Vitals
  • Total Assets
    123.6M 11.6 %
  • Total Deposits
    106.2M 15.9 %
  • Total Net Loans
    93.5M 9.0 %
  • Net Income
    1.7M -3.4 %
  • Book Value
    13.3M 3.0 %
  • Book Value x2
    26.5M 3.0 %
  • Book Value x3
    39.8M 3.0 %
ROAA

1.438

ROAE

13.433

Efficiency Ratio

63.024

Net Interest Margin

4.21

Balance Sheet Highlights
Financial Highlights Security Bank Minnesota All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 123,579 147,703
Total Net Loans 93,469 97,223
Total Deposits 106,151 126,600
Total Equity 13,264 15,565
Profitability
Net Income 1,740 1,683
Return on Average Assets 1.438 1.08
Return on Average Equity 13.433 9.905
Net Interest Margin 4.21 3.845
Efficiency Ratio 63.024 68.21
Noninterest Income/Revenue 5.394 13.68
Balance Sheet Ratios
Loan-to-Deposit 88.053 75.205
Securities/Assets .122 .174
Total Equity/Total Assets .107 .105
Tangible Equity/Tangible Assets .101 .103
Capital Adequacy
Tier 1 Common Capital 12,006 15,225
Tier 1 Capital 12,006 15,232
Tier 2 Capital 1,267 1,135
Total Capital 13,273 16,386
Total Risk Weighted Assets 101,204 105,251
Leverage Ratio 9.77 10.475
Common Equity Tier 1 Capital Ratio 11.86 15.3
Tier 1 Capital Ratio 11.86 15.308
Total Capital Ratio 13.12 16.398

Timeline for Security Bank Minnesota

Sbm Loan Servicing, Llc

Sbm Loan Servicing, Llc became a new subsidiary organization for Security Bank Minnesota.

View Profile Oct 11 2012

First State Bank Of Emmons

Acquisition: Security Bank Minnesota acquired a new subsidiary, First State Bank Of Emmons, 21 years

View Profile Jul 14 2003

Lake Bank Shares, Inc.

Lake Bank Shares, Inc. became a new parent organization for Security Bank Minnesota.

View Profile Jan 08 1987

Security Bank Minnesota

Security Bank Minnesota was established 118 years ago and is currently headquartered in Albert Lea, MN.

Jan 01 1906
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First State Bank Of Emmons Seller 7,930 Pooling of Interests Discontinued 7/14/2003
Relationships Role Relationship Start Relationship End
Lake Bank Shares, Inc. Parent 12/29/2000
Lake Bank Shares, Inc. Parent 1/8/1987 12/28/2000
Sbm Loan Servicing, Llc Subsidary 10/11/2012
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