Security Trust & Savings Bank in Storm Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Trust & Savings Bank - Overview

  • General
  • FDIC Certificate #: 968
    Status: Active
    Federal Reserve ID: 363648
    Bank Holding Company (Regulatory Top Holder): Storm Lake Security Bancorporation (RSSDID: 2382344, Location: Storm Lake, IA)
    Date Established: January 01, 1908
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 635
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    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: 601 Lake Street, Storm Lake, IA 50588
    County: Buena Vista
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.8 mil
    Equity capital: $18.7 mil
    Deposits held in domestic offices: $133.5 mil
    Return on assets (ROA): 1.12% ($1.7 mil)
    Quarterly return on assets: 0.62% ($1.0 mil)
    Return on Equity (ROE): 9.70% ($1.8 mil)
    Quarterly return on equity: 5.19% ($1.0 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.31% ($2,027.8 mil)
    Quarterly Pretax return on assets: 0.56% ($866.9 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
  • 19Total employees (full-time equivalent)
  • $154,795Total assets
  • $3,957Cash and due from depository institutions
  • $1,719Interest-bearing balances
  • $94,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $52,925Net loans & leases
  • $480Loan loss allowance
  • $0Trading account assets
  • $1,292Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $154,795Life insurance assets
  • $1,974All other assets
  • $136,134Total liabilities and capital
  • $133,546Total liabilities
  • $126,132Total deposits
  • $133,546Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 300.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $750Trading liabilities
  • $0Other borrowed funds
  • $1,538Subordinated debt
  • $18,661All other liabilities
  • $18,661Total equity capital
  • $18,661Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,850Surplus
  • $16,661Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $401Income earned, not collected on loans
  • $0Earning assets
  • $1,312Long-term assets (5+ years)
  • $149,291Average Assets, year-to-date
  • $83,165Average Assets, quarterly
  • $150,299Volatile liabilities
  • $156,596Insider loans
  • $64,568FHLB advances
  • $156,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,486Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,412Restructured Loans and leases
  • $1,194Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,216Total interest income
  • $1,557Total interest expense
  • $4,659Net interest income
  • $350Provision for loan and lease losses
  • $205Total noninterest income
  • $10Fiduciary activities
  • $146Service charges on deposit accounts
  • $0Trading account gains & fees
  • $49Additional noninterest income
  • $2,660Total noninterest expense
  • $1,536Salaries and employee benefits
  • $511Premises and equipment expense
  • $613Additional noninterest expense
  • $1,854Pre-tax net operating income
  • $108Securities gains (losses)
  • $276Applicable income taxes
  • $1,686Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,686Net income attributable to bank
  • $0Net charge-offs
  • $1,686Cash dividends
  • $408Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.70%Return on equity (ROE)
  • 7.11%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 85.78%Credit loss provision to net charge-offs
  • 5.40%Efficiency ratio
  • 54,688Assets per employee
  • 8.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.69%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 119.70%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 39.63%Net loans and leases to core deposits
  • 43.99%Equity capital to assets
  • 12.06%Core capital (leverage) ratio
  • 10.51%Tier 1 risk-based capital ratio
  • 25.53%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $150,299Average earning assets
  • $17,381Average equity
  • $144,126Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $19,297Managed Assets
  • 1Number of Accounts
  • $17,526Personal trust and agency accounts
  • $14,525Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $3,001Non-managed Assets
  • 100Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,771Other retirement accounts
  • $471Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,300Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0635Security Trust & Savings Bank601 Lake Street, Storm Lake, IA 50588January 01, 1908Full Service Brick and Mortar
    1186756Auto Branch300 West 5th Street, Storm Lake, IA 50588March 13, 1961Limited Service Facility

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