Farmers State Bank in Faith, South Dakota (SD)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC Certificate #: 1123
Status: Active
Federal Reserve ID: 287650
Bank Holding Company (Regulatory Top Holder): Faith Bank Holding Company (RSSDID: 1142046, Location: Faith, SD)
Date Established: April 06, 1910
WWW: http://www.fsbfaith.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 765
Numeric code: 13
Regulator: FED
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: December 03, 2008
Last Structure Change Process Date: December 10, 2008
Last Data Update: December 10, 2008
Data Source Date: April 05, 2012
LocationAddress: 127 Main Street, Faith, SD 57626
County: Meade
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Rapid City, SD (#39660)
CBSA Metro Statistical Area: Rapid City, SD (#39660)
History of ChangesChange in Location
Financial SummaryTotal assets: $44.8 mil
Equity capital: $4.4 mil
Deposits held in domestic offices: $40.2 mil
Return on assets (ROA): 0.97% ($0.4 mil)
Quarterly return on assets: 0.99% ($0.4 mil)
Return on Equity (ROE): 10.08% ($0.4 mil)
Quarterly return on equity: 9.87% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.00% ($447.8 mil)
Quarterly Pretax return on assets: 1.00% ($447.8 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)14
Total assets$44,782
Cash and due from depository institutions$6,110
Interest-bearing balances$3,314
Securities$12,247
Federal funds sold & reverse repurchase agreements$1,108
Net loans & leases$23,201
Loan loss allowance $640
Trading account assets$0
Bank premises and fixed assets$519
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,597
Life insurance assets$44,782
Total liabilities and capital$40,416
Total liabilities$40,232
Total deposits$34,948
Interest-bearing deposits$40,232
Deposits held in domestic offices$79
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $184
All other liabilities $4,366
Total equity capital$4,366
Total bank equity capital$4,366
Perpetual preferred stock$0
Common stock$280
Surplus$2,100
Undivided profits $1,986
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 $128
Earning assets $0
Long-term assets (5+ years) $400
Average Assets, year-to-date $39,870
Average Assets, quarterly $11,893
Volatile liabilities $42,105
Insider loans $43,208
FHLB advances $28,545
Loans and leases held for sale $44,090
Unused loan commitments $824
Tier 1 (core) risk-based capital $824
Tier 2 risk-based capital $4,177
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,249
Derivatives$468
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,088
Total interest expense $409
Net interest income $1,679
Provision for loan and lease losses $40
Total noninterest income $151
Fiduciary activities $0
Service charges on deposit accounts $87
Trading account gains & fees $0
Additional noninterest income $64
Total noninterest expense $1,369
Salaries and employee benefits $789
Premises and equipment expense $78
Additional noninterest expense $502
Pre-tax net operating income $421
Securities gains (losses) $0
Applicable income taxes $13
Income before extraordinary items $408
Extraordinary gains - net $0
Net income attributable to bank $408
Net charge-offs $0
Cash dividends $408
Sale, conversion, retirement of capital stock, net $61
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.62%
Cost of funding earning assets 1.10%
Net interest margin 4.52%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 3.68%
Net operating income to assets 0.97%
Return on assets (ROA) 0.97%
Pretax return on assets 1.00%
Return on equity (ROE) 10.08%
Retained earnings to average equity (YTD only) 10.08%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 65.57%
Efficiency ratio7.56%
Assets per employee$74,809
Cash dividends to net income (YTD only)3.20%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.68%
Noncurrent assets plus other real estate owned to assets 500.00%
Noncurrent loans to loans 0.29%
Net loans and leases to deposits0.54%
Net loans and leases to core deposits 57.67%
Equity capital to assets 66.21%
Core capital (leverage) ratio 9.75%
Tier 1 risk-based capital ratio 9.47%
Total risk-based capital ratio 14.63%
Memoranda
Average assets$16
Average earning assets$42,105
Average equity $4,047
Average loans $37,180
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0765Farmers State Bank127 Main Street, Faith, SD 57626April 06, 1910Full Service Brick and Mortar
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