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 WWW:http://www.fsbphillipsburg.com 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
No
ID
Name
Address
Established
Service Type
Map
0
8962
Farmers State Bank
110 W State St, Phillipsburg, KS 67661
January 01, 1909
Full Service Brick and Mortar
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