Farmers State Bank in Phillipsburg, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 14344
    Status: Active
    Federal Reserve ID: 603559
    Bank Holding Company (Regulatory Top Holder): Phillips Holdings, Inc. (RSSDID: 1989643, Location: Phillipsburg, KS)
    Date Established: January 01, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 8962
    Numeric code: 13
    Regulator: FED
    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: May 08, 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: 110 W State St, Phillipsburg, KS 67661
    County: Phillips
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Hays
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Corrections
    Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $32.5 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $27.2 mil
    Return on assets (ROA): 1.11% ($0.4 mil)
    Quarterly return on assets: 0.72% ($0.2 mil)
    Return on Equity (ROE): 11.57% ($0.3 mil)
    Quarterly return on equity: 7.11% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.15% ($373.3 mil)
    Quarterly Pretax return on assets: 0.75% ($243.5 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
  • 6Total employees (full-time equivalent)
  • $32,463Total assets
  • $2,422Cash and due from depository institutions
  • $1,567Interest-bearing balances
  • $10,735Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,975Net loans & leases
  • $287Loan loss allowance
  • $0Trading account assets
  • $383Bank premises and fixed assets
  • $519Other real estate owned
  • $0Goodwill and other intangibles
  • $32,464Life insurance assets
  • $1,429All other assets
  • $29,207Total liabilities and capital
  • $27,217Total liabilities
  • $23,784Total deposits
  • $27,217Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 74.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,821Trading liabilities
  • $0Other borrowed funds
  • $95Subordinated debt
  • $3,257All other liabilities
  • $3,257Total equity capital
  • $3,257Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $667Surplus
  • $2,490Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $541Income earned, not collected on loans
  • $0Earning assets
  • $334Long-term assets (5+ years)
  • $29,277Average Assets, year-to-date
  • $8,801Average Assets, quarterly
  • $32,306Volatile liabilities
  • $32,412Insider loans
  • $19,504FHLB advances
  • $32,411Loans and leases held for sale
  • $663Unused loan commitments
  • $663Tier 1 (core) risk-based capital
  • $3,023Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $763Restructured Loans and leases
  • $264Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,591Total interest income
  • $353Total interest expense
  • $1,238Net interest income
  • $116Provision for loan and lease losses
  • $159Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $71Additional noninterest income
  • $971Total noninterest expense
  • $429Salaries and employee benefits
  • $122Premises and equipment expense
  • $420Additional noninterest expense
  • $310Pre-tax net operating income
  • $52Securities gains (losses)
  • $13Applicable income taxes
  • $349Income before extraordinary items
  • $8Extraordinary gains - net
  • $357Net income attributable to bank
  • $0Net charge-offs
  • $357Cash dividends
  • $203Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 11.57%Return on equity (ROE)
  • 8.98%Retained earnings to average equity (YTD only)
  • 1.10%Net charge-offs to loans
  • 57.14%Credit loss provision to net charge-offs
  • 2.10%Efficiency ratio
  • 68,074Assets per employee
  • 5.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.41%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 53.05%Noncurrent assets plus other real estate owned to assets
  • 3.27%Noncurrent loans to loans
  • 3.13%Net loans and leases to deposits
  • 62.37%Net loans and leases to core deposits
  • 66.26%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 15.50%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $32,306Average earning assets
  • $3,085Average equity
  • $29,452Average loans

List of branches

  • 1 Kansas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08962Farmers State Bank110 W State St, Phillipsburg, KS 67661January 01, 1909Full Service Brick and Mortar

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