The Security State Bank in Wellington, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Security State Bank - Overview

  • General
  • FDIC Certificate #: 12422
    Status: Active
    Federal Reserve ID: 73956
    Bank Holding Company (Regulatory Top Holder): Ssb Holdings, Inc. (RSSDID: 3044630, Location: Wellington, KS)
    Date Established: June 15, 1897
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15363
    FDIC's unique #: 7905
    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: March 31, 2006
    Last Structure Change Process Date: September 28, 2010
    Last Data Update: September 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 North Washington Avenue, Wellington, KS 67152
    County: Sumner
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Wichita-Winfield, KS (#556)
    Core Based Statistical Area (CBSA): Wichita, KS (#48620)
    CBSA Metro Statistical Area: Wichita, KS (#48620)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.3 mil
    Equity capital: $7.6 mil
    Deposits held in domestic offices: $47.4 mil
    Return on assets (ROA): 0.91% ($0.5 mil)
    Quarterly return on assets: 0.68% ($0.4 mil)
    Return on Equity (ROE): 6.67% ($0.5 mil)
    Quarterly return on equity: 5.01% ($0.4 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.92% ($508.7 mil)
    Quarterly Pretax return on assets: 0.64% ($353.9 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
  • 17Total employees (full-time equivalent)
  • $55,297Total assets
  • $1,012Cash and due from depository institutions
  • $43Interest-bearing balances
  • $27,028Securities
  • $2Federal funds sold & reverse repurchase agreements
  • $25,161Net loans & leases
  • $554Loan loss allowance
  • $0Trading account assets
  • $408Bank premises and fixed assets
  • $121Other real estate owned
  • $22Goodwill and other intangibles
  • $55,297Life insurance assets
  • $1,543All other assets
  • $47,727Total liabilities and capital
  • $47,388Total liabilities
  • $41,029Total deposits
  • $47,388Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100Trading liabilities
  • $0Other borrowed funds
  • $239Subordinated debt
  • $7,570All other liabilities
  • $7,570Total equity capital
  • $7,570Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $1,500Surplus
  • $4,570Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $697Income earned, not collected on loans
  • $0Earning assets
  • $586Long-term assets (5+ years)
  • $52,234Average Assets, year-to-date
  • $33,291Average Assets, quarterly
  • $53,272Volatile liabilities
  • $55,948Insider loans
  • $32,175FHLB advances
  • $56,974Loans and leases held for sale
  • $671Unused loan commitments
  • $671Tier 1 (core) risk-based capital
  • $6,902Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,808Restructured Loans and leases
  • $2,077Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,384Total interest income
  • $335Total interest expense
  • $2,049Net interest income
  • $0Provision for loan and lease losses
  • $273Total noninterest income
  • $0Fiduciary activities
  • $201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $72Additional noninterest income
  • $1,891Total noninterest expense
  • $939Salaries and employee benefits
  • $205Premises and equipment expense
  • $747Additional noninterest expense
  • $431Pre-tax net operating income
  • $60Securities gains (losses)
  • $8Applicable income taxes
  • $483Income before extraordinary items
  • $0Extraordinary gains - net
  • $483Net income attributable to bank
  • $0Net charge-offs
  • $483Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $270Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.77%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 6.67%Return on equity (ROE)
  • 2.94%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 8.62%Efficiency ratio
  • 81,352Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.90%Loss allowance to loans
  • 2.15%Loss allowance to noncurrent loans
  • 79.48%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 53.10%Net loans and leases to core deposits
  • 56.33%Equity capital to assets
  • 13.69%Core capital (leverage) ratio
  • 12.11%Tier 1 risk-based capital ratio
  • 21.45%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $53,272Average earning assets
  • $7,241Average equity
  • $50,219Average loans

List of branches

  • 3 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07905The Security State Bank101 North Washington Avenue, Wellington, KS 67152June 15, 1897Full Service Brick and Mortar
    1227072Wellington Branch113 East Harvey, Wellington, KS 67152March 13, 1959Full Service Brick and Mortar
    2469654The Security State Bank2022 E. 16th Street, Wellington, KS 67152November 07, 2007Full Service Retail

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