Farmers State Bank in Liberty, Indiana (IN)

Show street view No street view available for this location
Table of contents:
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
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
Undivided profits $7,022
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$14
Average earning assets$61,135
Average equity $8,226
Average loans $53,799
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.