Farmers State Bank in Center, Texas (TX)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC Certificate #: 13407
Status: Active
Federal Reserve ID: 875057
Bank Holding Company (Regulatory Top Holder): Farmers Bancshares, Inc. (RSSDID: 1109320, Location: Center, TX)
Date Established: July 07, 1910
WWW: http://www.farmersbankcentertx.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)
FDIC's unique #: 8443
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: July 21, 2010
Last Structure Change Process Date: July 21, 2010
Last Data Update: July 21, 2010
Data Source Date: April 05, 2012
LocationAddress: 115 Shelbyville Street, Center, TX 75935
County: Shelby
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $343.1 mil
Equity capital: $40.7 mil
Deposits held in domestic offices: $301.0 mil
Return on assets (ROA): 1.80% ($6.2 mil)
Quarterly return on assets: 1.81% ($6.2 mil)
Return on Equity (ROE): 15.56% ($6.4 mil)
Quarterly return on equity: 15.01% ($6.2 mil)
Net income: $6.0 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 1.80% ($6,176.2 mil)
Quarterly Pretax return on assets: 1.81% ($6,210.5 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)80
Total assets$343,121
Cash and due from depository institutions$20,196
Interest-bearing balances$9,000
Securities$122,397
Federal funds sold & reverse repurchase agreements$5,197
Net loans & leases$179,033
Loan loss allowance $2,307
Trading account assets$0
Bank premises and fixed assets$4,674
Other real estate owned$80
Goodwill and other intangibles$1,659
All other assets$9,885
Life insurance assets$343,121
Total liabilities and capital$302,388
Total liabilities$300,994
Total deposits$236,273
Interest-bearing deposits$300,994
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,394
All other liabilities $40,733
Total equity capital$40,733
Total bank equity capital$40,733
Perpetual preferred stock$0
Common stock$750
Surplus$6,750
Undivided profits $33,233
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 $1,681
Earning assets $0
Long-term assets (5+ years) $2,181
Average Assets, year-to-date $315,627
Average Assets, quarterly $170,210
Volatile liabilities $333,500
Insider loans $339,218
FHLB advances $239,904
Loans and leases held for sale $340,789
Unused loan commitments $6,500
Tier 1 (core) risk-based capital $6,500
Tier 2 risk-based capital $35,550
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,250
Derivatives$391
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,365
Total interest expense $2,054
Net interest income $12,311
Provision for loan and lease losses $8
Total noninterest income $2,167
Fiduciary activities $0
Service charges on deposit accounts $1,219
Trading account gains & fees $0
Additional noninterest income $948
Total noninterest expense $8,629
Salaries and employee benefits $4,858
Premises and equipment expense $1,352
Additional noninterest expense $2,419
Pre-tax net operating income $5,841
Securities gains (losses) $171
Applicable income taxes $0
Income before extraordinary items $6,012
Extraordinary gains - net $0
Net income attributable to bank $6,012
Net charge-offs $0
Cash dividends $6,012
Sale, conversion, retirement of capital stock, net $263
Net operating income $2,927
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.66%
Cost of funding earning assets 0.67%
Net interest margin 3.99%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 2.80%
Net operating income to assets 1.75%
Return on assets (ROA) 1.80%
Pretax return on assets 1.80%
Return on equity (ROE) 15.56%
Retained earnings to average equity (YTD only) 7.98%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 3.04%
Efficiency ratio22.24%
Assets per employee$57,874
Cash dividends to net income (YTD only)4.29%
Condition Ratios (%)
Loss allowance to loans 48.69%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 137.24%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.93%
Net loans and leases to core deposits 59.48%
Equity capital to assets 67.20%
Core capital (leverage) ratio 11.87%
Tier 1 risk-based capital ratio 10.43%
Total risk-based capital ratio 14.82%
Memoranda
Average assets$16
Average earning assets$333,500
Average equity $38,645
Average loans $308,298
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6 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08443Farmers State Bank115 Shelbyville Street, Center, TX 75935July 07, 1910Full Service Brick and Mortar
1229589Drive-In Facility209 Logansport Street, Center, TX 75935Febuary 16, 1977Limited Service Facility
2229590Shelbyville Branch5033 State Hwy 87 South, Shelbyville, TX 75973April 07, 1997Full Service Brick and Mortar
32004Carthage Branch114 West Wellington, Carthage, TX 75633January 01, 1902Full Service Brick and Mortar
4427156Joaquin Branch12607 U.S. Hwy. 84 East, Joaquin, TX 75954March 11, 2004Full Service Brick and Mortar
5494731Center Branch275 Rough Rider Drive, Center, TX 75935August 24, 2009Full Service Brick and Mortar
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