Farmers State Bank in Faith, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $44,782Total assets
  • $6,110Cash and due from depository institutions
  • $3,314Interest-bearing balances
  • $12,247Securities
  • $1,108Federal funds sold & reverse repurchase agreements
  • $23,201Net loans & leases
  • $640Loan loss allowance
  • $0Trading account assets
  • $519Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $44,782Life insurance assets
  • $1,597All other assets
  • $40,416Total liabilities and capital
  • $40,232Total liabilities
  • $34,948Total deposits
  • $40,232Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $184Subordinated debt
  • $4,366All other liabilities
  • $4,366Total equity capital
  • $4,366Total bank equity capital
  • $0Perpetual preferred stock
  • $280Common stock
  • $2,100Surplus
  • $1,986Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $128Income earned, not collected on loans
  • $0Earning assets
  • $400Long-term assets (5+ years)
  • $39,870Average Assets, year-to-date
  • $11,893Average Assets, quarterly
  • $42,105Volatile liabilities
  • $43,208Insider loans
  • $28,545FHLB advances
  • $44,090Loans and leases held for sale
  • $824Unused loan commitments
  • $824Tier 1 (core) risk-based capital
  • $4,177Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,249Restructured Loans and leases
  • $468Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,088Total interest income
  • $409Total interest expense
  • $1,679Net interest income
  • $40Provision for loan and lease losses
  • $151Total noninterest income
  • $0Fiduciary activities
  • $87Service charges on deposit accounts
  • $0Trading account gains & fees
  • $64Additional noninterest income
  • $1,369Total noninterest expense
  • $789Salaries and employee benefits
  • $78Premises and equipment expense
  • $502Additional noninterest expense
  • $421Pre-tax net operating income
  • $0Securities gains (losses)
  • $13Applicable income taxes
  • $408Income before extraordinary items
  • $0Extraordinary gains - net
  • $408Net income attributable to bank
  • $0Net charge-offs
  • $408Cash dividends
  • $61Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 10.08%Return on equity (ROE)
  • 10.08%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 65.57%Credit loss provision to net charge-offs
  • 7.56%Efficiency ratio
  • 74,809Assets per employee
  • 3.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 500.00%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 57.67%Net loans and leases to core deposits
  • 66.21%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 14.63%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $42,105Average earning assets
  • $4,047Average equity
  • $37,180Average loans

List of branches

  • 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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents