Farmers State Bank in Mountain City, Tennessee (TN)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC 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
WWW: http://www.fsbankmctn.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)41
Total assets$139,021
Cash and due from depository institutions$5,630
Interest-bearing balances$0
Securities$38,530
Federal funds sold & reverse repurchase agreements$1,750
Net loans & leases$82,203
Loan loss allowance $3,244
Trading account assets$0
Bank premises and fixed assets$3,169
Other real estate owned$829
Goodwill and other intangibles$0
All other assets$6,910
Life insurance assets$139,021
Total liabilities and capital$119,107
Total liabilities$112,461
Total deposits$97,781
Interest-bearing deposits$112,461
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $1,646
All other liabilities $19,914
Total equity capital$19,914
Total bank equity capital$19,914
Perpetual preferred stock$0
Common stock$237
Surplus$500
Undivided profits $19,177
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 $13,546
Earning assets $0
Long-term assets (5+ years) $613
Average Assets, year-to-date $122,483
Average Assets, quarterly $58,343
Volatile liabilities $137,085
Insider loans $138,307
FHLB advances $81,922
Loans and leases held for sale $136,923
Unused loan commitments $3,611
Tier 1 (core) risk-based capital $2,425
Tier 2 risk-based capital $19,987
Total risk weighted assets $0
Total unused commitments $1,186
Restructured Loans and leases $1,216
Derivatives$1,422
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,554
Total interest expense $1,477
Net interest income $5,077
Provision for loan and lease losses $1,601
Total noninterest income $812
Fiduciary activities $0
Service charges on deposit accounts $510
Trading account gains & fees $0
Additional noninterest income $302
Total noninterest expense $4,480
Salaries and employee benefits $2,471
Premises and equipment expense $447
Additional noninterest expense $1,562
Pre-tax net operating income -$192
Securities gains (losses) $1
Applicable income taxes -$312
Income before extraordinary items $121
Extraordinary gains - net $0
Net income attributable to bank $121
Net charge-offs $0
Cash dividends $121
Sale, conversion, retirement of capital stock, net $990
Net operating income $415
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 1.21%
Net interest margin 4.16%
Noninterest income to earning assets 0.67%
Noninterest expense to earning assets 3.67%
Net operating income to assets 0.09%
Return on assets (ROA) 0.09%
Pretax return on assets -0.14%
Return on equity (ROE) 0.60%
Retained earnings to average equity (YTD only) -1.47%
Net charge-offs to loans 1.13%
Credit loss provision to net charge-offs 161.72%
Efficiency ratio1.42%
Assets per employee$76,074
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 342.98%
Loss allowance to noncurrent loans 3.80%
Noncurrent assets plus other real estate owned to assets 23.95%
Noncurrent loans to loans 10.34%
Net loans and leases to deposits15.85%
Net loans and leases to core deposits 73.09%
Equity capital to assets 77.17%
Core capital (leverage) ratio 14.32%
Tier 1 risk-based capital ratio 14.60%
Total risk-based capital ratio 24.40%
Memoranda
Average assets$26
Average earning assets$137,085
Average equity $20,059
Average loans $122,030
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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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