Farmers National Bank in Viborg, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1996

Farmers National Bank in Viborg, South Dakota (SD)
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Farmers National Bank - Overview

General
FDIC Certificate #: 16406
Status: Inactive
Closing history: Corrections
Acquiring institution: Wells Fargo Bank South Dakota, National Association (#15277)
Federal Reserve ID: 296250
Date Established: April 20, 1946
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 10582
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 20, 1946
Last Structure Change Effective Date: Febuary 01, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 22, 1996
Data Source Date: April 05, 2012
Location
Address: 201 North Main Street, Viborg, SD 57070
County: Turner
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $36.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$36,853Cash and due from depository institutions
$1,478Interest-bearing balances
$200Securities
$7,053Federal funds sold & reverse repurchase agreements
$2,125Net loans & leases
$24,888Loan loss allowance
$465Trading account assets
$0Bank premises and fixed assets
$207Other real estate owned
$0Goodwill and other intangibles
$1,102Life insurance assets
$0All other assets
$0Total liabilities and capital
$36,853Total liabilities
$32,131Total deposits
$31,640Interest-bearing deposits
$27,792Deposits held in domestic offices
31640.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$491Total equity capital
$491Total bank equity capital
$4,722Perpetual preferred stock
$0Common stock
$206Surplus
$1,394Undivided profits
Memoranda
$3,122Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$949Income earned, not collected on loans
$979Earning assets
$34,266Long-term assets (5+ years)
$4,168Average Assets, year-to-date
$36,334Average Assets, quarterly
$36,213Volatile liabilities
$1,339Insider loans
$79FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,893Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,560Total risk weighted assets
$27,996Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,084Total interest expense
$1,119Net interest income
$1,965Provision for loan and lease losses
$120Total noninterest income
$270Fiduciary activities
$0Service charges on deposit accounts
$215Trading account gains & fees
$0Additional noninterest income
$55Total noninterest expense
$1,251Salaries and employee benefits
$780Premises and equipment expense
$107Additional noninterest expense
$364Pre-tax net operating income
$864Securities gains (losses)
$17Applicable income taxes
$121Income before extraordinary items
$760Extraordinary gains - net
$0Net income attributable to bank
$760Net charge-offs
$136Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.10%Cost of funding earning assets
3.30%Net interest margin
5.80%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
3.69%Net operating income to assets
2.05%Return on assets (ROA)
2.09%Pretax return on assets
2.42%Return on equity (ROE)
17.55%Retained earnings to average equity (YTD only)
17.55%Net charge-offs to loans
0.52%Credit loss provision to net charge-offs
88.24%Efficiency ratio
55,973Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
49.00%Noncurrent assets plus other real estate owned to assets
2.58%Noncurrent loans to loans
3.74%Net loans and leases to deposits
78.66%Net loans and leases to core deposits
82.14%Equity capital to assets
12.81%Core capital (leverage) ratio
12.32%Tier 1 risk-based capital ratio
16.29%Total risk-based capital ratio
Memoranda
$18Average assets
$36,334Average earning assets
$4,330Average equity
$33,883Average loans

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