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

  • Farmers Savings Bank in Fostoria, Iowa (IA)
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Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 18284
    Status: Active
    Federal Reserve ID: 624648
    Bank Holding Company (Regulatory Top Holder): Fostoria Bankshares, Inc. (RSSDID: 1416569, Location: Fostoria, IA)
    Date Established: August 24, 1916
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 12200
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 04, 1960
    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: 10 Highway Avenue Northwest, Fostoria, IA 51340
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Spencer, IA (#43980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $75.7 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $62.3 mil
    Return on assets (ROA): 1.08% ($0.8 mil)
    Quarterly return on assets: 0.97% ($0.7 mil)
    Return on Equity (ROE): 7.19% ($0.8 mil)
    Quarterly return on equity: 6.51% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.49% ($1,128.1 mil)
    Quarterly Pretax return on assets: 1.14% ($863.1 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
  • 14Total employees (full-time equivalent)
  • $75,712Total assets
  • $629Cash and due from depository institutions
  • $32Interest-bearing balances
  • $22,149Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,662Net loans & leases
  • $1,027Loan loss allowance
  • $0Trading account assets
  • $1,002Bank premises and fixed assets
  • $1,005Other real estate owned
  • $0Goodwill and other intangibles
  • $75,712Life insurance assets
  • $1,265All other assets
  • $64,378Total liabilities and capital
  • $62,257Total liabilities
  • $51,032Total deposits
  • $62,257Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 1295.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $727Trading liabilities
  • $0Other borrowed funds
  • $99Subordinated debt
  • $11,334All other liabilities
  • $11,334Total equity capital
  • $11,334Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $1,880Surplus
  • $9,334Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $484Income earned, not collected on loans
  • $0Earning assets
  • $496Long-term assets (5+ years)
  • $71,843Average Assets, year-to-date
  • $11,265Average Assets, quarterly
  • $72,875Volatile liabilities
  • $75,511Insider loans
  • $58,000FHLB advances
  • $73,996Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,342Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,374Restructured Loans and leases
  • $683Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,278Total interest income
  • $556Total interest expense
  • $2,722Net interest income
  • $154Provision for loan and lease losses
  • $200Total noninterest income
  • $5Fiduciary activities
  • $80Service charges on deposit accounts
  • $0Trading account gains & fees
  • $115Additional noninterest income
  • $1,678Total noninterest expense
  • $1,093Salaries and employee benefits
  • $155Premises and equipment expense
  • $430Additional noninterest expense
  • $1,090Pre-tax net operating income
  • -$3Securities gains (losses)
  • $299Applicable income taxes
  • $788Income before extraordinary items
  • $0Extraordinary gains - net
  • $788Net income attributable to bank
  • $0Net charge-offs
  • $788Cash dividends
  • $181Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 7.19%Return on equity (ROE)
  • 7.19%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 85.08%Credit loss provision to net charge-offs
  • 6.87%Efficiency ratio
  • 57,426Assets per employee
  • 5.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 212.19%Noncurrent assets plus other real estate owned to assets
  • 1.97%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 79.77%Net loans and leases to core deposits
  • 82.08%Equity capital to assets
  • 14.97%Core capital (leverage) ratio
  • 15.33%Tier 1 risk-based capital ratio
  • 19.56%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $72,875Average earning assets
  • $10,952Average equity
  • $69,365Average 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
  • $7,776Managed Assets
  • 1Number of Accounts
  • $7,755Personal trust and agency accounts
  • $7,755Employee 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
  • 11Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21Other retirement accounts
  • $21Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012200Farmers Savings Bank10 Highway Avenue Northwest, Fostoria, IA 51340August 24, 1916Full Service Brick and Mortar
    1423488Milford Branch2121 Okoboji Avenue, Milford, IA 51351June 10, 2002Full Service Brick and Mortar

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