Farmers Security Bank in Washburn, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers Security Bank - Overview

  • General
  • FDIC Certificate #: 9122
    Status: Active
    Federal Reserve ID: 228055
    Bank Holding Company (Regulatory Top Holder): Mclean Bank Holding Company (RSSDID: 1126523, Location: Garrison, ND)
    Date Established: October 30, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5840
    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: January 01, 1934
    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: 710 Main Street, Washburn, ND 58577
    County: Mclean
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $46.9 mil
    Equity capital: $3.9 mil
    Deposits held in domestic offices: $42.9 mil
    Return on assets (ROA): 0.72% ($0.3 mil)
    Quarterly return on assets: 0.46% ($0.2 mil)
    Return on Equity (ROE): 8.34% ($0.3 mil)
    Quarterly return on equity: 5.08% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.07% ($501.9 mil)
    Quarterly Pretax return on assets: 0.70% ($328.3 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
  • 9Total employees (full-time equivalent)
  • $46,907Total assets
  • $4,132Cash and due from depository institutions
  • $2,208Interest-bearing balances
  • $12,240Securities
  • $7,800Federal funds sold & reverse repurchase agreements
  • $21,992Net loans & leases
  • $475Loan loss allowance
  • $0Trading account assets
  • $177Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $46,907Life insurance assets
  • $566All other assets
  • $43,043Total liabilities and capital
  • $42,867Total liabilities
  • $35,439Total deposits
  • $42,867Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $176Subordinated debt
  • $3,864All other liabilities
  • $3,864Total equity capital
  • $3,864Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $1,200Surplus
  • $2,064Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $424Long-term assets (5+ years)
  • $44,240Average Assets, year-to-date
  • $7,322Average Assets, quarterly
  • $41,595Volatile liabilities
  • $42,895Insider loans
  • $26,649FHLB advances
  • $43,467Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,662Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,081Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,761Total interest income
  • $289Total interest expense
  • $1,472Net interest income
  • $0Provision for loan and lease losses
  • $132Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $68Additional noninterest income
  • $1,157Total noninterest expense
  • $672Salaries and employee benefits
  • $89Premises and equipment expense
  • $396Additional noninterest expense
  • $447Pre-tax net operating income
  • $0Securities gains (losses)
  • $148Applicable income taxes
  • $299Income before extraordinary items
  • $0Extraordinary gains - net
  • $299Net income attributable to bank
  • $0Net charge-offs
  • $299Cash dividends
  • -$51Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 8.34%Return on equity (ROE)
  • 7.64%Retained earnings to average equity (YTD only)
  • -0.23%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,132Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.36%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 51.30%Net loans and leases to core deposits
  • 51.91%Equity capital to assets
  • 8.24%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 13.74%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $41,595Average earning assets
  • $3,585Average equity
  • $38,993Average loans

List of branches

  • 1 North Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05840Farmers Security Bank710 Main Street, Washburn, ND 58577October 30, 1919Full Service Brick and Mortar

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