The Security State Bank in Emery, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Security State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 11Total employees (full-time equivalent)
  • $36,828Total assets
  • $8,399Cash and due from depository institutions
  • $8,123Interest-bearing balances
  • $11,834Securities
  • $370Federal funds sold & reverse repurchase agreements
  • $15,297Net loans & leases
  • $173Loan loss allowance
  • $0Trading account assets
  • $80Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $36,828Life insurance assets
  • $848All other assets
  • $31,691Total liabilities and capital
  • $31,626Total liabilities
  • $24,197Total deposits
  • $31,626Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $65Subordinated debt
  • $5,137All other liabilities
  • $5,137Total equity capital
  • $5,137Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,450Surplus
  • $3,637Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $271Long-term assets (5+ years)
  • $35,624Average Assets, year-to-date
  • $5,050Average Assets, quarterly
  • $35,416Volatile liabilities
  • $35,944Insider loans
  • $23,548FHLB advances
  • $36,158Loans and leases held for sale
  • $424Unused loan commitments
  • $424Tier 1 (core) risk-based capital
  • $5,235Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,626Restructured Loans and leases
  • $69Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,203Total interest income
  • $232Total interest expense
  • $971Net interest income
  • $0Provision for loan and lease losses
  • $65Total noninterest income
  • $0Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16Additional noninterest income
  • $916Total noninterest expense
  • $602Salaries and employee benefits
  • $49Premises and equipment expense
  • $265Additional noninterest expense
  • $120Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $115Income before extraordinary items
  • $0Extraordinary gains - net
  • $115Net income attributable to bank
  • $0Net charge-offs
  • $115Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.52%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 2.84%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.68%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,417Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 48.37%Net loans and leases to core deposits
  • 48.37%Equity capital to assets
  • 13.95%Core capital (leverage) ratio
  • 14.48%Tier 1 risk-based capital ratio
  • 22.23%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $35,416Average earning assets
  • $5,136Average equity
  • $34,204Average loans

List of branches

  • 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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