Farm Bureau Bank FSB in Sparks, Nevada (NV), TX



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Farm Bureau Bank FSB
GeneralFDIC Certificate #: 35157
Status: Active
Federal Reserve ID: 2819167
Date Established: July 12, 1999
WWW: http://www.farmbureaubank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: Yes)
OTS Docket #: 15205
FDIC's unique #: 75154
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Consumer Lending Specialization
Date of Deposit Insurance: July 12, 1999
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 2165 Green Vista Drive, Sparks, NV 89431
County: Washoe
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Dallas
FDIC Field Office: Phoenix
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Reno, NV (#6720)
Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456)
Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900)
CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $580.9 mil
Equity capital: $66.2 mil
Deposits held in domestic offices: $487.1 mil
Return on assets (ROA): 0.65% ($3.8 mil)
Quarterly return on assets: 0.44% ($2.6 mil)
Return on Equity (ROE): 6.44% ($4.3 mil)
Quarterly return on equity: 3.87% ($2.6 mil)
Net income: $3.7 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.06% ($6,157.4 mil)
Quarterly Pretax return on assets: 0.73% ($4,240.5 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)103
Total assets$580,888
Cash and due from depository institutions$13,686
Interest-bearing balances$12,149
Securities$26,312
Federal funds sold & reverse repurchase agreements$131
Net loans & leases$511,982
Loan loss allowance $7,483
Trading account assets$0
Bank premises and fixed assets$5,371
Other real estate owned$0
Goodwill and other intangibles$4,858
All other assets$18,548
Life insurance assets$580,888
Total liabilities and capital$514,738
Total liabilities$487,056
Total deposits$479,438
Interest-bearing deposits$487,056
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$21,999
Other borrowed funds $0
Subordinated debt $5,683
All other liabilities $66,150
Total equity capital$66,150
Total bank equity capital$66,150
Perpetual preferred stock$0
Common stock$1
Surplus$65,684
Undivided profits $465
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,329
Earning assets $0
Long-term assets (5+ years) $1,948
Average Assets, year-to-date $550,574
Average Assets, quarterly $0
Volatile liabilities $568,916
Insider loans $575,618
FHLB advances $493,129
Loans and leases held for sale $579,476
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $64,738
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $985,154
Derivatives$793
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $31,286
Total interest expense $8,421
Net interest income $22,865
Provision for loan and lease losses $4,754
Total noninterest income $7,253
Fiduciary activities $0
Service charges on deposit accounts $321
Trading account gains & fees $0
Additional noninterest income $6,932
Total noninterest expense $19,347
Salaries and employee benefits $8,855
Premises and equipment expense $2,458
Additional noninterest expense $8,034
Pre-tax net operating income $6,017
Securities gains (losses) $0
Applicable income taxes $2,342
Income before extraordinary items $3,675
Extraordinary gains - net $0
Net income attributable to bank $3,675
Net charge-offs $0
Cash dividends $3,675
Sale, conversion, retirement of capital stock, net $8,737
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.81%
Cost of funding earning assets 1.56%
Net interest margin 4.25%
Noninterest income to earning assets 1.35%
Noninterest expense to earning assets 3.59%
Net operating income to assets 0.65%
Return on assets (ROA) 0.65%
Pretax return on assets 1.06%
Return on equity (ROE) 6.44%
Retained earnings to average equity (YTD only) 6.44%
Net charge-offs to loans 1.73%
Credit loss provision to net charge-offs 54.41%
Efficiency ratio1.23%
Assets per employee$61,641
Cash dividends to net income (YTD only)5.64%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 321.30%
Noncurrent loans to loans 0.40%
Net loans and leases to deposits0.45%
Net loans and leases to core deposits 105.12%
Equity capital to assets 193.73%
Core capital (leverage) ratio 11.39%
Tier 1 risk-based capital ratio 11.17%
Total risk-based capital ratio 13.13%
Memoranda
Average assets$14
Average earning assets$568,916
Average equity $57,040
Average loans $538,167
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1 Nevada Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
075154Farm Bureau Bank Fsb2165 Green Vista Drive, Sparks, NV 89431July 12, 1999Full Service Brick and Mortar
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1450425San Antonio Branch17300 Henderson Pass, San Antonio, TX 78232April 12, 2004Full Service Brick and Mortar
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