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

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