Farmers Savings Bank & Trust in Traer, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers Savings Bank & Trust - Overview

  • General
  • FDIC Certificate #: 10122
    Status: Active
    Federal Reserve ID: 368344
    Bank Holding Company (Regulatory Top Holder): Talen, Inc. (RSSDID: 1202333, Location: Traer, IA)
    Date Established: January 01, 1915
    WWW: http://www.fsb-traer.com
    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 #: 6475
    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: January 01, 1934
    Last Structure Change Effective Date: May 12, 2008
    Last Structure Change Process Date: May 23, 2008
    Last Data Update: May 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 611 Second Street, Traer, IA 50675
    County: Tama
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $162.0 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $145.8 mil
    Return on assets (ROA): 1.61% ($2.6 mil)
    Quarterly return on assets: 1.93% ($3.1 mil)
    Return on Equity (ROE): 22.87% ($2.5 mil)
    Quarterly return on equity: 28.01% ($3.1 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.69% ($2,737.0 mil)
    Quarterly Pretax return on assets: 2.03% ($3,287.6 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
  • 28Total employees (full-time equivalent)
  • $161,951Total assets
  • $15,871Cash and due from depository institutions
  • $13,061Interest-bearing balances
  • $63,716Securities
  • $1,330Federal funds sold & reverse repurchase agreements
  • $73,607Net loans & leases
  • $536Loan loss allowance
  • $0Trading account assets
  • $2,009Bank premises and fixed assets
  • $86Other real estate owned
  • $0Goodwill and other intangibles
  • $161,951Life insurance assets
  • $5,332All other assets
  • $150,465Total liabilities and capital
  • $145,826Total liabilities
  • $125,533Total deposits
  • $145,826Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 3913.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $726Subordinated debt
  • $11,486All other liabilities
  • $11,486Total equity capital
  • $11,486Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,050Surplus
  • $6,436Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29Income earned, not collected on loans
  • $0Earning assets
  • $876Long-term assets (5+ years)
  • $151,714Average Assets, year-to-date
  • $82,367Average Assets, quarterly
  • $158,395Volatile liabilities
  • $166,388Insider loans
  • $84,570FHLB advances
  • $164,702Loans and leases held for sale
  • $3,418Unused loan commitments
  • $3,418Tier 1 (core) risk-based capital
  • $10,967Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,063Restructured Loans and leases
  • $1,885Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,739Total interest income
  • $1,400Total interest expense
  • $4,339Net interest income
  • -$100Provision for loan and lease losses
  • $854Total noninterest income
  • $95Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $508Additional noninterest income
  • $3,561Total noninterest expense
  • $1,930Salaries and employee benefits
  • $354Premises and equipment expense
  • $1,277Additional noninterest expense
  • $1,732Pre-tax net operating income
  • $946Securities gains (losses)
  • $130Applicable income taxes
  • $2,548Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,548Net income attributable to bank
  • $0Net charge-offs
  • $2,548Cash dividends
  • -$14Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.87%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 2.92%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 22.87%Return on equity (ROE)
  • 4.92%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 714.29%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,573Assets per employee
  • 5.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.49%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 1848.28%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 50.48%Net loans and leases to core deposits
  • 51.59%Equity capital to assets
  • 7.09%Core capital (leverage) ratio
  • 6.66%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $158,395Average earning assets
  • $11,140Average equity
  • $148,418Average 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
  • $24,263Managed Assets
  • 1Number of Accounts
  • $19,078Personal trust and agency accounts
  • $16,734Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $348Other fiduciary accounts
  • $1,996Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 60Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,185Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,818Other fiduciary accounts
  • $1,367Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06475Farmers Savings Bank & Trust611 Second Street, Traer, IA 50675January 01, 1915Full Service Brick and Mortar
    110127Farmers Savings Bank & Trust - Vinto401 B Avenue, Vinton, IA 52349June 06, 1942Full Service Brick and Mortar

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