Farmers State Bank in Liberty, Indiana (IN)



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Farmers State Bank
GeneralFDIC Certificate #: 15548
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Heritage Community Bank (#9088)
Federal Reserve ID: 723943
Date Established: July 01, 1895
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 9842
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 03, 1937
Last Structure Change Effective Date: November 09, 2001
Last Structure Change Process Date: December 12, 2001
Last Data Update: December 12, 2001
Data Source Date: April 05, 2012
LocationAddress: 310 North Main Street, Liberty, IN 47353
County: Union
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
Financial SummaryTotal assets: $57.9 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)25
Total assets$63,601
Cash and due from depository institutions$2,051
Interest-bearing balances$0
Securities$2,902
Federal funds sold & reverse repurchase agreements$4,400
Net loans & leases$49,156
Loan loss allowance $852
Trading account assets$0
Bank premises and fixed assets$711
Other real estate owned$0
Goodwill and other intangibles$2,795
All other assets$1,586
Life insurance assets$0
Total liabilities and capital$63,601
Total liabilities$55,234
Total deposits$54,214
Interest-bearing deposits$47,633
Deposits held in domestic offices$54,214
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,020
Total equity capital$8,367
Total bank equity capital$8,367
Perpetual preferred stock$8,367
Common stock$0
Surplus$225
Undivided profits $7,022
Memoranda
Noncurrent loans and leases $1,120
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,690
Income earned, not collected on loans $0
Earning assets $196
Long-term assets (5+ years) $0
Average Assets, year-to-date $637
Average Assets, quarterly $56,458
Volatile liabilities $13,580
Insider loans $61,135
FHLB advances $62,669
Loans and leases held for sale $5,524
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,690
Restructured Loans and leases $0
Derivatives$546
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $4,651
Total interest expense $2,107
Net interest income $2,544
Provision for loan and lease losses $0
Total noninterest income $240
Fiduciary activities $0
Service charges on deposit accounts $170
Trading account gains & fees $0
Additional noninterest income $70
Total noninterest expense $1,714
Salaries and employee benefits $870
Premises and equipment expense $162
Additional noninterest expense $682
Pre-tax net operating income $1,070
Securities gains (losses) $0
Applicable income taxes $456
Income before extraordinary items $614
Extraordinary gains - net $0
Net income attributable to bank $614
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$1
Net operating income $387
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.65%
Cost of funding earning assets 3.92%
Net interest margin 4.73%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.19%
Net operating income to assets 1.00%
Return on assets (ROA) 1.00%
Pretax return on assets 1.75%
Return on equity (ROE) 7.46%
Retained earnings to average equity (YTD only) 2.76%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$57,220
Cash dividends to net income (YTD only)2.54%
Condition Ratios (%)
Loss allowance to loans 63.03%
Loss allowance to noncurrent loans 1.70%
Noncurrent assets plus other real estate owned to assets 434.69%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.39%
Net loans and leases to core deposits 90.67%
Equity capital to assets 100.96%
Core capital (leverage) ratio 13.16%
Tier 1 risk-based capital ratio 9.24%
Total risk-based capital ratio 12.83%
Memoranda
Average assets$14
Average earning assets$61,135
Average equity $8,226
Average loans $53,799
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