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
    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

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.
Table of Contents