Security State Bank of Marine in Marine On St. Croix, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security State Bank of Marine in Marine On St. Croix, Minnesota (MN)
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Security State Bank of Marine - Overview

  • General
  • FDIC Certificate #: 10163
    Status: Active
    Federal Reserve ID: 990053
    Bank Holding Company (Regulatory Top Holder): Marine Bancshares, Inc. (RSSDID: 2734028, Location: Marine On Saint Croix, MN)
    Date Established: May 12, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 12355
    FDIC's unique #: 6504
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 120 Judd Street, Marine On St. Croix, MN 55047
    County: Washington
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $110.3 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $98.8 mil
    Return on assets (ROA): 0.62% ($0.7 mil)
    Quarterly return on assets: 0.62% ($0.7 mil)
    Return on Equity (ROE): 5.92% ($0.7 mil)
    Quarterly return on equity: 6.02% ($0.7 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.93% ($1,025.5 mil)
    Quarterly Pretax return on assets: 0.71% ($782.9 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
  • 21Total employees (full-time equivalent)
  • $110,273Total assets
  • $24,525Cash and due from depository institutions
  • $22,671Interest-bearing balances
  • $8,795Securities
  • $3,022Federal funds sold & reverse repurchase agreements
  • $71,105Net loans & leases
  • $1,204Loan loss allowance
  • $0Trading account assets
  • $1,159Bank premises and fixed assets
  • $710Other real estate owned
  • $0Goodwill and other intangibles
  • $110,273Life insurance assets
  • $957All other assets
  • $98,971Total liabilities and capital
  • $98,791Total liabilities
  • $82,418Total deposits
  • $98,791Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $180Subordinated debt
  • $11,302All other liabilities
  • $11,302Total equity capital
  • $11,302Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $6,850Surplus
  • $4,302Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $593Income earned, not collected on loans
  • $0Earning assets
  • $347Long-term assets (5+ years)
  • $105,593Average Assets, year-to-date
  • $15,864Average Assets, quarterly
  • $106,249Volatile liabilities
  • $108,201Insider loans
  • $64,118FHLB advances
  • $108,593Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,277Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,307Restructured Loans and leases
  • $350Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,935Total interest income
  • $994Total interest expense
  • $3,941Net interest income
  • $520Provision for loan and lease losses
  • $674Total noninterest income
  • $0Fiduciary activities
  • $219Service charges on deposit accounts
  • $0Trading account gains & fees
  • $455Additional noninterest income
  • $3,109Total noninterest expense
  • $1,955Salaries and employee benefits
  • $434Premises and equipment expense
  • $720Additional noninterest expense
  • $986Pre-tax net operating income
  • $0Securities gains (losses)
  • $330Applicable income taxes
  • $656Income before extraordinary items
  • $0Extraordinary gains - net
  • $656Net income attributable to bank
  • $0Net charge-offs
  • $656Cash dividends
  • $541Sale, conversion, retirement of capital stock, net
  • $660Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.92%Return on equity (ROE)
  • -0.04%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 96.12%Credit loss provision to net charge-offs
  • 2.78%Efficiency ratio
  • 67,367Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.61%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 203.04%Noncurrent assets plus other real estate owned to assets
  • 1.18%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 71.98%Net loans and leases to core deposits
  • 76.95%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 10.38%Tier 1 risk-based capital ratio
  • 17.59%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $106,249Average earning assets
  • $11,089Average equity
  • $101,581Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06504Security State Bank Of Marine120 Judd Street, Marine On St. Croix, MN 55047May 12, 1919Full Service Brick and Mortar
    1221977Scandia Branch21190 Ozark Avenue North, Scandia, MN 55073August 17, 1992Full Service Brick and Mortar
    2360038Chisaago Lakes Branch30626 Lincoln Road, Lindstrom, MN 55045November 20, 2000Full Service Brick and Mortar
    3465502Forest Lake Branch21450 Forest Blvd, Forest Lake, MN 55025April 30, 2007Full Service Brick and Mortar

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