Farmers Savings Bank in Wever, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 10500
    Status: Active
    Federal Reserve ID: 380346
    Bank Holding Company (Regulatory Top Holder): Fsb Bancorp (RSSDID: 1889846, Location: Wever, IA)
    Date Established: October 09, 1908
    WWW: http://www.fsbwever.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15411
    FDIC's unique #: 6720
    Numeric code: 21
    Regulator: FDIC
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3542 168th Street, Wever, IA 52658
    County: Lee
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Madison-Keokuk, IA-MO (#22800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $92.7 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $76.6 mil
    Return on assets (ROA): 1.14% ($1.1 mil)
    Quarterly return on assets: 0.66% ($0.6 mil)
    Return on Equity (ROE): 13.51% ($1.2 mil)
    Quarterly return on equity: 7.10% ($0.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.66% ($1,539.3 mil)
    Quarterly Pretax return on assets: 0.88% ($816.0 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
  • 20Total employees (full-time equivalent)
  • $92,728Total assets
  • $5,680Cash and due from depository institutions
  • $337Interest-bearing balances
  • $10,903Securities
  • $3,200Federal funds sold & reverse repurchase agreements
  • $69,711Net loans & leases
  • $1,136Loan loss allowance
  • $0Trading account assets
  • $1,486Bank premises and fixed assets
  • $289Other real estate owned
  • $0Goodwill and other intangibles
  • $92,728Life insurance assets
  • $1,459All other assets
  • $84,134Total liabilities and capital
  • $76,554Total liabilities
  • $67,081Total deposits
  • $76,554Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,399Trading liabilities
  • $0Other borrowed funds
  • $181Subordinated debt
  • $8,594All other liabilities
  • $8,594Total equity capital
  • $8,594Total bank equity capital
  • $0Perpetual preferred stock
  • $68Common stock
  • $1,627Surplus
  • $6,899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $488Income earned, not collected on loans
  • $0Earning assets
  • $707Long-term assets (5+ years)
  • $84,151Average Assets, year-to-date
  • $15,385Average Assets, quarterly
  • $88,906Volatile liabilities
  • $91,318Insider loans
  • $62,523FHLB advances
  • $91,541Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,347Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,814Restructured Loans and leases
  • $1,881Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,843Total interest income
  • $1,104Total interest expense
  • $3,739Net interest income
  • $210Provision for loan and lease losses
  • $2Total noninterest income
  • $2Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$218Additional noninterest income
  • $2,059Total noninterest expense
  • $1,118Salaries and employee benefits
  • $295Premises and equipment expense
  • $646Additional noninterest expense
  • $1,472Pre-tax net operating income
  • $0Securities gains (losses)
  • $457Applicable income taxes
  • $1,015Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,015Net income attributable to bank
  • $0Net charge-offs
  • $1,015Cash dividends
  • $48Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 13.51%Return on equity (ROE)
  • 13.51%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 437.50%Credit loss provision to net charge-offs
  • 35.04%Efficiency ratio
  • 55,039Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 232.79%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 91.06%Net loans and leases to core deposits
  • 92.33%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 13.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $88,906Average earning assets
  • $7,515Average equity
  • $81,646Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,433Managed Assets
  • 1Number of Accounts
  • $1,433Personal trust and agency accounts
  • $1,433Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06720Farmers Savings Bank3542 168th Street, Wever, IA 52658October 09, 1908Full Service Brick and Mortar
    1222459Denmark BranchHighway 16, Denmark, IA 52624May 01, 1935Full Service Brick and Mortar
    2465189Farmers Savings Bank Branch3131 Sunnyside Avenue, Burlington, IA 52601June 30, 2007Full Service Brick and Mortar

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