Farmers State Bank in Groesbeck, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 15367
    Status: Active
    Federal Reserve ID: 461058
    Bank Holding Company (Regulatory Top Holder): Groesbeck Bancshares, Inc. (RSSDID: 1144228, Location: Groesbeck, TX)
    Date Established: January 01, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 9694
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: March 14, 1936
    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: 121 South Ellis Street, Groesbeck, TX 76642
    County: Limestone
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $126.7 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $114.4 mil
    Return on assets (ROA): 1.03% ($1.3 mil)
    Quarterly return on assets: 0.82% ($1.0 mil)
    Return on Equity (ROE): 10.34% ($1.2 mil)
    Quarterly return on equity: 8.48% ($1.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.03% ($1,305.5 mil)
    Quarterly Pretax return on assets: 0.82% ($1,039.3 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
  • 56Total employees (full-time equivalent)
  • $126,744Total assets
  • $33,743Cash and due from depository institutions
  • $28,162Interest-bearing balances
  • $38,602Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,157Net loans & leases
  • $781Loan loss allowance
  • $0Trading account assets
  • $3,636Bank premises and fixed assets
  • $0Other real estate owned
  • $254Goodwill and other intangibles
  • $126,744Life insurance assets
  • $3,352All other assets
  • $114,799Total liabilities and capital
  • $114,374Total liabilities
  • $71,883Total deposits
  • $114,374Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $425Subordinated debt
  • $11,945All other liabilities
  • $11,945Total equity capital
  • $11,945Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $2,600Surplus
  • $8,745Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $195Income earned, not collected on loans
  • $127Earning assets
  • $594Long-term assets (5+ years)
  • $113,921Average Assets, year-to-date
  • $42,193Average Assets, quarterly
  • $119,333Volatile liabilities
  • $123,517Insider loans
  • $62,788FHLB advances
  • $119,122Loans and leases held for sale
  • $2,111Unused loan commitments
  • $2,111Tier 1 (core) risk-based capital
  • $10,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,870Restructured Loans and leases
  • $1,553Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,963Total interest income
  • $606Total interest expense
  • $4,357Net interest income
  • $0Provision for loan and lease losses
  • $1,273Total noninterest income
  • $0Fiduciary activities
  • $917Service charges on deposit accounts
  • $0Trading account gains & fees
  • $356Additional noninterest income
  • $4,403Total noninterest expense
  • $2,504Salaries and employee benefits
  • $661Premises and equipment expense
  • $1,238Additional noninterest expense
  • $1,227Pre-tax net operating income
  • -$1Securities gains (losses)
  • $0Applicable income taxes
  • $1,226Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,226Net income attributable to bank
  • $0Net charge-offs
  • $1,226Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $942Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.06%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 10.34%Return on equity (ROE)
  • 2.40%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 122.70%Efficiency ratio
  • 78,206Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.84%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 400.51%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 41.23%Net loans and leases to core deposits
  • 42.59%Equity capital to assets
  • 9.42%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 16.52%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $119,333Average earning assets
  • $11,852Average equity
  • $107,205Average loans

List of branches

  • 7 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09694Farmers State Bank121 South Ellis Street, Groesbeck, TX 76642January 01, 1913Full Service Brick and Mortar
    110601Thornton BranchHighway 14, Thornton, TX 76687April 29, 1946Full Service Brick and Mortar
    23808Wortham BranchMain And 2nd Streets (Southeast), Wortham, TX 76693January 01, 1903Full Service Brick and Mortar
    3233778Mexia Branch604 West Milam, Mexia, TX 76667Febuary 28, 1994Full Service Brick and Mortar
    5233780Fairfield Branch360 West Commerce, Fairfield, TX 75840July 06, 1999Full Service Brick and Mortar
    6418616Kosse Branch104 N Narcissus, Kosse, TX 76653March 03, 2003Full Service Brick and Mortar
    7481877Jewett Branch523 South Main Street, Jewett, TX 75846November 03, 2008Full Service Brick and Mortar

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