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

This bank is inactive as of October 01, 2010

  • Farmers State Bank in Stickney, South Dakota (SD)
  • Show street view No street view available for this location

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 17821
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers State Bank (#6080)
    Federal Reserve ID: 199052
    Date Established: December 28, 1957
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11767
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 28, 1957
    Last Structure Change Effective Date: October 01, 2010
    Last Structure Change Process Date: December 02, 2010
    Last Data Update: December 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 221 Main Street, Stickney, SD 57375
    County: Aurora
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $56.0 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, 2009)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $53,623Total assets
  • $6,387Cash and due from depository institutions
  • $4,325Interest-bearing balances
  • $4,914Securities
  • $1,410Federal funds sold & reverse repurchase agreements
  • $38,072Net loans & leases
  • $603Loan loss allowance
  • $0Trading account assets
  • $380Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $828Life insurance assets
  • $2,460All other assets
  • $53,623Total liabilities and capital
  • $49,093Total liabilities
  • $44,629Total deposits
  • $39,633Interest-bearing deposits
  • $44,629Deposits held in domestic offices
  • 96.57%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,183Other borrowed funds
  • $0Subordinated debt
  • $281All other liabilities
  • $4,530Total equity capital
  • $4,530Total bank equity capital
  • $4,530Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $3,500Undivided profits
  • Memoranda
  • $980Noncurrent loans and leases
  • $14,563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $536Earning assets
  • $0Long-term assets (5+ years)
  • $914Average Assets, year-to-date
  • $48,721Average Assets, quarterly
  • $6,819Volatile liabilities
  • $52,147Insider loans
  • $52,623FHLB advances
  • $4,612Loans and leases held for sale
  • $6Unused loan commitments
  • $4,183Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $304Total risk weighted assets
  • $14,563Total unused commitments
  • $0Restructured Loans and leases
  • $538Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,750Total interest income
  • $1,081Total interest expense
  • $1,669Net interest income
  • $494Provision for loan and lease losses
  • $131Total noninterest income
  • $0Fiduciary activities
  • $89Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $822Total noninterest expense
  • $438Salaries and employee benefits
  • $81Premises and equipment expense
  • $303Additional noninterest expense
  • $484Pre-tax net operating income
  • $3Securities gains (losses)
  • $167Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $320Cash dividends
  • $417Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 2.25%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.71%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 7.33%Return on equity (ROE)
  • 7.33%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 118.47%Credit loss provision to net charge-offs
  • 2.35%Efficiency ratio
  • 45,667Assets per employee
  • 6.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 112.50%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 85.31%Net loans and leases to core deposits
  • 95.14%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $52,147Average earning assets
  • $4,367Average equity
  • $47,984Average loans

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