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


Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 13655
    Status: Active
    Federal Reserve ID: 372248
    Bank Holding Company (Regulatory Top Holder): Terry Bancorporation (RSSDID: 1208812, Location: Walford, IA)
    Date Established: September 15, 1902
    WWW: http://www.walfordbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12999
    FDIC's unique #: 8533
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 06, 2007
    Last Structure Change Process Date: December 07, 2007
    Last Data Update: December 07, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 345 Highway 151 W, Walford, IA 52351
    County: Benton
    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): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $44.9 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $39.8 mil
    Return on assets (ROA): 0.32% ($0.1 mil)
    Quarterly return on assets: 0.61% ($0.3 mil)
    Return on Equity (ROE): 3.12% ($0.2 mil)
    Quarterly return on equity: 5.56% ($0.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.33% ($148.1 mil)
    Quarterly Pretax return on assets: 0.66% ($296.2 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
  • 9Total employees (full-time equivalent)
  • $44,874Total assets
  • $2,688Cash and due from depository institutions
  • $1,653Interest-bearing balances
  • $24,872Securities
  • $358Federal funds sold & reverse repurchase agreements
  • $14,977Net loans & leases
  • $151Loan loss allowance
  • $0Trading account assets
  • $926Bank premises and fixed assets
  • $505Other real estate owned
  • $0Goodwill and other intangibles
  • $44,874Life insurance assets
  • $548All other assets
  • $39,976Total liabilities and capital
  • $39,787Total liabilities
  • $32,928Total deposits
  • $39,787Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $189Subordinated debt
  • $4,898All other liabilities
  • $4,898Total equity capital
  • $4,898Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,175Surplus
  • $3,648Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $264Income earned, not collected on loans
  • $0Earning assets
  • $261Long-term assets (5+ years)
  • $41,860Average Assets, year-to-date
  • $26,364Average Assets, quarterly
  • $44,498Volatile liabilities
  • $45,113Insider loans
  • $23,979FHLB advances
  • $45,333Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,602Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,676Restructured Loans and leases
  • $109Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,852Total interest income
  • $503Total interest expense
  • $1,349Net interest income
  • -$35Provision for loan and lease losses
  • $153Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $1,390Total noninterest expense
  • $694Salaries and employee benefits
  • $129Premises and equipment expense
  • $567Additional noninterest expense
  • $147Pre-tax net operating income
  • $1Securities gains (losses)
  • $7Applicable income taxes
  • $141Income before extraordinary items
  • $0Extraordinary gains - net
  • $141Net income attributable to bank
  • $0Net charge-offs
  • $141Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $85Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 3.12%Return on equity (ROE)
  • 1.24%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • -205.88%Credit loss provision to net charge-offs
  • 6.59%Efficiency ratio
  • 92,543Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.28%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 57.20%Noncurrent assets plus other real estate owned to assets
  • 1.71%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 37.64%Net loans and leases to core deposits
  • 38.30%Equity capital to assets
  • 10.92%Core capital (leverage) ratio
  • 10.15%Tier 1 risk-based capital ratio
  • 19.19%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $44,498Average earning assets
  • $4,514Average equity
  • $40,545Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,440Managed Assets
  • 1Number of Accounts
  • $2,178Personal trust and agency accounts
  • $1,428Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $750Other 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
  • $1,262Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,262Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08533Farmers Savings Bank345 Highway 151 W, Walford, IA 52351September 15, 1902Full Service Brick and Mortar

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