Farmers State Bank in Center, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 80Total employees (full-time equivalent)
  • $343,121Total assets
  • $20,196Cash and due from depository institutions
  • $9,000Interest-bearing balances
  • $122,397Securities
  • $5,197Federal funds sold & reverse repurchase agreements
  • $179,033Net loans & leases
  • $2,307Loan loss allowance
  • $0Trading account assets
  • $4,674Bank premises and fixed assets
  • $80Other real estate owned
  • $1,659Goodwill and other intangibles
  • $343,121Life insurance assets
  • $9,885All other assets
  • $302,388Total liabilities and capital
  • $300,994Total liabilities
  • $236,273Total deposits
  • $300,994Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,394Subordinated debt
  • $40,733All other liabilities
  • $40,733Total equity capital
  • $40,733Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $6,750Surplus
  • $33,233Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,681Income earned, not collected on loans
  • $0Earning assets
  • $2,181Long-term assets (5+ years)
  • $315,627Average Assets, year-to-date
  • $170,210Average Assets, quarterly
  • $333,500Volatile liabilities
  • $339,218Insider loans
  • $239,904FHLB advances
  • $340,789Loans and leases held for sale
  • $6,500Unused loan commitments
  • $6,500Tier 1 (core) risk-based capital
  • $35,550Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,250Restructured Loans and leases
  • $391Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,365Total interest income
  • $2,054Total interest expense
  • $12,311Net interest income
  • $8Provision for loan and lease losses
  • $2,167Total noninterest income
  • $0Fiduciary activities
  • $1,219Service charges on deposit accounts
  • $0Trading account gains & fees
  • $948Additional noninterest income
  • $8,629Total noninterest expense
  • $4,858Salaries and employee benefits
  • $1,352Premises and equipment expense
  • $2,419Additional noninterest expense
  • $5,841Pre-tax net operating income
  • $171Securities gains (losses)
  • $0Applicable income taxes
  • $6,012Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,012Net income attributable to bank
  • $0Net charge-offs
  • $6,012Cash dividends
  • $263Sale, conversion, retirement of capital stock, net
  • $2,927Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 15.56%Return on equity (ROE)
  • 7.98%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 3.04%Credit loss provision to net charge-offs
  • 22.24%Efficiency ratio
  • 57,874Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.69%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 137.24%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 59.48%Net loans and leases to core deposits
  • 67.20%Equity capital to assets
  • 11.87%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 14.82%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $333,500Average earning assets
  • $38,645Average equity
  • $308,298Average loans

List of branches

  • 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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