Security State Bank of Warroad in Warroad, Minnesota (MN)

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Security State Bank of Warroad routing number info

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Security State Bank of Warroad
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$82,688
Cash and due from depository institutions$6,324
Interest-bearing balances$1,440
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,637
Loan loss allowance $1,056
Trading account assets$0
Bank premises and fixed assets$204
Other real estate owned$564
Goodwill and other intangibles$0
All other assets$817
Life insurance assets$82,688
Total liabilities and capital$66,697
Total liabilities$66,544
Total deposits$52,327
Interest-bearing deposits$66,544
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $153
All other liabilities $15,991
Total equity capital$15,991
Total bank equity capital$15,991
Perpetual preferred stock$0
Common stock$50
Undivided profits $12,991
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,178
Earning assets $0
Long-term assets (5+ years) $630
Average Assets, year-to-date $76,219
Average Assets, quarterly $10,723
Volatile liabilities $81,883
Insider loans $83,593
FHLB advances $56,273
Loans and leases held for sale $83,512
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,918
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,820
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,569
Total interest expense $468
Net interest income $3,101
Provision for loan and lease losses $220
Total noninterest income $620
Fiduciary activities $0
Service charges on deposit accounts $366
Trading account gains & fees $0
Additional noninterest income $254
Total noninterest expense $2,568
Salaries and employee benefits $1,700
Premises and equipment expense $165
Additional noninterest expense $703
Pre-tax net operating income $933
Securities gains (losses) $0
Applicable income taxes $281
Income before extraordinary items $652
Extraordinary gains - net $0
Net income attributable to bank $652
Net charge-offs $0
Cash dividends $652
Sale, conversion, retirement of capital stock, net $93
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.95%
Cost of funding earning assets 0.65%
Net interest margin 4.30%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 3.56%
Net operating income to assets 0.80%
Return on assets (ROA) 0.80%
Pretax return on assets 1.14%
Return on equity (ROE) 4.19%
Retained earnings to average equity (YTD only) 4.19%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs 236.56%
Efficiency ratio12.40%
Assets per employee$69,014
Cash dividends to net income (YTD only)4.35%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.31%
Noncurrent assets plus other real estate owned to assets 89.64%
Noncurrent loans to loans 2.11%
Net loans and leases to deposits2.58%
Net loans and leases to core deposits 67.08%
Equity capital to assets 71.40%
Core capital (leverage) ratio 19.34%
Tier 1 risk-based capital ratio 19.06%
Total risk-based capital ratio 28.29%
Average assets$30
Average earning assets$81,883
Average equity $15,571
Average loans $72,142
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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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