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Security Bank

Madison, SD · Cert 16220

FDIC

Q4 2005

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2005, the quarter ended December 31, 2005, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Security Bank

Madison, SD · Cert 16220

FDIC

Q4 2005

$138.6MAssets
$116.4MLoans
$122.2MDeposits
$11.9MEquity
Loan mix
84%RE $37.4M15%C&I $6.5M1%Consumer $0.5MQ4 2004Q4 2005
Deposit mix
84%Interest-bearing $102.3M16%Noninterest $19.9MQ4 2004Q4 2005

NIM

6.49%Q4 ’035.98%Q4 ’045.91%Q4 ’05-1%-15%

Non-interest income vs. expense

7.16%Q4 ’035.80%Q4 ’045.30%Q4 ’05+54%-33%

Executive Summary

  • Earnings: ROA of 0.82%, down 18 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.28%.
  • Funding: loans stand at 95.28% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

0.82%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.90%-68 bps YoY

Efficiency Ratio (YTD, annualized)

75.45%-615 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.00%0.19%0.42%1.82%0.82%-18 bps
Return on Equity9.92%1.94%4.47%19.34%8.89%-103 bps
Net Interest Margin4.57%4.33%3.93%3.88%3.90%-68 bps
Efficiency Ratio81.60%96.48%92.66%72.24%75.45%-615 bps
Non-Interest Burden3.26%4.10%3.49%1.85%2.17%-109 bps
Growth
Asset Growth (YoY)-0.39%0.28%12.30%14.58%5.86%+625 bps
Loan Growth (YoY)10.82%13.15%5.29%14.19%5.62%-521 bps
Deposit Growth (YoY)-4.98%0.79%17.32%12.90%10.32%+1,530 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%-0.03%0.05%0.17%1.28%+88 bps
Allowance / Loans0.90%0.91%0.86%0.89%0.67%-23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.89%11.74%11.33%11.88%10.29%-160 bps
Equity / Assets9.65%9.48%8.90%9.57%8.57%-109 bps
Liquidity & Funding
Loans / Deposits99.53%93.19%87.23%93.51%95.28%-425 bps
Liquid Assets / Assets1.79%1.49%1.25%1.32%1.68%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a