Farmers Bank in Windsor, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers Bank - Overview

  • General
  • FDIC Certificate #: 2429
    Status: Active
    Federal Reserve ID: 619327
    Date Established: November 15, 1919
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 77Total employees (full-time equivalent)
  • $423,749Total assets
  • $6,657Cash and due from depository institutions
  • $948Interest-bearing balances
  • $171,966Securities
  • $1,068Federal funds sold & reverse repurchase agreements
  • $223,421Net loans & leases
  • $8,816Loan loss allowance
  • $0Trading account assets
  • $4,919Bank premises and fixed assets
  • $2,337Other real estate owned
  • $0Goodwill and other intangibles
  • $423,749Life insurance assets
  • $13,381All other assets
  • $384,459Total liabilities and capital
  • $341,733Total liabilities
  • $291,289Total deposits
  • $341,733Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 936.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,000Trading liabilities
  • $0Other borrowed funds
  • $1,790Subordinated debt
  • $39,290All other liabilities
  • $39,290Total equity capital
  • $39,290Total bank equity capital
  • $9,014Perpetual preferred stock
  • $379Common stock
  • $2,614Surplus
  • $27,283Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,274Income earned, not collected on loans
  • $0Earning assets
  • $1,995Long-term assets (5+ years)
  • $397,403Average Assets, year-to-date
  • $194,376Average Assets, quarterly
  • $445,641Volatile liabilities
  • $431,558Insider loans
  • $243,038FHLB advances
  • $438,845Loans and leases held for sale
  • $5,398Unused loan commitments
  • $5,398Tier 1 (core) risk-based capital
  • $35,504Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,900Restructured Loans and leases
  • $5,233Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,620Total interest income
  • $6,656Total interest expense
  • $12,964Net interest income
  • $3,965Provision for loan and lease losses
  • -$20Total noninterest income
  • $0Fiduciary activities
  • $319Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$339Additional noninterest income
  • $9,232Total noninterest expense
  • $4,425Salaries and employee benefits
  • $1,272Premises and equipment expense
  • $3,535Additional noninterest expense
  • -$253Pre-tax net operating income
  • $1,708Securities gains (losses)
  • $239Applicable income taxes
  • $1,216Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,216Net income attributable to bank
  • $0Net charge-offs
  • $1,216Cash dividends
  • $5,074Sale, conversion, retirement of capital stock, net
  • $628Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 3.08%Net interest margin
  • -0.00%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 3.30%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 2.17%Net charge-offs to loans
  • 78.14%Credit loss provision to net charge-offs
  • 0.73%Efficiency ratio
  • 71,323Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.64%Loss allowance to loans
  • 3.80%Loss allowance to noncurrent loans
  • 140.52%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 65.38%Net loans and leases to core deposits
  • 74.55%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 14.61%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $445,641Average earning assets
  • $36,815Average equity
  • $420,476Average loans

List of branches

  • 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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