Vitals
  • Total Assets
    413.5M 5.7 %
  • Total Deposits
    358.7M 5.6 %
  • Total Net Loans
    207.3M 0.4 %
  • Net Income
    5.2M 15.0 %
  • Book Value
    49.2M 7.7 %
  • Book Value x2
    98.4M 7.7 %
  • Book Value x3
    147.5M 7.7 %
ROAA

1.276

ROAE

10.898

Efficiency Ratio

66.281

Net Interest Margin

3.255

Balance Sheet Highlights
Financial Highlights Security State Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 413,506 1,309,331
Total Net Loans 207,256 914,924
Total Deposits 358,704 1,092,792
Total Equity 49,180 152,127
Profitability
Net Income 5,160 12,922
Return on Average Assets 1.276 .911
Return on Average Equity 10.898 8.319
Net Interest Margin 3.255 3.836
Efficiency Ratio 66.281 71.805
Noninterest Income/Revenue 21.015 18.251
Balance Sheet Ratios
Loan-to-Deposit 57.779 80.687
Securities/Assets .021 .16
Total Equity/Total Assets .119 .116
Tangible Equity/Tangible Assets .116 .099
Capital Adequacy
Tier 1 Common Capital 47,794 127,821
Tier 1 Capital 47,794 127,821
Tier 2 Capital 2,960 10,823
Total Capital 50,754 138,644
Total Risk Weighted Assets 231,254 1,050,147
Leverage Ratio 11.57 10.428
Common Equity Tier 1 Capital Ratio 20.67 14.247
Tier 1 Capital Ratio 20.67 14.247
Total Capital Ratio 21.95 15.385

Timeline for Security State Bank

Harbor Community Bank

Acquisition: Security State Bank acquired a new subsidiary, Harbor Community Bank, 19 years

View Profile Dec 06 2004

Security State Mortgage Company

Security State Mortgage Company became a new subsidiary organization for Security State Bank.

View Profile Jun 02 2003

Security State Corporation

Security State Corporation became a new parent organization for Security State Bank.

View Profile Aug 31 1997

Security State Bank

Security State Bank was established 120 years ago and is currently headquartered in Centralia, WA.

Dec 26 1903
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Harbor Community Bank Seller 52,088 Acquisition Discontinued 12/6/2004
Relationships Role Relationship Start Relationship End
Security State Corporation Parent 8/31/1997
Security State Mortgage Company Subsidary 6/30/2007
Security State Mortgage Company Subsidary 6/2/2003 6/29/2007
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