Farmers Bank in Windsor, Virginia (VA)



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Farmers Bank routing number info

Table of contents:
Farmers Bank
GeneralFDIC Certificate #: 2429
Status: Active
Federal Reserve ID: 619327
Date Established: November 15, 1919
WWW: http://www.farmersbankva.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 1595
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 50 East Windsor Boulevard, Windsor, VA 23487
County: Isle Of Wight
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $423.7 mil
Equity capital: $39.3 mil
Deposits held in domestic offices: $341.7 mil
Return on assets (ROA): 0.27% ($1.1 mil)
Quarterly return on assets: 0.53% ($2.2 mil)
Return on Equity (ROE): 3.30% ($1.3 mil)
Quarterly return on equity: 5.91% ($2.3 mil)
Net income: $1.2 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.33% ($1,398.4 mil)
Quarterly Pretax return on assets: 0.66% ($2,796.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)77
Total assets$423,749
Cash and due from depository institutions$6,657
Interest-bearing balances$948
Securities$171,966
Federal funds sold & reverse repurchase agreements$1,068
Net loans & leases$223,421
Loan loss allowance $8,816
Trading account assets$0
Bank premises and fixed assets$4,919
Other real estate owned$2,337
Goodwill and other intangibles$0
All other assets$13,381
Life insurance assets$423,749
Total liabilities and capital$384,459
Total liabilities$341,733
Total deposits$291,289
Interest-bearing deposits$341,733
Deposits held in domestic offices$92
% insured (estimated)936.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$40,000
Other borrowed funds $0
Subordinated debt $1,790
All other liabilities $39,290
Total equity capital$39,290
Total bank equity capital$39,290
Perpetual preferred stock$9,014
Common stock$379
Surplus$2,614
Undivided profits $27,283
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 $6,274
Earning assets $0
Long-term assets (5+ years) $1,995
Average Assets, year-to-date $397,403
Average Assets, quarterly $194,376
Volatile liabilities $445,641
Insider loans $431,558
FHLB advances $243,038
Loans and leases held for sale $438,845
Unused loan commitments $5,398
Tier 1 (core) risk-based capital $5,398
Tier 2 risk-based capital $35,504
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $42,900
Derivatives$5,233
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,620
Total interest expense $6,656
Net interest income $12,964
Provision for loan and lease losses $3,965
Total noninterest income -$20
Fiduciary activities $0
Service charges on deposit accounts $319
Trading account gains & fees $0
Additional noninterest income -$339
Total noninterest expense $9,232
Salaries and employee benefits $4,425
Premises and equipment expense $1,272
Additional noninterest expense $3,535
Pre-tax net operating income -$253
Securities gains (losses) $1,708
Applicable income taxes $239
Income before extraordinary items $1,216
Extraordinary gains - net $0
Net income attributable to bank $1,216
Net charge-offs $0
Cash dividends $1,216
Sale, conversion, retirement of capital stock, net $5,074
Net operating income $628
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.67%
Cost of funding earning assets 1.58%
Net interest margin 3.08%
Noninterest income to earning assets -0.00%
Noninterest expense to earning assets 2.20%
Net operating income to assets -0.05%
Return on assets (ROA) 0.27%
Pretax return on assets 0.33%
Return on equity (ROE) 3.30%
Retained earnings to average equity (YTD only) 1.60%
Net charge-offs to loans 2.17%
Credit loss provision to net charge-offs 78.14%
Efficiency ratio0.73%
Assets per employee$71,323
Cash dividends to net income (YTD only)5.50%
Condition Ratios (%)
Loss allowance to loans 51.64%
Loss allowance to noncurrent loans 3.80%
Noncurrent assets plus other real estate owned to assets 140.52%
Noncurrent loans to loans 2.03%
Net loans and leases to deposits2.70%
Net loans and leases to core deposits 65.38%
Equity capital to assets 74.55%
Core capital (leverage) ratio 9.27%
Tier 1 risk-based capital ratio 8.09%
Total risk-based capital ratio 14.61%
Memoranda
Average assets$16
Average earning assets$445,641
Average equity $36,815
Average loans $420,476
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5 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01595Farmers Bank50 East Windsor Boulevard, Windsor, VA 23487November 15, 1919Full Service Brick and Mortar
2192654Smithfield Branch1119 South Church Street, Smithfield, VA 23430December 12, 1994Full Service Brick and Mortar
3364397Lakeside Branch1008 West Washington Street, Suffolk, VA 23434March 01, 2002Full Service Brick and Mortar
4441958Hillpoint Branch3100 Godwin Blvd, Suffolk, VA 23434November 15, 2004Full Service Brick and Mortar
5496434College Drive Branch6255 College Drive, Suite L, Suffolk, VA 23435November 04, 2009Full Service Brick and Mortar
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