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

Security State Bank of Warroad - Overview

  • General
  • FDIC Certificate #: 9773
    Status: Active
    Federal Reserve ID: 868059
    Bank Holding Company (Regulatory Top Holder): Warroad Bancshares, Inc. (RSSDID: 1127986, Location: Warroad, MN)
    Date Established: September 13, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6257
    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: 502 E Lake St, Warroad, MN 56763
    County: Roseau
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.7 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $66.5 mil
    Return on assets (ROA): 0.80% ($0.7 mil)
    Quarterly return on assets: 1.11% ($0.9 mil)
    Return on Equity (ROE): 4.19% ($0.7 mil)
    Quarterly return on equity: 5.87% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.14% ($942.6 mil)
    Quarterly Pretax return on assets: 1.17% ($967.4 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
  • 19Total employees (full-time equivalent)
  • $82,688Total assets
  • $6,324Cash and due from depository institutions
  • $1,440Interest-bearing balances
  • $30,142Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,637Net loans & leases
  • $1,056Loan loss allowance
  • $0Trading account assets
  • $204Bank premises and fixed assets
  • $564Other real estate owned
  • $0Goodwill and other intangibles
  • $82,688Life insurance assets
  • $817All other assets
  • $66,697Total liabilities and capital
  • $66,544Total liabilities
  • $52,327Total deposits
  • $66,544Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $153Subordinated debt
  • $15,991All other liabilities
  • $15,991Total equity capital
  • $15,991Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,950Surplus
  • $12,991Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,178Income earned, not collected on loans
  • $0Earning assets
  • $630Long-term assets (5+ years)
  • $76,219Average Assets, year-to-date
  • $10,723Average Assets, quarterly
  • $81,883Volatile liabilities
  • $83,593Insider loans
  • $56,273FHLB advances
  • $83,512Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,918Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,820Restructured Loans and leases
  • $718Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,569Total interest income
  • $468Total interest expense
  • $3,101Net interest income
  • $220Provision for loan and lease losses
  • $620Total noninterest income
  • $0Fiduciary activities
  • $366Service charges on deposit accounts
  • $0Trading account gains & fees
  • $254Additional noninterest income
  • $2,568Total noninterest expense
  • $1,700Salaries and employee benefits
  • $165Premises and equipment expense
  • $703Additional noninterest expense
  • $933Pre-tax net operating income
  • $0Securities gains (losses)
  • $281Applicable income taxes
  • $652Income before extraordinary items
  • $0Extraordinary gains - net
  • $652Net income attributable to bank
  • $0Net charge-offs
  • $652Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 4.19%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 236.56%Credit loss provision to net charge-offs
  • 12.40%Efficiency ratio
  • 69,014Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 89.64%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 67.08%Net loans and leases to core deposits
  • 71.40%Equity capital to assets
  • 19.34%Core capital (leverage) ratio
  • 19.06%Tier 1 risk-based capital ratio
  • 28.29%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $81,883Average earning assets
  • $15,571Average equity
  • $72,142Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06257Security State Bank Of Warroad502 E Lake St, Warroad, MN 56763September 13, 1912Full Service Brick and Mortar
    1272532Warroad Branch505 Lake Street Ne, Warroad, MN 56763July 01, 1934Limited Service Facility

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