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

This bank is inactive as of April 01, 2007

  • Farmers State Bank in Flandreau, South Dakota (SD)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 1124
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank in Sioux Falls (#4016)
    Federal Reserve ID: 406255
    Date Established: January 01, 1911
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 766
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2007
    Last Structure Change Process Date: May 31, 2007
    Last Data Update: May 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 East Second Avenue, Flandreau, SD 57028
    County: Moody
    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
  • Financial Summary
  • Total assets: $81.7 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, 2006)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $92,976Total assets
  • $2,734Cash and due from depository institutions
  • $1,112Interest-bearing balances
  • $39,293Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,529Net loans & leases
  • $638Loan loss allowance
  • $0Trading account assets
  • $953Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $148Life insurance assets
  • $2,467All other assets
  • $92,976Total liabilities and capital
  • $85,255Total liabilities
  • $64,488Total deposits
  • $56,910Interest-bearing deposits
  • $64,488Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,760Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,210Other borrowed funds
  • $0Subordinated debt
  • $797All other liabilities
  • $7,721Total equity capital
  • $7,721Total bank equity capital
  • $7,721Perpetual preferred stock
  • $0Common stock
  • $350Surplus
  • $2,700Undivided profits
  • Memoranda
  • $4,671Noncurrent loans and leases
  • $6,257Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,007Average Assets, year-to-date
  • $87,934Average Assets, quarterly
  • $48,888Volatile liabilities
  • $95,514Insider loans
  • $94,317FHLB advances
  • $16,782Loans and leases held for sale
  • $279Unused loan commitments
  • $17,900Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,257Total unused commitments
  • $0Restructured Loans and leases
  • $599Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $4,786Total interest income
  • $2,923Total interest expense
  • $1,863Net interest income
  • $0Provision for loan and lease losses
  • $383Total noninterest income
  • $0Fiduciary activities
  • $227Service charges on deposit accounts
  • $0Trading account gains & fees
  • $156Additional noninterest income
  • $1,399Total noninterest expense
  • $717Salaries and employee benefits
  • $171Premises and equipment expense
  • $511Additional noninterest expense
  • $847Pre-tax net operating income
  • $0Securities gains (losses)
  • $113Applicable income taxes
  • $734Income before extraordinary items
  • $0Extraordinary gains - net
  • $734Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 2.07%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 1.55%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 10.06%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,289Assets per employee
  • 7.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.87%Loss allowance to loans
  • 1.32%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
  • 73.70%Net loans and leases to core deposits
  • 85.60%Equity capital to assets
  • 8.30%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 17.00%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $95,514Average earning assets
  • $7,294Average equity
  • $90,079Average loans

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