Farmers Bank & Trust Company in Magnolia, Arkansas (AR)

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Farmers Bank & Trust Company
GeneralFDIC Certificate #: 1291
Status: Active
Federal Reserve ID: 12946
Bank Holding Company (Regulatory Top Holder): Magnolia Banking Corporation (RSSDID: 1135413, Location: Magnolia, AR)
Date Established: January 01, 1906
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 10472
FDIC's unique #: 867
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 05, 2008
Last Structure Change Process Date: November 05, 2008
Last Data Update: November 05, 2008
Data Source Date: April 05, 2012
LocationAddress: 200 East Main, Magnolia, AR 71753
County: Columbia
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Magnolia, AR (#31620)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial SummaryTotal assets: $734.1 mil
Equity capital: $75.9 mil
Deposits held in domestic offices: $634.1 mil
Return on assets (ROA): 1.45% ($10.6 mil)
Quarterly return on assets: 1.50% ($11.0 mil)
Return on Equity (ROE): 14.27% ($10.8 mil)
Quarterly return on equity: 14.50% ($11.0 mil)
Net income: $10.2 mil
Quarterly Net income: $2.7 mil
Pretax return on assets: 1.45% ($10,644.1 mil)
Quarterly Pretax return on assets: 1.50% ($11,011.1 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)157
Total assets$734,076
Cash and due from depository institutions$12,849
Interest-bearing balances$2,290
Federal funds sold & reverse repurchase agreements$2,724
Net loans & leases$500,470
Loan loss allowance $10,811
Trading account assets$0
Bank premises and fixed assets$11,978
Other real estate owned$6,459
Goodwill and other intangibles$10,656
All other assets$20,645
Life insurance assets$734,076
Total liabilities and capital$658,212
Total liabilities$634,089
Total deposits$565,371
Interest-bearing deposits$634,089
Deposits held in domestic offices$76
% insured (estimated)1000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,466
Other borrowed funds $0
Subordinated debt $5,657
All other liabilities $75,864
Total equity capital$75,864
Total bank equity capital$75,864
Perpetual preferred stock$0
Common stock$1
Undivided profits $58,744
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $121
Income earned, not collected on loans $12,067
Earning assets $343
Long-term assets (5+ years) $3,722
Average Assets, year-to-date $673,779
Average Assets, quarterly $180,530
Volatile liabilities $703,717
Insider loans $725,371
FHLB advances $510,611
Loans and leases held for sale $694,555
Unused loan commitments $11,312
Tier 1 (core) risk-based capital $1,085
Tier 2 risk-based capital $64,230
Total risk weighted assets $10,227
Total unused commitments $0
Restructured Loans and leases $55,117
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $34,546
Total interest expense $7,198
Net interest income $27,348
Provision for loan and lease losses $5,662
Total noninterest income $4,899
Fiduciary activities $298
Service charges on deposit accounts $2,628
Trading account gains & fees $0
Additional noninterest income $1,973
Total noninterest expense $16,419
Salaries and employee benefits $8,406
Premises and equipment expense $2,183
Additional noninterest expense $5,830
Pre-tax net operating income $10,166
Securities gains (losses) $8
Applicable income taxes $0
Income before extraordinary items $10,174
Extraordinary gains - net $0
Net income attributable to bank $10,174
Net charge-offs $0
Cash dividends $10,174
Sale, conversion, retirement of capital stock, net $3,144
Net operating income $3,525
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 1.12%
Net interest margin 4.25%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 2.55%
Net operating income to assets 1.44%
Return on assets (ROA) 1.45%
Pretax return on assets 1.45%
Return on equity (ROE) 14.27%
Retained earnings to average equity (YTD only) 9.33%
Net charge-offs to loans 0.61%
Credit loss provision to net charge-offs 180.09%
Efficiency ratio5.03%
Assets per employee$48,867
Cash dividends to net income (YTD only)4.68%
Condition Ratios (%)
Loss allowance to loans 34.65%
Loss allowance to noncurrent loans 2.11%
Noncurrent assets plus other real estate owned to assets 89.59%
Noncurrent loans to loans 2.52%
Net loans and leases to deposits2.36%
Net loans and leases to core deposits 78.93%
Equity capital to assets 105.00%
Core capital (leverage) ratio 10.33%
Tier 1 risk-based capital ratio 9.25%
Total risk-based capital ratio 12.58%
Average assets$14
Average earning assets$703,717
Average equity $71,297
Average loans $643,673
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$82,804
Number of Accounts1
Personal trust and agency accounts$49,712
Employee benefit-defined contribution accounts$15,779
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$803
Investment management agency accounts$11,771
Other fiduciary accounts$4,005
Fiduciary accounts held in foreign offices$17,354
Non-managed Assets$0
Number of Accounts267
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$803
Employee benefit-defined benefit accounts$0
Other retirement accounts$33,092
Corporate trust and agency accounts$3,372
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$21,214
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13 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0867Farmers Bank & Trust Company200 East Main, Magnolia, AR 71753January 01, 1906Full Service Brick and Mortar
1189269Drive-In Branch205 East Main, Magnolia, AR 71753April 09, 1975Limited Service Facility
2189270Farmers Motor Branch1128 East Main, Magnolia, AR 71753October 01, 1981Limited Service Facility
5189272University Branch2106 North Jackson, Magnolia, AR 71753October 11, 1994Limited Service Facility
6189273Arkla Branch15064 Highway 132, Taylor, AR 71861September 19, 1994Full Service Brick and Mortar
78880Jefferson/Camden Branch116 Jefferson Street, S.W., Camden, AR 71701January 01, 1934Full Service Brick and Mortar
9231196West Washington Branch1140 Washington Street, N.W., Camden, AR 71701January 26, 1966Limited Service Facility
11429942Trust Department Branch217 E. Union St., Magnolia, AR 71753May 21, 2004Limited Service Trust
13443359Cardinal Branch1125 Fairview Road, Camden, AR 71701August 27, 2004Limited Service Facility
14443360East Camden Branch536 Highway 274, Camden, AR 71701August 27, 2004Limited Service Facility
1547141Malvern Branch521 East Page, Malvern, AR 72104October 09, 1959Full Service Brick and Mortar
16289627Rockport Branch1929 Oliver Lancaster Blvd., Malvern, AR 72104September 08, 1997Full Service Brick and Mortar
17430174Haskell Branch112 N. Hwy 229, Haskell, AR 72015July 19, 2004Full Service Brick and Mortar
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