Farmers Bank in Ault, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers Bank in Ault, Colorado (CO)
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Farmers Bank - Overview

  • General
  • FDIC Certificate #: 57335
    Status: Active
    Federal Reserve ID: 3020447
    Bank Holding Company (Regulatory Top Holder): Farmers Bank Holding Company (RSSDID: 3020438, Location: Ault, CO)
    Date Established: December 28, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 362098
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: December 28, 2001
    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: 119 First Street, Ault, CO 80610
    County: Weld
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Greeley, CO (#3060)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Greeley, CO (#24540)
    CBSA Metro Statistical Area: Greeley, CO (#24540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $233.5 mil
    Equity capital: $24.5 mil
    Deposits held in domestic offices: $203.7 mil
    Return on assets (ROA): 0.93% ($2.2 mil)
    Quarterly return on assets: 1.33% ($3.1 mil)
    Return on Equity (ROE): 9.95% ($2.4 mil)
    Quarterly return on equity: 13.10% ($3.1 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.93% ($2,171.8 mil)
    Quarterly Pretax return on assets: 1.33% ($3,106.0 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
  • 30Total employees (full-time equivalent)
  • $233,531Total assets
  • $16,646Cash and due from depository institutions
  • $13,394Interest-bearing balances
  • $12,752Securities
  • $3,845Federal funds sold & reverse repurchase agreements
  • $175,372Net loans & leases
  • $4,352Loan loss allowance
  • $0Trading account assets
  • $1,205Bank premises and fixed assets
  • $18,944Other real estate owned
  • $0Goodwill and other intangibles
  • $233,531Life insurance assets
  • $4,767All other assets
  • $209,048Total liabilities and capital
  • $203,715Total liabilities
  • $183,550Total deposits
  • $203,715Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $333Subordinated debt
  • $24,483All other liabilities
  • $24,483Total equity capital
  • $24,483Total bank equity capital
  • $0Perpetual preferred stock
  • $1,949Common stock
  • $16,250Surplus
  • $6,284Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,407Income earned, not collected on loans
  • $0Earning assets
  • $1,384Long-term assets (5+ years)
  • $205,363Average Assets, year-to-date
  • $5,392Average Assets, quarterly
  • $244,524Volatile liabilities
  • $237,193Insider loans
  • $196,433FHLB advances
  • $239,763Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,420Restructured Loans and leases
  • $5,299Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,527Total interest income
  • $2,576Total interest expense
  • $8,951Net interest income
  • $1,385Provision for loan and lease losses
  • $317Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $92Additional noninterest income
  • $5,599Total noninterest expense
  • $2,494Salaries and employee benefits
  • $369Premises and equipment expense
  • $2,736Additional noninterest expense
  • $2,284Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,284Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,284Net income attributable to bank
  • $0Net charge-offs
  • $2,284Cash dividends
  • $1,606Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 9.95%Return on equity (ROE)
  • 9.95%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 86.24%Credit loss provision to net charge-offs
  • 2.28%Efficiency ratio
  • 59,549Assets per employee
  • 7.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 41.82%Noncurrent assets plus other real estate owned to assets
  • 12.57%Noncurrent loans to loans
  • 5.79%Net loans and leases to deposits
  • 86.09%Net loans and leases to core deposits
  • 139.50%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 10.17%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $244,524Average earning assets
  • $22,959Average equity
  • $217,837Average loans

List of branches

  • 2 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362098Farmers Bank119 First Street, Ault, CO 80610December 28, 2001Full Service Brick and Mortar
    2463125713 South Lemay Branch713 South Lemay, Fort Collins, CO 80524May 01, 2007Full Service Brick and Mortar

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