Security National Corporation
Security National Corporation provides various financial services. It offers checking and savings accounts; overdraft protection services; debit cards; and online and mobile banking services. The company also provides mortgage, personal, commercial, and agriculture loans; and wealth management services. The company was founded in 1884 and is based in Dakota Dunes, South Dokota.
Security National Corporation (SNLC) - Net Assets
Latest net assets as of March 2003: $88.49 Million USD
Based on the latest financial reports, Security National Corporation (SNLC) has net assets worth $88.49 Million USD as of March 2003.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($820.70 Million) and total liabilities ($732.22 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $88.49 Million |
| % of Total Assets | 10.78% |
| Annual Growth Rate | 4.34% |
| 5-Year Change | 13.02% |
| 10-Year Change | N/A |
| Growth Volatility | 33.37 |
Security National Corporation - Net Assets Trend (2000–2024)
This chart illustrates how Security National Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Security National Corporation (2000–2024)
The table below shows the annual net assets of Security National Corporation from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $216.09 Million | +7.60% |
| 2023-12-31 | $200.83 Million | +11.28% |
| 2022-12-31 | $180.47 Million | -7.89% |
| 2021-12-31 | $195.93 Million | +2.48% |
| 2020-12-31 | $191.19 Million | +9.82% |
| 2019-12-31 | $174.09 Million | +103.61% |
| 2002-12-31 | $85.50 Million | +12.55% |
| 2001-12-31 | $75.97 Million | -2.63% |
| 2000-12-31 | $78.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Security National Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1133.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $184.90 Million | 85.57% |
| Common Stock | $16.47 Million | 7.62% |
| Other Comprehensive Income | $-22.25 Million | -10.30% |
| Other Components | $36.97 Million | 17.11% |
| Total Equity | $216.09 Million | 100.00% |
Security National Corporation Competitors by Market Cap
The table below lists competitors of Security National Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OREGE EO-25
F:4ZF
|
$1.56 Million |
|
DANAHER (DAP.SG)
STU:DAP
|
$1.56 Million |
|
Mcig Inc
PINK:BTZI
|
$1.56 Million |
|
ZhongDe Waste Technology AG
F:ZEF
|
$1.56 Million |
|
MoneyHero Limited Warrants
NASDAQ:MNYWW
|
$1.56 Million |
|
Adslot Ltd
AU:ADS
|
$1.56 Million |
|
Palred Technologies Limited
NSE:PALREDTEC
|
$1.56 Million |
|
DANAHER - Dusseldorf Stock Exchang
DU:DAP
|
$1.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Security National Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 200,832,000 to 216,090,000, a change of 15,258,000 (7.6%).
- Net income of 26,209,000 contributed positively to equity growth.
- Dividend payments of 13,259,000 reduced retained earnings.
- Share repurchases of 2,500,000 reduced equity.
- Other comprehensive income increased equity by 4,211,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.21 Million | +12.13% |
| Dividends Paid | $13.26 Million | -6.14% |
| Share Repurchases | $2.50 Million | -1.16% |
| Other Comprehensive Income | $4.21 Million | +1.95% |
| Other Changes | $597.00K | +0.28% |
| Total Change | $- | 7.60% |
Book Value vs Market Value Analysis
This analysis compares Security National Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.67x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $97.23 | $162.00 | x |
| 2020-12-31 | $108.82 | $162.00 | x |
| 2021-12-31 | $112.99 | $162.00 | x |
| 2022-12-31 | $107.36 | $162.00 | x |
| 2023-12-31 | $120.69 | $162.00 | x |
| 2024-12-31 | $130.33 | $162.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Security National Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.60%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.56x
- Recent ROE (12.13%) is below the historical average (13.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.98% | 18.09% | 0.08x | 9.83x | $3.89 Million |
| 2001 | 15.61% | 18.94% | 0.08x | 10.42x | $4.26 Million |
| 2002 | 14.84% | 363.15% | 0.04x | 1.04x | $4.14 Million |
| 2019 | 12.18% | 28.43% | 0.05x | 8.48x | $3.79 Million |
| 2020 | 10.26% | 26.93% | 0.04x | 9.47x | $498.00K |
| 2021 | 11.47% | 31.25% | 0.04x | 10.00x | $2.88 Million |
| 2022 | 15.13% | 34.18% | 0.04x | 10.02x | $9.26 Million |
| 2023 | 13.75% | 28.40% | 0.05x | 9.02x | $7.53 Million |
| 2024 | 12.13% | 24.60% | 0.06x | 8.56x | $4.60 Million |
Industry Comparison
This section compares Security National Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Security National Corporation (SNLC) | $88.49 Million | 14.98% | 8.27x | $1.56 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |