Security State Bank of Lewiston in Lewiston, Minnesota (MN)
| Security State Bank of Lewiston | |
|---|---|
| General | FDIC Certificate #: 10201 Status: Active Federal Reserve ID: 91651 Bank Holding Company (Regulatory Top Holder): Fischer Corporation, The (RSSDID: 1124471, Location: Lewiston, MN) Date Established: August 01, 1905 WWW: http://www.securitysbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 12490 FDIC's unique #: 6540 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: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 255 East Main Street, Lewiston, MN 55952 County: Winona Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Winona, MN (#49100) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $66.0 mil Equity capital: $5.4 mil Deposits held in domestic offices: $59.7 mil Return on assets (ROA): -0.05% (-$0.0 mil) Quarterly return on assets: 0.83% ($0.5 mil) Return on Equity (ROE): -0.60% (-$0.0 mil) Quarterly return on equity: 9.99% ($0.5 mil) Net income: -$0.0 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.05% (-$33.0 mil) Quarterly Pretax return on assets: 0.83% ($547.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 23 |
| Total assets | $65,997 |
| Cash and due from depository institutions | $6,014 |
| Interest-bearing balances | $2,960 |
| Securities | $18,858 |
| Federal funds sold & reverse repurchase agreements | $1,600 |
| Net loans & leases | $35,063 |
| Loan loss allowance | $598 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $812 |
| Other real estate owned | $687 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,963 |
| Life insurance assets | $65,997 |
| Total liabilities and capital | $60,565 |
| Total liabilities | $59,740 |
| Total deposits | $19,835 |
| Interest-bearing deposits | $59,740 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $132 |
| Other borrowed funds | $0 |
| Subordinated debt | $693 |
| All other liabilities | $5,432 |
| Total equity capital | $5,432 |
| Total bank equity capital | $5,432 |
| Perpetual preferred stock | $0 |
| Common stock | $75 |
| Surplus | $7,570 |
| Undivided profits | $-2,213 |
| 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 | $275 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $420 |
| Average Assets, year-to-date | $58,481 |
| Average Assets, quarterly | $6,214 |
| Volatile liabilities | $65,577 |
| Insider loans | $64,849 |
| FHLB advances | $40,712 |
| Loans and leases held for sale | $65,015 |
| Unused loan commitments | $2,088 |
| Tier 1 (core) risk-based capital | $2,088 |
| Tier 2 risk-based capital | $5,334 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,372 |
| Derivatives | $158 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,487 |
| Total interest expense | $271 |
| Net interest income | $2,216 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $246 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $172 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $74 |
| Total noninterest expense | $2,492 |
| Salaries and employee benefits | $1,357 |
| Premises and equipment expense | $358 |
| Additional noninterest expense | $777 |
| Pre-tax net operating income | -$30 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | -$32 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$32 |
| Net charge-offs | $0 |
| Cash dividends | -$32 |
| Sale, conversion, retirement of capital stock, net | $411 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.27% |
| Cost of funding earning assets | 0.47% |
| Net interest margin | 3.81% |
| Noninterest income to earning assets | 0.42% |
| Noninterest expense to earning assets | 4.28% |
| Net operating income to assets | -0.05% |
| Return on assets (ROA) | -0.05% |
| Pretax return on assets | -0.05% |
| Return on equity (ROE) | -0.60% |
| Retained earnings to average equity (YTD only) | -0.60% |
| Net charge-offs to loans | 1.08% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | -0.07% |
| Assets per employee | $101,219 |
| Cash dividends to net income (YTD only) | 2.87% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.68% |
| Noncurrent assets plus other real estate owned to assets | 217.45% |
| Noncurrent loans to loans | 1.46% |
| Net loans and leases to deposits | 0.77% |
| Net loans and leases to core deposits | 58.69% |
| Equity capital to assets | 59.64% |
| Core capital (leverage) ratio | 8.23% |
| Tier 1 risk-based capital ratio | 8.20% |
| Total risk-based capital ratio | 13.10% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $65,577 |
| Average equity | $5,362 |
| Average loans | $58,188 |
| 5 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6540 | Security State Bank Of Lewiston | 255 East Main Street, Lewiston, MN 55952 | August 01, 1905 | Full Service Brick and Mortar |  |
| 1 | 746 | Old Ssb-Wykoff Main Office Branch | 101 South Gold Street, Wykoff, MN 55990 | January 01, 1905 | Full Service Brick and Mortar |  |
| 2 | 5651 | Ostrander Branch | 310 Main Street, Ostrander, MN 55961 | May 15, 1903 | Full Service Brick and Mortar | |
| 3 | 187908 | Spring Valley Branch | 112 West Main Street, Spring Valley, MN 55975 | November 06, 1995 | Full Service Brick and Mortar | |
| 4 | 360233 | Spring Valley Branch | 100 South Broadway, Spring Valley, MN 55975 | April 09, 2001 | Full Service Brick and Mortar | |
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