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

Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 18394
    Status: Active
    Federal Reserve ID: 741844
    Bank Holding Company (Regulatory Top Holder): Beaman Bancshares, Inc. (RSSDID: 1889499, Location: Marshalltown, IA)
    Date Established: April 01, 1894
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 12300
    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: June 01, 1961
    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 West Main Street, Marshalltown, IA 50158
    County: Marshall
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Marshalltown, IA (#32260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $114.4 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $100.8 mil
    Return on assets (ROA): -0.62% (-$0.7 mil)
    Quarterly return on assets: -1.45% (-$1.7 mil)
    Return on Equity (ROE): -5.19% (-$0.7 mil)
    Quarterly return on equity: -12.36% (-$1.6 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -1.11% (-$1,270.1 mil)
    Quarterly Pretax return on assets: -2.42% (-$2,769.0 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
  • 30Total employees (full-time equivalent)
  • $114,422Total assets
  • $8,042Cash and due from depository institutions
  • $6,212Interest-bearing balances
  • $21,862Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,533Net loans & leases
  • $1,588Loan loss allowance
  • $0Trading account assets
  • $2,711Bank premises and fixed assets
  • $1,739Other real estate owned
  • $0Goodwill and other intangibles
  • $114,422Life insurance assets
  • $2,535All other assets
  • $101,028Total liabilities and capital
  • $100,775Total liabilities
  • $86,380Total deposits
  • $100,775Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $253Subordinated debt
  • $13,394All other liabilities
  • $13,394Total equity capital
  • $13,394Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,400Surplus
  • $8,894Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,663Income earned, not collected on loans
  • $0Earning assets
  • $986Long-term assets (5+ years)
  • $105,607Average Assets, year-to-date
  • $53,014Average Assets, quarterly
  • $120,085Volatile liabilities
  • $117,557Insider loans
  • $84,537FHLB advances
  • $120,168Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,305Restructured Loans and leases
  • $795Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,502Total interest income
  • $1,065Total interest expense
  • $4,437Net interest income
  • $3,007Provision for loan and lease losses
  • $657Total noninterest income
  • $269Fiduciary activities
  • $318Service charges on deposit accounts
  • $0Trading account gains & fees
  • $70Additional noninterest income
  • $3,484Total noninterest expense
  • $1,969Salaries and employee benefits
  • $355Premises and equipment expense
  • $1,160Additional noninterest expense
  • -$1,397Pre-tax net operating income
  • $68Securities gains (losses)
  • -$587Applicable income taxes
  • -$742Income before extraordinary items
  • $0Extraordinary gains - net
  • -$742Net income attributable to bank
  • $0Net charge-offs
  • -$742Cash dividends
  • $2,417Sale, conversion, retirement of capital stock, net
  • $1,099Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • -0.65%Net operating income to assets
  • -0.62%Return on assets (ROA)
  • -1.11%Pretax return on assets
  • -5.19%Return on equity (ROE)
  • -12.88%Retained earnings to average equity (YTD only)
  • 2.89%Net charge-offs to loans
  • 124.41%Credit loss provision to net charge-offs
  • 0.67%Efficiency ratio
  • 68,394Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -148.11%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 95.49%Noncurrent assets plus other real estate owned to assets
  • 2.97%Noncurrent loans to loans
  • 2.10%Net loans and leases to deposits
  • 76.94%Net loans and leases to core deposits
  • 78.33%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 10.98%Tier 1 risk-based capital ratio
  • 15.60%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $120,085Average earning assets
  • $14,296Average equity
  • $111,746Average 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
  • $45,837Managed Assets
  • 1Number of Accounts
  • $45,837Personal trust and agency accounts
  • $22,847Employee benefit-defined contribution accounts
  • $2,221Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,695Corporate trust and agency accounts
  • $629Investment management agency accounts
  • $2,212Other fiduciary accounts
  • $8,233Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 151Number of Accounts
  • $0Personal trust and agency accounts
  • $9,695Employee 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

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012300Farmers Savings Bank205 West Main Street, Marshalltown, IA 50158April 01, 1894Full Service Brick and Mortar
    213058Green Mountain Branch402 Green Mountain Road, Green Mountain, IA 50632January 01, 1908Full Service Brick and Mortar
    3358499Beaman Branch218 Main Street, Beaman, IA 50609October 19, 2000Full Service Brick and Mortar
    4418569Marshalltown Branch2201 South Center Street, Marshalltown, IA 50158April 07, 2003Limited Service Facility

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