Security State Bank of Oklee in Oklee, Minnesota (MN)
| Security State Bank of Oklee | |
|---|---|
| General | FDIC Certificate #: 10982 Status: Active Federal Reserve ID: 814355 Date Established: January 01, 1934 WWW: http://www.ssboklee.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 7035 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: December 06, 2010 Last Structure Change Process Date: December 06, 2010 Last Data Update: December 06, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 201 Main Street, Oklee, MN 56742 County: Red Lake Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| Financial Summary | Total assets: $30.4 mil Equity capital: $4.9 mil Deposits held in domestic offices: $25.5 mil Return on assets (ROA): 0.57% ($0.2 mil) Quarterly return on assets: 0.62% ($0.2 mil) Return on Equity (ROE): 3.55% ($0.2 mil) Quarterly return on equity: 3.81% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.57% ($173.4 mil) Quarterly Pretax return on assets: 0.62% ($188.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $30,424 |
| Cash and due from depository institutions | $13,615 |
| Interest-bearing balances | $9,176 |
| Securities | $4,978 |
| Federal funds sold & reverse repurchase agreements | $4,670 |
| Net loans & leases | $7,034 |
| Loan loss allowance | $345 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $113 |
| Life insurance assets | $30,424 |
| Total liabilities and capital | $25,570 |
| Total liabilities | $25,495 |
| Total deposits | $21,025 |
| Interest-bearing deposits | $25,495 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $16 |
| Other borrowed funds | $0 |
| Subordinated debt | $59 |
| All other liabilities | $4,854 |
| Total equity capital | $4,854 |
| Total bank equity capital | $4,854 |
| Perpetual preferred stock | $0 |
| Common stock | $61 |
| Surplus | $1,039 |
| Undivided profits | $3,754 |
| 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) | $74 |
| Average Assets, year-to-date | $25,858 |
| Average Assets, quarterly | $737 |
| Volatile liabilities | $30,204 |
| Insider loans | $29,640 |
| FHLB advances | $9,545 |
| Loans and leases held for sale | $29,417 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,829 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,185 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $570 |
| Total interest expense | $172 |
| Net interest income | $398 |
| Provision for loan and lease losses | $12 |
| Total noninterest income | $274 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $30 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $244 |
| Total noninterest expense | $487 |
| Salaries and employee benefits | $287 |
| Premises and equipment expense | $23 |
| Additional noninterest expense | $177 |
| Pre-tax net operating income | $173 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $173 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $173 |
| Net charge-offs | $0 |
| Cash dividends | $173 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $304 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.02% |
| Cost of funding earning assets | 0.61% |
| Net interest margin | 1.41% |
| Noninterest income to earning assets | 0.97% |
| Noninterest expense to earning assets | 1.73% |
| Net operating income to assets | 0.57% |
| Return on assets (ROA) | 0.57% |
| Pretax return on assets | 0.57% |
| Return on equity (ROE) | 3.55% |
| Retained earnings to average equity (YTD only) | -2.69% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $72,470 |
| Cash dividends to net income (YTD only) | 6.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 175.72% |
| Loss allowance to noncurrent loans | 4.68% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 27.59% |
| Equity capital to assets | 28.17% |
| Core capital (leverage) ratio | 15.95% |
| Tier 1 risk-based capital ratio | 16.42% |
| Total risk-based capital ratio | 50.59% |
| Memoranda | |
| Average assets | $52 |
| Average earning assets | $30,204 |
| Average equity | $4,877 |
| Average loans | $28,231 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7035 | Security State Bank Of Oklee | 201 Main Street, Oklee, MN 56742 | January 01, 1934 | Full Service Brick and Mortar |  |
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