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- Banks in South Dakota (SD)
- Farmers National Bank
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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- Banks in South Dakota (SD)
- Farmers National Bank
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