Farmers Bank in Parsons, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers Bank in Parsons, Tennessee (TN)
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Farmers Bank - Overview

  • General
  • FDIC Certificate #: 8661
    Status: Active
    Federal Reserve ID: 524757
    Bank Holding Company (Regulatory Top Holder): Townsend Financial Corporation (RSSDID: 1095807, Location: Parsons, TN)
    Date Established: March 09, 1907
    WWW: http://www.farmers-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12373
    FDIC's unique #: 5521
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 08, 2008
    Last Structure Change Process Date: September 09, 2008
    Last Data Update: September 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 29 East Main Street, Parsons, TN 38363
    County: Decatur
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $36.7 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $32.3 mil
    Return on assets (ROA): 0.48% ($0.2 mil)
    Quarterly return on assets: 0.41% ($0.2 mil)
    Return on Equity (ROE): 4.26% ($0.2 mil)
    Quarterly return on equity: 3.57% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.64% ($234.6 mil)
    Quarterly Pretax return on assets: 0.72% ($263.9 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
  • 18Total employees (full-time equivalent)
  • $36,658Total assets
  • $7,175Cash and due from depository institutions
  • $5,500Interest-bearing balances
  • $5,086Securities
  • $3,840Federal funds sold & reverse repurchase agreements
  • $19,089Net loans & leases
  • $355Loan loss allowance
  • $0Trading account assets
  • $665Bank premises and fixed assets
  • $107Other real estate owned
  • $0Goodwill and other intangibles
  • $36,658Life insurance assets
  • $696All other assets
  • $32,500Total liabilities and capital
  • $32,250Total liabilities
  • $25,662Total deposits
  • $32,250Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17Trading liabilities
  • $0Other borrowed funds
  • $233Subordinated debt
  • $4,158All other liabilities
  • $4,158Total equity capital
  • $4,158Total bank equity capital
  • $0Perpetual preferred stock
  • $428Common stock
  • $428Surplus
  • $3,302Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $184Income earned, not collected on loans
  • $0Earning assets
  • $167Long-term assets (5+ years)
  • $33,515Average Assets, year-to-date
  • $8,059Average Assets, quarterly
  • $37,013Volatile liabilities
  • $36,324Insider loans
  • $17,806FHLB advances
  • $35,861Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,030Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $51Restructured Loans and leases
  • $3Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,723Total interest income
  • $329Total interest expense
  • $1,394Net interest income
  • $60Provision for loan and lease losses
  • $164Total noninterest income
  • $0Fiduciary activities
  • $123Service charges on deposit accounts
  • $0Trading account gains & fees
  • $41Additional noninterest income
  • $1,261Total noninterest expense
  • $696Salaries and employee benefits
  • $245Premises and equipment expense
  • $320Additional noninterest expense
  • $237Pre-tax net operating income
  • $0Securities gains (losses)
  • $58Applicable income taxes
  • $179Income before extraordinary items
  • $0Extraordinary gains - net
  • $179Net income attributable to bank
  • $0Net charge-offs
  • $179Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.26%Return on equity (ROE)
  • -1.69%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 81.08%Credit loss provision to net charge-offs
  • 4.01%Efficiency ratio
  • 80,937Assets per employee
  • 2.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 139.66%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 192.93%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 59.19%Net loans and leases to core deposits
  • 62.00%Equity capital to assets
  • 11.34%Core capital (leverage) ratio
  • 11.24%Tier 1 risk-based capital ratio
  • 22.63%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $37,013Average earning assets
  • $4,207Average equity
  • $34,049Average loans

List of branches

  • 1 Tennessee Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05521Farmers Bank29 East Main Street, Parsons, TN 38363March 09, 1907Full Service Brick and Mortar

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