Farmers State Bank in Mountain City, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers State Bank in Mountain City, Tennessee (TN)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 13775
    Status: Active
    Federal Reserve ID: 105530
    Bank Holding Company (Regulatory Top Holder): Farmers State Bancshares, Inc. (RSSDID: 1997862, Location: Mountain City, TN)
    Date Established: January 15, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 8613
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 27, 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: 100 Main Street, Mountain City, TN 37683
    County: Johnson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $139.0 mil
    Equity capital: $19.9 mil
    Deposits held in domestic offices: $112.5 mil
    Return on assets (ROA): 0.09% ($0.1 mil)
    Quarterly return on assets: -0.84% (-$1.2 mil)
    Return on Equity (ROE): 0.60% ($0.1 mil)
    Quarterly return on equity: -5.77% (-$1.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.14% (-$194.6 mil)
    Quarterly Pretax return on assets: -1.81% (-$2,516.3 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
  • 41Total employees (full-time equivalent)
  • $139,021Total assets
  • $5,630Cash and due from depository institutions
  • $0Interest-bearing balances
  • $38,530Securities
  • $1,750Federal funds sold & reverse repurchase agreements
  • $82,203Net loans & leases
  • $3,244Loan loss allowance
  • $0Trading account assets
  • $3,169Bank premises and fixed assets
  • $829Other real estate owned
  • $0Goodwill and other intangibles
  • $139,021Life insurance assets
  • $6,910All other assets
  • $119,107Total liabilities and capital
  • $112,461Total liabilities
  • $97,781Total deposits
  • $112,461Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,646Subordinated debt
  • $19,914All other liabilities
  • $19,914Total equity capital
  • $19,914Total bank equity capital
  • $0Perpetual preferred stock
  • $237Common stock
  • $500Surplus
  • $19,177Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,546Income earned, not collected on loans
  • $0Earning assets
  • $613Long-term assets (5+ years)
  • $122,483Average Assets, year-to-date
  • $58,343Average Assets, quarterly
  • $137,085Volatile liabilities
  • $138,307Insider loans
  • $81,922FHLB advances
  • $136,923Loans and leases held for sale
  • $3,611Unused loan commitments
  • $2,425Tier 1 (core) risk-based capital
  • $19,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,186Total unused commitments
  • $1,216Restructured Loans and leases
  • $1,422Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,554Total interest income
  • $1,477Total interest expense
  • $5,077Net interest income
  • $1,601Provision for loan and lease losses
  • $812Total noninterest income
  • $0Fiduciary activities
  • $510Service charges on deposit accounts
  • $0Trading account gains & fees
  • $302Additional noninterest income
  • $4,480Total noninterest expense
  • $2,471Salaries and employee benefits
  • $447Premises and equipment expense
  • $1,562Additional noninterest expense
  • -$192Pre-tax net operating income
  • $1Securities gains (losses)
  • -$312Applicable income taxes
  • $121Income before extraordinary items
  • $0Extraordinary gains - net
  • $121Net income attributable to bank
  • $0Net charge-offs
  • $121Cash dividends
  • $990Sale, conversion, retirement of capital stock, net
  • $415Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • 0.60%Return on equity (ROE)
  • -1.47%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 161.72%Credit loss provision to net charge-offs
  • 1.42%Efficiency ratio
  • 76,074Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 342.98%Loss allowance to loans
  • 3.80%Loss allowance to noncurrent loans
  • 23.95%Noncurrent assets plus other real estate owned to assets
  • 10.34%Noncurrent loans to loans
  • 15.85%Net loans and leases to deposits
  • 73.09%Net loans and leases to core deposits
  • 77.17%Equity capital to assets
  • 14.32%Core capital (leverage) ratio
  • 14.60%Tier 1 risk-based capital ratio
  • 24.40%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $137,085Average earning assets
  • $20,059Average equity
  • $122,030Average loans

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08613Farmers State Bank100 Main Street, Mountain City, TN 37683January 15, 1934Full Service Brick and Mortar
    1230171421 Branch889 S Shady St, Mountain City, TN 37683April 21, 1973Full Service Brick and Mortar
    2230172Butler Branch130 Main St, Butler, TN 37640April 09, 1979Full Service Brick and Mortar

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