The Security National Bank of Sioux City, Iowa in Sioux City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Security National Bank of Sioux City, Iowa in Sioux City, Iowa (IA)
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The Security National Bank of Sioux City, Iowa - Overview

  • General
  • FDIC Certificate #: 4506
    Status: Active
    Federal Reserve ID: 418249
    Bank Holding Company (Regulatory Top Holder): Security National Corporation (RSSDID: 1200348, Location: Dakota Dunes, SD)
    Date Established: January 01, 1884
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11425
    FDIC's unique #: 2978
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 26, 2010
    Last Structure Change Process Date: May 14, 2010
    Last Data Update: May 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Pierce Street, Sioux City, IA 51102
    County: Woodbury
    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
    Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $716.9 mil
    Equity capital: $71.4 mil
    Deposits held in domestic offices: $539.3 mil
    Return on assets (ROA): 1.35% ($9.7 mil)
    Quarterly return on assets: 0.85% ($6.1 mil)
    Return on Equity (ROE): 14.12% ($10.0 mil)
    Quarterly return on equity: 8.43% ($6.0 mil)
    Net income: $9.5 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.96% ($14,051.4 mil)
    Quarterly Pretax return on assets: 1.31% ($9,391.5 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
  • 175Total employees (full-time equivalent)
  • $716,906Total assets
  • $93,950Cash and due from depository institutions
  • $55,911Interest-bearing balances
  • $186,336Securities
  • $5,300Federal funds sold & reverse repurchase agreements
  • $403,340Net loans & leases
  • $10,902Loan loss allowance
  • $0Trading account assets
  • $2,856Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $716,906Life insurance assets
  • $25,124All other assets
  • $645,550Total liabilities and capital
  • $539,254Total liabilities
  • $364,432Total deposits
  • $539,254Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 94427.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $4,869Subordinated debt
  • $71,356All other liabilities
  • $71,356Total equity capital
  • $71,356Total bank equity capital
  • $0Perpetual preferred stock
  • $5,000Common stock
  • $8,674Surplus
  • $57,682Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,883Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,240Income earned, not collected on loans
  • $0Earning assets
  • $3,663Long-term assets (5+ years)
  • $650,887Average Assets, year-to-date
  • $257,020Average Assets, quarterly
  • $706,197Volatile liabilities
  • $708,557Insider loans
  • $428,261FHLB advances
  • $724,543Loans and leases held for sale
  • $13,965Unused loan commitments
  • $9,502Tier 1 (core) risk-based capital
  • $69,166Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,463Total unused commitments
  • $167,053Restructured Loans and leases
  • $52,054Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,256Total interest income
  • $4,001Total interest expense
  • $21,255Net interest income
  • $0Provision for loan and lease losses
  • $13,233Total noninterest income
  • $6,893Fiduciary activities
  • $2,962Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,378Additional noninterest income
  • $20,658Total noninterest expense
  • $12,368Salaries and employee benefits
  • $1,451Premises and equipment expense
  • $6,839Additional noninterest expense
  • $13,830Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,293Applicable income taxes
  • $9,537Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,537Net income attributable to bank
  • $0Net charge-offs
  • $9,537Cash dividends
  • -$301Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.89%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.27%Net interest margin
  • 2.04%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.96%Pretax return on assets
  • 14.12%Return on equity (ROE)
  • 11.16%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,899Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.97%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 879.19%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 74.80%Net loans and leases to core deposits
  • 76.33%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 16.15%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $706,197Average earning assets
  • $67,544Average equity
  • $650,052Average 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
  • $1,095,355Managed Assets
  • 1Number of Accounts
  • $641,635Personal trust and agency accounts
  • $186,372Employee benefit-defined contribution accounts
  • $21,857Employee benefit-defined benefit accounts
  • $11,962Other retirement accounts
  • $64,922Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $219,986Other fiduciary accounts
  • $134,484Fiduciary accounts held in foreign offices
  • $2,052Non-managed Assets
  • 1617Number of Accounts
  • $0Personal trust and agency accounts
  • $64,850Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $453,720Other retirement accounts
  • $5,773Corporate trust and agency accounts
  • $426,856Other fiduciary accounts
  • $20,481Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02978The Security National Bank Of Sioux City, Iowa601 Pierce Street, Sioux City, IA 51102January 01, 1884Full Service Brick and Mortar
    1203761Northside Branch3131 Floyd Boulevard, Sioux City, IA 51105August 12, 1963Full Service Brick and Mortar
    2203762Morningside BranchSergeant And South Lakeport Roads, Sioux City, IA 51106September 25, 1968Full Service Brick and Mortar
    5441010Westside Branch2827 Hamilton Boulevard, Sioux City, IA 51104May 17, 2005Full Service Retail
    62920Akron Branch251 Reed Street, Akron, IA 51001June 01, 1904Full Service Brick and Mortar

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