Farmers State Bank in Marion, Iowa (IA)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC Certificate #: 14209
Status: Active
Federal Reserve ID: 1006148
Bank Holding Company (Regulatory Top Holder): Neighbor Insurance Agency, Inc. (RSSDID: 1200124, Location: Marion, IA)
Date Established: August 27, 1927
WWW: http://www.myfsbonline.net
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 8874
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 09, 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: 1240 8th Avenue, Marion, IA 52302
County: Linn
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $624.5 mil
Equity capital: $76.7 mil
Deposits held in domestic offices: $526.5 mil
Return on assets (ROA): 1.74% ($10.9 mil)
Quarterly return on assets: 1.72% ($10.8 mil)
Return on Equity (ROE): 14.44% ($11.1 mil)
Quarterly return on equity: 13.88% ($10.7 mil)
Net income: $10.5 mil
Quarterly Net income: $2.6 mil
Pretax return on assets: 1.85% ($11,553.7 mil)
Quarterly Pretax return on assets: 1.81% ($11,303.9 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)153
Total assets$624,527
Cash and due from depository institutions$81,514
Interest-bearing balances$64,393
Securities$129,090
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$387,866
Loan loss allowance $4,988
Trading account assets$0
Bank premises and fixed assets$7,600
Other real estate owned$2,570
Goodwill and other intangibles$539
All other assets$15,348
Life insurance assets$624,527
Total liabilities and capital$547,807
Total liabilities$526,475
Total deposits$448,126
Interest-bearing deposits$526,475
Deposits held in domestic offices$86
% insured (estimated)17510.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $3,822
All other liabilities $76,720
Total equity capital$76,720
Total bank equity capital$76,720
Perpetual preferred stock$0
Common stock$1,162
Surplus$4,838
Undivided profits $70,720
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,735
Income earned, not collected on loans $2,462
Earning assets $106
Long-term assets (5+ years) $2,779
Average Assets, year-to-date $581,349
Average Assets, quarterly $161,670
Volatile liabilities $599,831
Insider loans $613,968
FHLB advances $470,926
Loans and leases held for sale $618,355
Unused loan commitments $7,286
Tier 1 (core) risk-based capital $7,286
Tier 2 risk-based capital $71,232
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $94,528
Derivatives$351
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $27,202
Total interest expense $5,230
Net interest income $21,972
Provision for loan and lease losses $600
Total noninterest income $6,821
Fiduciary activities $364
Service charges on deposit accounts $1,681
Trading account gains & fees $0
Additional noninterest income $4,776
Total noninterest expense $17,098
Salaries and employee benefits $9,873
Premises and equipment expense $1,959
Additional noninterest expense $5,266
Pre-tax net operating income $11,095
Securities gains (losses) $0
Applicable income taxes $630
Income before extraordinary items $10,465
Extraordinary gains - net $0
Net income attributable to bank $10,465
Net charge-offs $0
Cash dividends $10,465
Sale, conversion, retirement of capital stock, net $364
Net operating income $4,167
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.84%
Cost of funding earning assets 0.93%
Net interest margin 3.91%
Noninterest income to earning assets 1.21%
Noninterest expense to earning assets 3.04%
Net operating income to assets 1.74%
Return on assets (ROA) 1.74%
Pretax return on assets 1.85%
Return on equity (ROE) 14.44%
Retained earnings to average equity (YTD only) 8.69%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 164.84%
Efficiency ratio32.13%
Assets per employee$59,365
Cash dividends to net income (YTD only)4.08%
Condition Ratios (%)
Loss allowance to loans 39.82%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 202.60%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits0.63%
Net loans and leases to core deposits 73.67%
Equity capital to assets 76.86%
Core capital (leverage) ratio 12.28%
Tier 1 risk-based capital ratio 11.52%
Total risk-based capital ratio 15.13%
Memoranda
Average assets$16
Average earning assets$599,831
Average equity $72,450
Average loans $562,047
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$39,629
Number of Accounts1
Personal trust and agency accounts$36,871
Employee benefit-defined contribution accounts$31,354
Employee benefit-defined benefit accounts$805
Other retirement accounts$0
Corporate trust and agency accounts$909
Investment management agency accounts$0
Other fiduciary accounts$3,803
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts130
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$909
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,758
Corporate trust and agency accounts$2,320
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$109
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8 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08874Farmers State Bank1240 8th Avenue, Marion, IA 52302August 27, 1927Full Service Brick and Mortar
1231166Alburnett BranchMain Avenue, Alburnett, IA 52202November 13, 1945Full Service Brick and Mortar
2231167Hiawatha Branch175 Center Point Road, Hiawatha, IA 52233April 14, 1969Full Service Brick and Mortar
3231168Drive-In Branch1200 Ninth Avenue, Marion, IA 52302November 28, 1979Limited Service Facility
5231170Collins Road Square Branch1380 Twixt Town Road, Marion, IA 52302December 31, 1984Full Service Brick and Mortar
6231171Edgewood Road Branch399 Edgewood Road N.W., Cedar Rapids, IA 52405October 31, 1996Full Service Brick and Mortar
7231172Atm Department1100 8th Ave, Marion, IA 52302June 30, 1996Limited Service Administrative
8362824Van Buren Village Branch2755 Edgewood Road., S.W., Cedar Rapids, IA 52404November 19, 2001Full Service Brick and Mortar
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