noninterest income
  • $0Fiduciary activities
  • $343Service charges on deposit accounts
  • $0Trading account gains & fees
  • $476Additional noninterest income
  • $2,545Total noninterest expense
  • $1,152Salaries and employee benefits
  • $288Premises and equipment expense
  • $1,105Additional noninterest expense
  • $158Pre-tax net operating income
  • $47Securities gains (losses)
  • -$12Applicable income taxes
  • $217Income before extraordinary items
  • $0Extraordinary gains - net
  • $217Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,593Sale, conversion, retirement of capital stock, net
  • $652Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.95%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 2.69%Return on equity (ROE)
  • -5.39%Retained earnings to average equity (YTD only)
  • 2.45%Net charge-offs to loans
  • 74.95%Credit loss provision to net charge-offs
  • 0.85%Efficiency ratio
  • 65,307Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 300.46%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 200.56%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 73.94%Net loans and leases to core deposits
  • 86.51%Equity capital to assets
  • 7.73%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 9.96%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $99,705Average earning assets
  • $8,066Average equity
  • $90,745Average loans

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