Farmers State Bank in Lagrange, Indiana (IN), MI
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 14578
    Status: Active
    Federal Reserve ID: 113441
    Bank Holding Company (Regulatory Top Holder): F.S. Bancorp (RSSDID: 1245479, Location: Lagrange, IN)
    Date Established: July 16, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: Yes)
    OTS Docket #: 13452
    FDIC's unique #: 9111
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 16, 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: 216-218 South Detroit Street, Lagrange, IN 46761
    County: Lagrange
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $481.3 mil
    Equity capital: $46.8 mil
    Deposits held in domestic offices: $399.3 mil
    Return on assets (ROA): 0.95% ($4.6 mil)
    Quarterly return on assets: 0.99% ($4.8 mil)
    Return on Equity (ROE): 9.73% ($4.6 mil)
    Quarterly return on equity: 10.17% ($4.8 mil)
    Net income: $4.4 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.29% ($6,208.6 mil)
    Quarterly Pretax return on assets: 1.36% ($6,545.5 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
  • 161Total employees (full-time equivalent)
  • $481,286Total assets
  • $38,902Cash and due from depository institutions
  • $22,135Interest-bearing balances
  • $61,068Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $349,265Net loans & leases
  • $5,594Loan loss allowance
  • $0Trading account assets
  • $8,451Bank premises and fixed assets
  • $685Other real estate owned
  • $4,285Goodwill and other intangibles
  • $481,286Life insurance assets
  • $18,630All other assets
  • $434,399Total liabilities and capital
  • $399,347Total liabilities
  • $307,164Total deposits
  • $399,347Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 6586.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,488Trading liabilities
  • $0Other borrowed funds
  • $2,978Subordinated debt
  • $46,887All other liabilities
  • $46,803Total equity capital
  • $46,803Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $26,148Surplus
  • $20,555Undivided profits
  • Memoranda
  • $84Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,000Income earned, not collected on loans
  • $0Earning assets
  • $1,642Long-term assets (5+ years)
  • $432,468Average Assets, year-to-date
  • $46,971Average Assets, quarterly
  • $466,175Volatile liabilities
  • $474,512Insider loans
  • $323,440FHLB advances
  • $471,334Loans and leases held for sale
  • $9,539Unused loan commitments
  • $7,103Tier 1 (core) risk-based capital
  • $42,423Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,436Total unused commitments
  • $56,925Restructured Loans and leases
  • $5,403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,101Total interest income
  • $3,918Total interest expense
  • $17,183Net interest income
  • $1,430Provision for loan and lease losses
  • $4,343Total noninterest income
  • $177Fiduciary activities
  • $1,767Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,399Additional noninterest income
  • $14,135Total noninterest expense
  • $8,675Salaries and employee benefits
  • $1,573Premises and equipment expense
  • $3,887Additional noninterest expense
  • $5,961Pre-tax net operating income
  • $32Securities gains (losses)
  • $1,549Applicable income taxes
  • $4,444Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,444Net income attributable to bank
  • $0Net charge-offs
  • $4,444Cash dividends
  • $1,199Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.13%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 9.73%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 119.27%Credit loss provision to net charge-offs
  • 6.16%Efficiency ratio
  • 64,025Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.51%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 79.91%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 87.46%Net loans and leases to core deposits
  • 91.72%Equity capital to assets
  • 9.72%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 13.12%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $466,175Average earning assets
  • $45,669Average equity
  • $415,839Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $47,281Managed Assets
  • 1Number of Accounts
  • $22,390Personal trust and agency accounts
  • $21,907Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $483Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 433Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $24,891Other retirement accounts
  • $498Corporate trust and agency accounts
  • $6,747Other fiduciary accounts
  • $14,199Fiduciary accounts held in foreign offices

List of branches

  • 13 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09111Farmers State Bank216-218 South Detroit Street, Lagrange, IN 46761July 16, 1934Full Service Brick and Mortar
    1231749Wolcottville BranchMain Street, Wolcottville, IN 46795March 01, 1938Full Service Brick and Mortar
    2231750Stroh BranchMain Street, Stroh, IN 46789November 13, 1934Full Service Brick and Mortar
    3231751Topeka BranchMain Street, Topeka, IN 46571May 08, 1937Full Service Brick and Mortar
    4231752Howe Branch103 North Indiana Highway #9, Howe, IN 46746April 06, 1989Full Service Brick and Mortar
    5231753Shipshewana Branch315 North Vanburen Street, Shipshewana, IN 46565June 10, 1991Full Service Brick and Mortar
    7450884First National Bank Of Fremont Branc106 East Toledo Street, Fremont, IN 46737November 01, 2004Full Service Brick and Mortar
    8203130Orland BranchWest Main Street, Orland, IN 46776Febuary 08, 1963Full Service Brick and Mortar
    9203131Ashley-Hudson BranchWest State Street And Grand Avenue, Ashley, IN 46705July 12, 1971Full Service Brick and Mortar
    10203132Angola BranchHighway 127n Near County Road 100n, Angola, IN 46703May 16, 1980Full Service Brick and Mortar
    12203134Hamilton Branch3840 East Bellfountaine, Hamilton, IN 46742May 01, 1995Full Service Brick and Mortar
    13203135Waterloo Branch280 South Wayne, Waterloo, IN 46793August 06, 1999Full Service Brick and Mortar
    14481419Millersburg Branch400 North Benton Street, Millersburg, IN 46543October 06, 2008Full Service Brick and Mortar
  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6422533Sturgis Branch809 West Chicago Road, Sturgis, MI 49091September 08, 2003Full Service Brick and Mortar

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