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Overview / Commentary
307-568-2483
201 South Fourth Street
Basin, WY 82410

Security State Bank (WY) is headquartered in Basin and is the 7th largest bank in the state of Wyoming. It is also the 2,118st largest bank in the nation. It was established in 1929 and as of March of 2014, it had grown to 67 employees at 4 locations. Security State Bank (WY) has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Security State Bank (WY) had $318,000 in non-current loans and owned real-estate with $36.19 million in equity and loan loss allowances on hand to cover it. This gives Security State Bank (WY) a Texas Ratio of 0.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Security State Bank (WY) decreased dramatically from 7.30% as of March 31, 2013 to 0.88% as of March 31, 2014, resulting in a positive change of 87.96%.This indicates that the balance sheet and financial strength for Security State Bank (WY) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Security State Bank (WY) has decreased its total deposits by $-508,000, resulting in -0.19% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security State Bank (WY) has shown is average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security State Bank (WY) has $309.77 million in assets with $36.19 million in equity, resulting in a capitalization level of 11.68%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #12592
Year Established1929
Employees67
Primary RegulatorFED
Assets and Liabilities
Assets$309.77 million
Loans$184.88 million
Deposits$262.26 million
Equity Capital$33.59 million
Loan Loss Allowance$2.60 million
Unbacked Noncurrent Loans$23,000
Real Estate Owned$295,000
Historic Data - March 2013
Assets$313.07 million
Equity Capital$31.80 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$23,000
Real Estate Owned$102,000
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.94%
Return on Equity8.8%
Interest Income$3.14 million
Rates
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Security State Bank (WY) CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$1k-36 Month Jumbo CD
0.80%$1k-36 Month CD
0.70%$1k-24 Month one Up Jumbo CD
0.60%$1k-24 Month one Up CD
0.60%$1k-18 Month Jumbo CD
0.55%$1k-12 Month Jumbo CD
0.50%$1k-18 Month CD
0.45%$1k-12 Month CD
0.30%$1k-6 Month Jumbo CD
0.25%$1k-1 Month Jumbo CD
0.25%$1k-2 Month Jumbo CD
0.25%$1k-3 Month Jumbo CD
0.20%$1k-6 Month CD
0.15%$1k-1 Month CD
0.15%$1k-2 Month CD
0.15%$1k-3 Month CD
Locations


Security State Bank (WY) Locations
Security State Bank201 South Fourth StreetBasin, WY 82410
2070 Coffeen Ave2070 Coffeen AveSheridan, WY 82801
2124 South Douglas Highway Branch2124 South Douglas HighwayGillette, WY 82718
320 North 10th Branch320 North 10thWorland, WY 82401