The Security State Bank in Emery, South Dakota (SD)



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The Security State Bank routing number info

Table of contents:
The Security State Bank
GeneralFDIC Certificate #: 15749
Status: Active
Federal Reserve ID: 285553
Bank Holding Company (Regulatory Top Holder): Emery Security Bancorporation, Inc. (RSSDID: 1127771, Location: Emery, SD)
Date Established: January 01, 1920
WWW: http://www.thesecuritystatebank.com
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 #: 10000
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: July 01, 1940
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: 117 N Third St, Emery, SD 57332
County: Hanson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Mitchell, SD (#33580)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $36.8 mil
Equity capital: $5.1 mil
Deposits held in domestic offices: $31.6 mil
Return on assets (ROA): 0.32% ($0.1 mil)
Quarterly return on assets: 0.42% ($0.2 mil)
Return on Equity (ROE): 2.24% ($0.1 mil)
Quarterly return on equity: 2.96% ($0.1 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.34% ($125.2 mil)
Quarterly Pretax return on assets: 0.39% ($143.6 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)11
Total assets$36,828
Cash and due from depository institutions$8,399
Interest-bearing balances$8,123
Securities$11,834
Federal funds sold & reverse repurchase agreements$370
Net loans & leases$15,297
Loan loss allowance $173
Trading account assets$0
Bank premises and fixed assets$80
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$848
Life insurance assets$36,828
Total liabilities and capital$31,691
Total liabilities$31,626
Total deposits$24,197
Interest-bearing deposits$31,626
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $65
All other liabilities $5,137
Total equity capital$5,137
Total bank equity capital$5,137
Perpetual preferred stock$0
Common stock$50
Surplus$1,450
Undivided profits $3,637
Memoranda
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 $0
Earning assets $0
Long-term assets (5+ years) $271
Average Assets, year-to-date $35,624
Average Assets, quarterly $5,050
Volatile liabilities $35,416
Insider loans $35,944
FHLB advances $23,548
Loans and leases held for sale $36,158
Unused loan commitments $424
Tier 1 (core) risk-based capital $424
Tier 2 risk-based capital $5,235
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,626
Derivatives$69
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,203
Total interest expense $232
Net interest income $971
Provision for loan and lease losses $0
Total noninterest income $65
Fiduciary activities $0
Service charges on deposit accounts $49
Trading account gains & fees $0
Additional noninterest income $16
Total noninterest expense $916
Salaries and employee benefits $602
Premises and equipment expense $49
Additional noninterest expense $265
Pre-tax net operating income $120
Securities gains (losses) $0
Applicable income taxes $5
Income before extraordinary items $115
Extraordinary gains - net $0
Net income attributable to bank $115
Net charge-offs $0
Cash dividends $115
Sale, conversion, retirement of capital stock, net $0
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 assets3.52%
Cost of funding earning assets 0.68%
Net interest margin 2.84%
Noninterest income to earning assets 0.19%
Noninterest expense to earning assets 2.68%
Net operating income to assets 0.32%
Return on assets (ROA) 0.32%
Pretax return on assets 0.34%
Return on equity (ROE) 2.24%
Retained earnings to average equity (YTD only) 2.24%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$88,417
Cash dividends to net income (YTD only)3.35%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 48.37%
Equity capital to assets 48.37%
Core capital (leverage) ratio 13.95%
Tier 1 risk-based capital ratio 14.48%
Total risk-based capital ratio 22.23%
Memoranda
Average assets$23
Average earning assets$35,416
Average equity $5,136
Average loans $34,204
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2 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010000The Security State Bank117 N Third St, Emery, SD 57332January 01, 1920Full Service Brick and Mortar
1208689Canistota Branch315 Free Street, Canistota, SD 57012September 01, 1966Full Service Brick and Mortar
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