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


Security State Bank of Oklee - Overview

  • General
  • FDIC Certificate #: 10982
    Status: Active
    Federal Reserve ID: 814355
    Date Established: January 01, 1934
    WWW: http://www.ssboklee.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 7035
    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: December 06, 2010
    Last Structure Change Process Date: December 06, 2010
    Last Data Update: December 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Main Street, Oklee, MN 56742
    County: Red Lake
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $30.4 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $25.5 mil
    Return on assets (ROA): 0.57% ($0.2 mil)
    Quarterly return on assets: 0.62% ($0.2 mil)
    Return on Equity (ROE): 3.55% ($0.2 mil)
    Quarterly return on equity: 3.81% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.57% ($173.4 mil)
    Quarterly Pretax return on assets: 0.62% ($188.6 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
  • 5Total employees (full-time equivalent)
  • $30,424Total assets
  • $13,615Cash and due from depository institutions
  • $9,176Interest-bearing balances
  • $4,978Securities
  • $4,670Federal funds sold & reverse repurchase agreements
  • $7,034Net loans & leases
  • $345Loan loss allowance
  • $0Trading account assets
  • $14Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $30,424Life insurance assets
  • $113All other assets
  • $25,570Total liabilities and capital
  • $25,495Total liabilities
  • $21,025Total deposits
  • $25,495Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16Trading liabilities
  • $0Other borrowed funds
  • $59Subordinated debt
  • $4,854All other liabilities
  • $4,854Total equity capital
  • $4,854Total bank equity capital
  • $0Perpetual preferred stock
  • $61Common stock
  • $1,039Surplus
  • $3,754Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $74Long-term assets (5+ years)
  • $25,858Average Assets, year-to-date
  • $737Average Assets, quarterly
  • $30,204Volatile liabilities
  • $29,640Insider loans
  • $9,545FHLB advances
  • $29,417Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,829Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,185Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $570Total interest income
  • $172Total interest expense
  • $398Net interest income
  • $12Provision for loan and lease losses
  • $274Total noninterest income
  • $0Fiduciary activities
  • $30Service charges on deposit accounts
  • $0Trading account gains & fees
  • $244Additional noninterest income
  • $487Total noninterest expense
  • $287Salaries and employee benefits
  • $23Premises and equipment expense
  • $177Additional noninterest expense
  • $173Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $173Income before extraordinary items
  • $0Extraordinary gains - net
  • $173Net income attributable to bank
  • $0Net charge-offs
  • $173Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $304Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.02%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 1.41%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 1.73%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 3.55%Return on equity (ROE)
  • -2.69%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,470Assets per employee
  • 6.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 175.72%Loss allowance to loans
  • 4.68%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 27.59%Net loans and leases to core deposits
  • 28.17%Equity capital to assets
  • 15.95%Core capital (leverage) ratio
  • 16.42%Tier 1 risk-based capital ratio
  • 50.59%Total risk-based capital ratio
  • Memoranda
  • $52Average assets
  • $30,204Average earning assets
  • $4,877Average equity
  • $28,231Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07035Security State Bank Of Oklee201 Main Street, Oklee, MN 56742January 01, 1934Full Service Brick and Mortar

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