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)
  • Show street view No street view available for this location

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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