Farmers State Bank in Hillsboro, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers State Bank in Hillsboro, Wisconsin (WI)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 15126
    Status: Active
    Federal Reserve ID: 680747
    Bank Holding Company (Regulatory Top Holder): Bosshard Financial Group, Inc. (RSSDID: 1205473, Location: La Crosse, WI)
    Date Established: January 06, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 9498
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 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: 726 Water Avenue, Hillsboro, WI 54634
    County: Vernon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    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: $95.9 mil
    Equity capital: $12.9 mil
    Deposits held in domestic offices: $82.8 mil
    Return on assets (ROA): 1.41% ($1.4 mil)
    Quarterly return on assets: 1.43% ($1.4 mil)
    Return on Equity (ROE): 9.36% ($1.2 mil)
    Quarterly return on equity: 10.11% ($1.3 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.82% ($1,745.8 mil)
    Quarterly Pretax return on assets: 1.61% ($1,544.4 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
  • 16Total employees (full-time equivalent)
  • $95,924Total assets
  • $4,167Cash and due from depository institutions
  • $1,980Interest-bearing balances
  • $41,616Securities
  • $1,282Federal funds sold & reverse repurchase agreements
  • $46,993Net loans & leases
  • $298Loan loss allowance
  • $0Trading account assets
  • $92Bank premises and fixed assets
  • $727Other real estate owned
  • $0Goodwill and other intangibles
  • $95,924Life insurance assets
  • $1,047All other assets
  • $83,010Total liabilities and capital
  • $82,751Total liabilities
  • $71,003Total deposits
  • $82,751Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $259Subordinated debt
  • $12,914All other liabilities
  • $12,914Total equity capital
  • $12,914Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $2,825Surplus
  • $10,014Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $974Income earned, not collected on loans
  • $0Earning assets
  • $547Long-term assets (5+ years)
  • $91,871Average Assets, year-to-date
  • $16,507Average Assets, quarterly
  • $93,380Volatile liabilities
  • $95,201Insider loans
  • $81,859FHLB advances
  • $92,899Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,914Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $620Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,153Total interest income
  • $1,058Total interest expense
  • $3,095Net interest income
  • $54Provision for loan and lease losses
  • $269Total noninterest income
  • $0Fiduciary activities
  • $180Service charges on deposit accounts
  • $0Trading account gains & fees
  • $89Additional noninterest income
  • $1,657Total noninterest expense
  • $727Salaries and employee benefits
  • $176Premises and equipment expense
  • $754Additional noninterest expense
  • $1,653Pre-tax net operating income
  • $43Securities gains (losses)
  • $378Applicable income taxes
  • $1,318Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,318Net income attributable to bank
  • $0Net charge-offs
  • $1,318Cash dividends
  • $110Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 9.36%Return on equity (ROE)
  • -11.94%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 49.09%Credit loss provision to net charge-offs
  • 15.52%Efficiency ratio
  • 49,257Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 227.62%Loss allowance to loans
  • 0.63%Loss allowance to noncurrent loans
  • 30.60%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 56.79%Net loans and leases to core deposits
  • 61.45%Equity capital to assets
  • 13.46%Core capital (leverage) ratio
  • 13.90%Tier 1 risk-based capital ratio
  • 15.78%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $93,380Average earning assets
  • $14,086Average equity
  • $89,696Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09498Farmers State Bank726 Water Avenue, Hillsboro, WI 54634January 06, 1913Full Service Brick and Mortar
    1233272Union Center BranchHighway 33, Union Center, WI 53962Febuary 08, 1982Full Service Brick and Mortar

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