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


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

  • General
  • FDIC Certificate #: 25668
    Status: Active
    Federal Reserve ID: 656247
    Date Established: Febuary 26, 1926
    WWW: http://www.frederikabank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 17569
    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: October 09, 1984
    Last Structure Change Effective Date: March 31, 2008
    Last Structure Change Process Date: June 22, 2010
    Last Data Update: June 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 3rd St, Frederika, IA 50631
    County: Bremer
    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): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $43.0 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $35.5 mil
    Return on assets (ROA): 0.53% ($0.2 mil)
    Quarterly return on assets: 0.15% ($0.1 mil)
    Return on Equity (ROE): 3.44% ($0.2 mil)
    Quarterly return on equity: 0.96% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.78% ($335.4 mil)
    Quarterly Pretax return on assets: -0.05% (-$21.5 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
  • 5Total employees (full-time equivalent)
  • $43,005Total assets
  • $1,514Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,609Securities
  • $3,655Federal funds sold & reverse repurchase agreements
  • $18,671Net loans & leases
  • $334Loan loss allowance
  • $0Trading account assets
  • $50Bank premises and fixed assets
  • $17Other real estate owned
  • $0Goodwill and other intangibles
  • $43,005Life insurance assets
  • $1,489All other assets
  • $36,382Total liabilities and capital
  • $35,450Total liabilities
  • $27,635Total deposits
  • $35,450Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $268Trading liabilities
  • $0Other borrowed funds
  • $664Subordinated debt
  • $6,623All other liabilities
  • $6,623Total equity capital
  • $6,623Total bank equity capital
  • $0Perpetual preferred stock
  • $45Common stock
  • $1,205Surplus
  • $5,373Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $122Income earned, not collected on loans
  • $0Earning assets
  • $348Long-term assets (5+ years)
  • $39,935Average Assets, year-to-date
  • $1,771Average Assets, quarterly
  • $42,482Volatile liabilities
  • $43,305Insider loans
  • $26,585FHLB advances
  • $43,486Loans and leases held for sale
  • $812Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,547Tier 2 risk-based capital
  • $812Total risk weighted assets
  • $0Total unused commitments
  • $2,017Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,221Total interest income
  • $294Total interest expense
  • $927Net interest income
  • $5Provision for loan and lease losses
  • $110Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $699Total noninterest expense
  • $346Salaries and employee benefits
  • $37Premises and equipment expense
  • $316Additional noninterest expense
  • $333Pre-tax net operating income
  • $0Securities gains (losses)
  • $107Applicable income taxes
  • $226Income before extraordinary items
  • $0Extraordinary gains - net
  • $226Net income attributable to bank
  • $0Net charge-offs
  • $226Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $54Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.07%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 2.33%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.76%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 3.44%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • -0.08%Net charge-offs to loans
  • -33.33%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,406Assets per employee
  • 8.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.89%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 273.77%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 52.67%Net loans and leases to core deposits
  • 52.67%Equity capital to assets
  • 15.40%Core capital (leverage) ratio
  • 15.06%Tier 1 risk-based capital ratio
  • 24.63%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $42,482Average earning assets
  • $6,574Average equity
  • $39,767Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017569Farmers Savings Bank103 3rd St, Frederika, IA 50631Febuary 26, 1926Full Service Brick and Mortar

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