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

Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 14807
    Status: Active
    Federal Reserve ID: 774347
    Bank Holding Company (Regulatory Top Holder): Marjon Bancorporation, Inc. (RSSDID: 1203460, Location: Colesburg, IA)
    Date Established: January 01, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13236
    FDIC's unique #: 9264
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: October 16, 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: 205 Main Street, Colesburg, IA 52035
    County: Delaware
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $144.0 mil
    Equity capital: $13.8 mil
    Deposits held in domestic offices: $128.3 mil
    Return on assets (ROA): 1.89% ($2.7 mil)
    Quarterly return on assets: 1.29% ($1.9 mil)
    Return on Equity (ROE): 21.05% ($2.9 mil)
    Quarterly return on equity: 13.48% ($1.9 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 2.01% ($2,894.5 mil)
    Quarterly Pretax return on assets: 1.39% ($2,001.7 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
  • 27Total employees (full-time equivalent)
  • $144,007Total assets
  • $2,693Cash and due from depository institutions
  • $115Interest-bearing balances
  • $40,857Securities
  • $1,766Federal funds sold & reverse repurchase agreements
  • $95,152Net loans & leases
  • $1,663Loan loss allowance
  • $0Trading account assets
  • $1,242Bank premises and fixed assets
  • $227Other real estate owned
  • $0Goodwill and other intangibles
  • $144,007Life insurance assets
  • $2,070All other assets
  • $130,200Total liabilities and capital
  • $128,291Total liabilities
  • $119,708Total deposits
  • $128,291Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,447Trading liabilities
  • $0Other borrowed funds
  • $462Subordinated debt
  • $13,807All other liabilities
  • $13,807Total equity capital
  • $13,807Total bank equity capital
  • $0Perpetual preferred stock
  • $122Common stock
  • $2,857Surplus
  • $10,828Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,195Income earned, not collected on loans
  • $0Earning assets
  • $1,440Long-term assets (5+ years)
  • $137,890Average Assets, year-to-date
  • $50,988Average Assets, quarterly
  • $139,845Volatile liabilities
  • $143,014Insider loans
  • $114,022FHLB advances
  • $142,208Loans and leases held for sale
  • $24Unused loan commitments
  • $24Tier 1 (core) risk-based capital
  • $12,632Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,136Restructured Loans and leases
  • $1,595Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,141Total interest income
  • $2,227Total interest expense
  • $5,914Net interest income
  • $875Provision for loan and lease losses
  • $484Total noninterest income
  • $0Fiduciary activities
  • $372Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112Additional noninterest income
  • $2,712Total noninterest expense
  • $1,624Salaries and employee benefits
  • $436Premises and equipment expense
  • $652Additional noninterest expense
  • $2,811Pre-tax net operating income
  • -$7Securities gains (losses)
  • $164Applicable income taxes
  • $2,640Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,640Net income attributable to bank
  • $0Net charge-offs
  • $2,640Cash dividends
  • $554Sale, conversion, retirement of capital stock, net
  • $756Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.11%Yield on earning assets
  • 1.67%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.04%Noninterest expense to earning assets
  • 1.89%Net operating income to assets
  • 1.89%Return on assets (ROA)
  • 2.01%Pretax return on assets
  • 21.05%Return on equity (ROE)
  • 15.02%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 157.94%Credit loss provision to net charge-offs
  • 6.65%Efficiency ratio
  • 42,388Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.64%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 139.16%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 74.17%Net loans and leases to core deposits
  • 78.03%Equity capital to assets
  • 9.59%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $139,845Average earning assets
  • $12,539Average equity
  • $133,266Average loans

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09264Farmers Savings Bank205 Main Street, Colesburg, IA 52035January 01, 1907Full Service Brick and Mortar
    1232165Elkport BranchCounty Roads X3c And C7x, Elkport, IA 52044March 20, 1995Full Service Brick and Mortar
    2364044Strawberry Point Branch130 West Mission Street, Strawberry Point, IA 52076June 03, 2002Full Service Brick and Mortar
    32922Arlington Branch727 Main Street, Arlington, IA 50606May 30, 1981Full Service Brick and Mortar
    4489388Aurora Branch401 Main St, Aurora, IA 50607September 04, 2008Full Service Brick and Mortar

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