Farm Bureau Bank FSB in Sparks, Nevada (NV), TX
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 103Total employees (full-time equivalent)
  • $580,888Total assets
  • $13,686Cash and due from depository institutions
  • $12,149Interest-bearing balances
  • $26,312Securities
  • $131Federal funds sold & reverse repurchase agreements
  • $511,982Net loans & leases
  • $7,483Loan loss allowance
  • $0Trading account assets
  • $5,371Bank premises and fixed assets
  • $0Other real estate owned
  • $4,858Goodwill and other intangibles
  • $580,888Life insurance assets
  • $18,548All other assets
  • $514,738Total liabilities and capital
  • $487,056Total liabilities
  • $479,438Total deposits
  • $487,056Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,999Trading liabilities
  • $0Other borrowed funds
  • $5,683Subordinated debt
  • $66,150All other liabilities
  • $66,150Total equity capital
  • $66,150Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $65,684Surplus
  • $465Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,329Income earned, not collected on loans
  • $0Earning assets
  • $1,948Long-term assets (5+ years)
  • $550,574Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $568,916Volatile liabilities
  • $575,618Insider loans
  • $493,129FHLB advances
  • $579,476Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $64,738Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $985,154Restructured Loans and leases
  • $793Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,286Total interest income
  • $8,421Total interest expense
  • $22,865Net interest income
  • $4,754Provision for loan and lease losses
  • $7,253Total noninterest income
  • $0Fiduciary activities
  • $321Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,932Additional noninterest income
  • $19,347Total noninterest expense
  • $8,855Salaries and employee benefits
  • $2,458Premises and equipment expense
  • $8,034Additional noninterest expense
  • $6,017Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,342Applicable income taxes
  • $3,675Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,675Net income attributable to bank
  • $0Net charge-offs
  • $3,675Cash dividends
  • $8,737Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 6.44%Return on equity (ROE)
  • 6.44%Retained earnings to average equity (YTD only)
  • 1.73%Net charge-offs to loans
  • 54.41%Credit loss provision to net charge-offs
  • 1.23%Efficiency ratio
  • 61,641Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 321.30%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 105.12%Net loans and leases to core deposits
  • 193.73%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 11.17%Tier 1 risk-based capital ratio
  • 13.13%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $568,916Average earning assets
  • $57,040Average equity
  • $538,167Average loans

List of branches

  • 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
  • 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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