Farmers Savings Bank in Mineral Point, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 13025
    Status: Active
    Federal Reserve ID: 205346
    Bank Holding Company (Regulatory Top Holder): Southern Wisconsin Bancshares Corporation (RSSDID: 1207338, Location: Inverness, IL)
    Date Established: January 01, 1917
    WWW: http://www.farmerssavings.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11920
    FDIC's unique #: 8231
    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: Yes
    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: 305 Doty Street, Mineral Point, WI 53565
    County: Iowa
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
    Core Based Statistical Area (CBSA): Madison, WI (#31540)
    CBSA Metro Statistical Area: Madison, WI (#31540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $229.4 mil
    Equity capital: $20.1 mil
    Deposits held in domestic offices: $207.1 mil
    Return on assets (ROA): 1.27% ($2.9 mil)
    Quarterly return on assets: 1.26% ($2.9 mil)
    Return on Equity (ROE): 14.70% ($2.9 mil)
    Quarterly return on equity: 14.27% ($2.9 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.27% ($2,913.5 mil)
    Quarterly Pretax return on assets: 1.26% ($2,890.6 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
  • 48Total employees (full-time equivalent)
  • $229,411Total assets
  • $13,699Cash and due from depository institutions
  • $6,377Interest-bearing balances
  • $61,152Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $145,892Net loans & leases
  • $3,130Loan loss allowance
  • $0Trading account assets
  • $4,620Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $229,411Life insurance assets
  • $4,048All other assets
  • $209,361Total liabilities and capital
  • $207,119Total liabilities
  • $171,058Total deposits
  • $207,119Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1478.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $764Subordinated debt
  • $20,050All other liabilities
  • $20,050Total equity capital
  • $20,050Total bank equity capital
  • $0Perpetual preferred stock
  • $563Common stock
  • $6,000Surplus
  • $13,487Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,093Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $912Income earned, not collected on loans
  • $0Earning assets
  • $1,098Long-term assets (5+ years)
  • $213,421Average Assets, year-to-date
  • $32,910Average Assets, quarterly
  • $225,698Volatile liabilities
  • $227,476Insider loans
  • $130,759FHLB advances
  • $223,435Loans and leases held for sale
  • $145Unused loan commitments
  • $145Tier 1 (core) risk-based capital
  • $18,591Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,024Restructured Loans and leases
  • $2,369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,691Total interest income
  • $1,577Total interest expense
  • $7,114Net interest income
  • $500Provision for loan and lease losses
  • $1,540Total noninterest income
  • $0Fiduciary activities
  • $418Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,122Additional noninterest income
  • $4,632Total noninterest expense
  • $2,449Salaries and employee benefits
  • $537Premises and equipment expense
  • $1,646Additional noninterest expense
  • $3,522Pre-tax net operating income
  • -$656Securities gains (losses)
  • $0Applicable income taxes
  • $2,866Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,866Net income attributable to bank
  • $0Net charge-offs
  • $2,866Cash dividends
  • $47Sale, conversion, retirement of capital stock, net
  • $2,301Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.56%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 14.70%Return on equity (ROE)
  • 2.90%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1063.83%Credit loss provision to net charge-offs
  • 85.57%Efficiency ratio
  • 53,524Assets per employee
  • 4.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.29%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 343.20%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 70.44%Net loans and leases to core deposits
  • 73.27%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 14.22%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $225,698Average earning assets
  • $19,501Average equity
  • $212,227Average loans

List of branches

  • 6 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08231Farmers Savings Bank305 Doty Street, Mineral Point, WI 53565January 01, 1917Full Service Brick and Mortar
    1228759Edmund BranchMain Street, Edmund, WI 53535April 27, 1935Full Service Brick and Mortar
    2228760Hollandale BranchMain Street, Hollandale, WI 53544June 15, 1940Full Service Brick and Mortar
    4235524Ridgeway Branch609 Main Street, Ridgeway, WI 53582January 02, 1969Full Service Brick and Mortar
    5334306Dodgeville Office1113 Johns Street, Dodgeville, WI 53533May 01, 2000Full Service Brick and Mortar
    6450318Mount Horeb Branch1833 Business Hwy 18/151, Mount Horeb, WI 53572March 15, 2006Full Service Brick and Mortar

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