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
    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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Security State Bank of Mankato.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents