Farmers State Bank in Parkston, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 1686
    Status: Active
    Federal Reserve ID: 120953
    Bank Holding Company (Regulatory Top Holder): Parkston Investment Company (RSSDID: 1122897, Location: Parkston, SD)
    Date Established: July 19, 1919
    WWW: http://www.fsbparkston.com
    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 #: 1109
    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: 103 West Main Street, Parkston, SD 57366
    County: Hutchinson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $138.8 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $120.1 mil
    Return on assets (ROA): 1.07% ($1.5 mil)
    Quarterly return on assets: 0.65% ($0.9 mil)
    Return on Equity (ROE): 8.65% ($1.5 mil)
    Quarterly return on equity: 5.07% ($0.9 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.56% ($2,164.7 mil)
    Quarterly Pretax return on assets: 1.26% ($1,748.4 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
  • 23Total employees (full-time equivalent)
  • $138,760Total assets
  • $8,963Cash and due from depository institutions
  • $1,037Interest-bearing balances
  • $58,962Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $66,527Net loans & leases
  • $1,399Loan loss allowance
  • $0Trading account assets
  • $780Bank premises and fixed assets
  • $0Other real estate owned
  • $127Goodwill and other intangibles
  • $138,760Life insurance assets
  • $2,401All other assets
  • $121,881Total liabilities and capital
  • $120,126Total liabilities
  • $97,879Total deposits
  • $120,126Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,755Subordinated debt
  • $16,879All other liabilities
  • $16,879Total equity capital
  • $16,879Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,000Surplus
  • $14,579Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,755Long-term assets (5+ years)
  • $127,526Average Assets, year-to-date
  • $52,151Average Assets, quarterly
  • $135,510Volatile liabilities
  • $136,927Insider loans
  • $78,996FHLB advances
  • $135,129Loans and leases held for sale
  • $326Unused loan commitments
  • $326Tier 1 (core) risk-based capital
  • $16,021Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,873Restructured Loans and leases
  • $420Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,566Total interest income
  • $1,307Total interest expense
  • $4,259Net interest income
  • $0Provision for loan and lease losses
  • $322Total noninterest income
  • $0Fiduciary activities
  • $158Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $2,472Total noninterest expense
  • $1,703Salaries and employee benefits
  • $242Premises and equipment expense
  • $527Additional noninterest expense
  • $2,109Pre-tax net operating income
  • $0Securities gains (losses)
  • $655Applicable income taxes
  • $1,454Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,454Net income attributable to bank
  • $0Net charge-offs
  • $1,454Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 1.97%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 8.65%Return on equity (ROE)
  • 0.92%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,962Assets per employee
  • 6.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 89.41%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 55.38%Net loans and leases to core deposits
  • 57.04%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 11.86%Tier 1 risk-based capital ratio
  • 20.28%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $135,510Average earning assets
  • $16,811Average equity
  • $125,696Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01109Farmers State Bank103 West Main Street, Parkston, SD 57366July 19, 1919Full Service Brick and Mortar
    11097Parkston/Kaylor Branch150 North Main Street, Kaylor, SD 57354September 01, 1924Full Service Brick and Mortar

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