Security Savings Bank
Eagle Grove, IA — Domestic Branch of a Domestic Bank
Acquired Jan 2015
Vitals
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Total Assets117.0M -1.8 %
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Total Deposits95.0M -3.1 %
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Total Net Loans76.9M -12.4 %
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Net Income1.5M -6.5 %
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Book Value13.1M 6.8 %
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Book Value x226.1M 6.8 %
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Book Value x339.2M 6.8 %
Balance Sheet Highlights
Financial Highlights | Security Savings Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 116,995 | 174,435 |
Total Net Loans | 76,905 | 113,509 |
Total Deposits | 95,026 | 143,503 |
Total Equity | 13,068 | 19,206 |
Profitability | ||
Net Income | 1,540 | 2,015 |
Return on Average Assets | 1.299 | 1.125 |
Return on Average Equity | 12.101 | 10.335 |
Net Interest Margin | 3.873 | 3.569 |
Efficiency Ratio | 57.24 | 61.018 |
Noninterest Income/Revenue | 5.934 | 13.606 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 80.931 | 74.524 |
Securities/Assets | .2 | .23 |
Total Equity/Total Assets | .112 | .11 |
Tangible Equity/Tangible Assets | .11 | .106 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 11,913 | 17,780 |
Tier 2 Capital | 1,069 | 1,370 |
Total Capital | 12,982 | 19,143 |
Total Risk Weighted Assets | 85,326 | 128,385 |
Leverage Ratio | 10.24 | 10.413 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.96 | 15.224 |
Total Capital Ratio | 15.21 | 16.255 |
Timeline for Security Savings Bank
Farmers & Merchants Savings Bank
Security Savings Bank was acquired by Farmers & Merchants Savings Bank 9 years
View Profile Jan 01 2015Dunn Shares, Inc.
Acquisition: Security Savings Bank acquired a new subsidiary, Dunn Shares, Inc. , 23 years
View Profile Oct 12 2000Dunn Investment Co.
Dunn Investment Co. became a new parent organization for Security Savings Bank.
View Profile Oct 12 2000United Federal Savings Association Of Iowa
Acquisition: Security Savings Bank acquired a new subsidiary, United Federal Savings Association Of Iowa, 29 years
View Profile Jun 25 1994Goldfield State Bank
Acquisition: Security Savings Bank acquired a new subsidiary, Goldfield State Bank, 39 years
View Profile Jun 30 1984Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Farmers & Merchants Savings Bank | Buyer | 558,723 | Pooling of Interests | Discontinued | 1/1/2015 |
Dunn Shares, Inc. | Seller | Acquisition | Discontinued | 10/12/2000 | |
United Federal Savings Association Of Iowa | Seller | 196,162 | Failure | 6/25/1994 | |
Goldfield State Bank | Seller | 13,497 | Discontinued | 6/30/1984 |
Relationships | Role | Relationship Start | Relationship End |
Dunn Investment Co. | Parent | 10/12/2000 | 12/31/2014 |
Dunn Shares, Inc. | Parent | 6/28/1993 | 10/11/2000 |
Dunn Shares, Inc. | Parent | 6/30/1983 | 6/27/1993 |
Dunn Shares, Inc. | Parent | 12/31/1981 | 6/29/1983 |
Dunn Shares, Inc. | Parent | 12/31/1980 | 12/30/1981 |
Dunn Shares, Inc. | Parent | 12/31/1979 | 12/30/1980 |
Dunn Shares, Inc. | Parent | 12/31/1978 | 12/30/1979 |
Dunn Shares, Inc. | Parent | 6/3/1977 | 12/30/1978 |
Farmers And Security Ag Corp | Subsidary | 10/15/1980 | 6/1/1984 |
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