Farmers State Bank in Pittsfield, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 11307
    Status: Active
    Federal Reserve ID: 477648
    Bank Holding Company (Regulatory Top Holder): Pike Bancorp, Inc. (RSSDID: 1118966, Location: Pittsfield, IL)
    Date Established: January 26, 1889
    WWW: http://www.farmersstate.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15388
    FDIC's unique #: 7220
    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: Yes
    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: 108 East Adams Street, Pittsfield, IL 62363
    County: Pike
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $235.9 mil
    Equity capital: $27.2 mil
    Deposits held in domestic offices: $200.8 mil
    Return on assets (ROA): 1.44% ($3.4 mil)
    Quarterly return on assets: 1.46% ($3.4 mil)
    Return on Equity (ROE): 13.29% ($3.6 mil)
    Quarterly return on equity: 12.80% ($3.5 mil)
    Net income: $3.4 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.45% ($3,420.2 mil)
    Quarterly Pretax return on assets: 1.46% ($3,443.8 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
  • 57Total employees (full-time equivalent)
  • $235,875Total assets
  • $5,775Cash and due from depository institutions
  • $4,359Interest-bearing balances
  • $55,079Securities
  • $858Federal funds sold & reverse repurchase agreements
  • $160,654Net loans & leases
  • $2,623Loan loss allowance
  • $0Trading account assets
  • $5,823Bank premises and fixed assets
  • $205Other real estate owned
  • $131Goodwill and other intangibles
  • $235,875Life insurance assets
  • $7,350All other assets
  • $208,651Total liabilities and capital
  • $200,821Total liabilities
  • $163,236Total deposits
  • $200,821Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $1,830Subordinated debt
  • $27,224All other liabilities
  • $27,224Total equity capital
  • $27,224Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,050Surplus
  • $21,974Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $481Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,216Income earned, not collected on loans
  • $0Earning assets
  • $2,570Long-term assets (5+ years)
  • $220,950Average Assets, year-to-date
  • $32,916Average Assets, quarterly
  • $234,735Volatile liabilities
  • $236,410Insider loans
  • $177,969FHLB advances
  • $233,095Loans and leases held for sale
  • $823Unused loan commitments
  • $823Tier 1 (core) risk-based capital
  • $24,881Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,702Restructured Loans and leases
  • $1,137Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,703Total interest income
  • $1,595Total interest expense
  • $9,108Net interest income
  • $605Provision for loan and lease losses
  • $1,809Total noninterest income
  • $220Fiduciary activities
  • $577Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,012Additional noninterest income
  • $7,123Total noninterest expense
  • $3,713Salaries and employee benefits
  • $1,058Premises and equipment expense
  • $2,352Additional noninterest expense
  • $3,189Pre-tax net operating income
  • $213Securities gains (losses)
  • $29Applicable income taxes
  • $3,373Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,373Net income attributable to bank
  • $0Net charge-offs
  • $3,373Cash dividends
  • $788Sale, conversion, retirement of capital stock, net
  • $1,603Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 13.29%Return on equity (ROE)
  • 6.97%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 76.78%Credit loss provision to net charge-offs
  • 4.81%Efficiency ratio
  • 64,835Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.52%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 81.56%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 80.00%Net loans and leases to core deposits
  • 84.74%Equity capital to assets
  • 11.54%Core capital (leverage) ratio
  • 10.67%Tier 1 risk-based capital ratio
  • 13.98%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $234,735Average earning assets
  • $25,377Average equity
  • $219,677Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $44,986Managed Assets
  • 1Number of Accounts
  • $15,784Personal trust and agency accounts
  • $8,792Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $6,992Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 70Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $29,202Other retirement accounts
  • $21,889Corporate trust and agency accounts
  • $5,739Other fiduciary accounts
  • $507Fiduciary accounts held in foreign offices

List of branches

  • 6 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07220Farmers State Bank108 East Adams Street, Pittsfield, IL 62363January 26, 1889Full Service Brick and Mortar
    1224339Winchester Branch25 East Cherry, Winchester, IL 62694January 19, 1995Full Service Brick and Mortar
    2224340Pittsfield Motor BranchRoute 106 West Pittsfield, Pittsfield, IL 62363November 15, 1995Full Service Brick and Mortar
    36669Hull BranchWalnut Street And Highway 36, Hull, IL 62343October 05, 1906Full Service Brick and Mortar
    4360440Whitehall Branch133 North Main Street, White Hall, IL 62092June 06, 2001Full Service Brick and Mortar
    5419638Jerseyville Branch712 West County Road, Jerseyville, IL 62052November 04, 2002Full Service Brick and Mortar

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