Security State Bank Of Howard Lake
Howard Lake, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2011
Vitals
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Total Assets79.4M -1.8 %
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Total Deposits65.2M -0.8 %
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Total Net Loans47.3M -3.9 %
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Net Income731000.0000 -48.2 %
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Book Value8.1M 0.1 %
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Book Value x216.3M 0.1 %
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Book Value x324.4M 0.1 %
Balance Sheet Highlights
Financial Highlights | Security State Bank Of Howard Lake | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 79,388 | 116,214 |
Total Net Loans | 47,316 | 72,854 |
Total Deposits | 65,246 | 99,156 |
Total Equity | 8,140 | 11,739 |
Profitability | ||
Net Income | 731 | 649 |
Return on Average Assets | 1.247 | .795 |
Return on Average Equity | 12.701 | 7.531 |
Net Interest Margin | 3.999 | 4.07 |
Efficiency Ratio | 56.086 | 71.985 |
Noninterest Income/Revenue | 8.86 | 9.611 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 72.519 | 71.503 |
Securities/Assets | .224 | .175 |
Total Equity/Total Assets | .103 | .101 |
Tangible Equity/Tangible Assets | .103 | .1 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 7,600 | 10,854 |
Tier 2 Capital | 668 | 971 |
Total Capital | 8,268 | 11,840 |
Total Risk Weighted Assets | 52,928 | 81,115 |
Leverage Ratio | 9.57 | 9.768 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 14.36 | 14.614 |
Total Capital Ratio | 15.62 | 15.778 |
Timeline for Security State Bank Of Howard Lake
Citizens Alliance Bank
Security State Bank Of Howard Lake was acquired by Citizens Alliance Bank 12 years
View Profile Oct 15 2011Forstrom Bancorporation, Inc.
Forstrom Bancorporation, Inc. became a new parent organization for Security State Bank Of Howard Lake.
View Profile Dec 08 1983Security State Bank Of Howard Lake
Security State Bank Of Howard Lake was established 108 years ago and is currently headquartered in Howard Lake, MN.
Sep 15 1915Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Citizens Alliance Bank | Buyer | 688,482 | Pooling of Interests | Discontinued | 10/15/2011 |
Relationships | Role | Relationship Start | Relationship End |
Forstrom Bancorporation, Inc. | Parent | 12/8/1983 | 10/14/2011 |
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