Farmers Savings Bank & Trust in Traer, Iowa (IA)



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Farmers Savings Bank & Trust routing number info

Table of contents:
Farmers Savings Bank & Trust
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Name Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)28
Total assets$161,951
Cash and due from depository institutions$15,871
Interest-bearing balances$13,061
Securities$63,716
Federal funds sold & reverse repurchase agreements$1,330
Net loans & leases$73,607
Loan loss allowance $536
Trading account assets$0
Bank premises and fixed assets$2,009
Other real estate owned$86
Goodwill and other intangibles$0
All other assets$5,332
Life insurance assets$161,951
Total liabilities and capital$150,465
Total liabilities$145,826
Total deposits$125,533
Interest-bearing deposits$145,826
Deposits held in domestic offices$93
% insured (estimated)3913.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $726
All other liabilities $11,486
Total equity capital$11,486
Total bank equity capital$11,486
Perpetual preferred stock$0
Common stock$1,000
Surplus$4,050
Undivided profits $6,436
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $29
Earning assets $0
Long-term assets (5+ years) $876
Average Assets, year-to-date $151,714
Average Assets, quarterly $82,367
Volatile liabilities $158,395
Insider loans $166,388
FHLB advances $84,570
Loans and leases held for sale $164,702
Unused loan commitments $3,418
Tier 1 (core) risk-based capital $3,418
Tier 2 risk-based capital $10,967
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,063
Derivatives$1,885
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,739
Total interest expense $1,400
Net interest income $4,339
Provision for loan and lease losses -$100
Total noninterest income $854
Fiduciary activities $95
Service charges on deposit accounts $251
Trading account gains & fees $0
Additional noninterest income $508
Total noninterest expense $3,561
Salaries and employee benefits $1,930
Premises and equipment expense $354
Additional noninterest expense $1,277
Pre-tax net operating income $1,732
Securities gains (losses) $946
Applicable income taxes $130
Income before extraordinary items $2,548
Extraordinary gains - net $0
Net income attributable to bank $2,548
Net charge-offs $0
Cash dividends $2,548
Sale, conversion, retirement of capital stock, net -$14
Net operating income $2,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.87%
Cost of funding earning assets 0.94%
Net interest margin 2.92%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.40%
Net operating income to assets 1.04%
Return on assets (ROA) 1.61%
Pretax return on assets 1.69%
Return on equity (ROE) 22.87%
Retained earnings to average equity (YTD only) 4.92%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs 714.29%
Efficiency ratio0.00%
Assets per employee$68,573
Cash dividends to net income (YTD only)5.78%
Condition Ratios (%)
Loss allowance to loans 78.49%
Loss allowance to noncurrent loans 0.72%
Noncurrent assets plus other real estate owned to assets 1848.28%
Noncurrent loans to loans 0.07%
Net loans and leases to deposits0.04%
Net loans and leases to core deposits 50.48%
Equity capital to assets 51.59%
Core capital (leverage) ratio 7.09%
Tier 1 risk-based capital ratio 6.66%
Total risk-based capital ratio 12.97%
Memoranda
Average assets$14
Average earning assets$158,395
Average equity $11,140
Average loans $148,418
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$24,263
Number of Accounts1
Personal trust and agency accounts$19,078
Employee benefit-defined contribution accounts$16,734
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$348
Fiduciary accounts held in foreign offices$1,996
Non-managed Assets$0
Number of Accounts60
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$5,185
Corporate trust and agency accounts$0
Other fiduciary accounts$3,818
Fiduciary accounts held in foreign offices$1,367
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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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