Farmers State Bank in Carrington, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 16, 1993

  • Farmers State Bank in Carrington, North Dakota (ND)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 18881
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank Forward (#8941)
    Federal Reserve ID: 752457
    Date Established: August 05, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 12733
    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: September 06, 1963
    Last Structure Change Effective Date: Febuary 16, 1993
    Last Structure Change Process Date: Febuary 23, 1993
    Last Data Update: Febuary 23, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 484 Main Street, Carrington, ND 58421
    County: Foster
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $29.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $29,481Cash and due from depository institutions
  • $2,755Interest-bearing balances
  • $1,478Securities
  • $9,335Federal funds sold & reverse repurchase agreements
  • $2,300Net loans & leases
  • $14,344Loan loss allowance
  • $231Trading account assets
  • $0Bank premises and fixed assets
  • $317Other real estate owned
  • $0Goodwill and other intangibles
  • $430Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,481Total liabilities
  • $27,338Total deposits
  • $27,039Interest-bearing deposits
  • $24,199Deposits held in domestic offices
  • 27039.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $299Total equity capital
  • $299Total bank equity capital
  • $2,143Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $800Undivided profits
  • Memoranda
  • $943Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $51Income earned, not collected on loans
  • $311Earning assets
  • $27,457Long-term assets (5+ years)
  • $5,348Average Assets, year-to-date
  • $27,952Average Assets, quarterly
  • $28,506Volatile liabilities
  • $2,929Insider loans
  • $30FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,010Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,143Total risk weighted assets
  • $17,376Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,338Total interest expense
  • $1,092Net interest income
  • $1,246Provision for loan and lease losses
  • -$169Total noninterest income
  • $79Fiduciary activities
  • $0Service charges on deposit accounts
  • $65Trading account gains & fees
  • $0Additional noninterest income
  • $14Total noninterest expense
  • $778Salaries and employee benefits
  • $460Premises and equipment expense
  • $44Additional noninterest expense
  • $274Pre-tax net operating income
  • $716Securities gains (losses)
  • $0Applicable income taxes
  • $223Income before extraordinary items
  • $493Extraordinary gains - net
  • $0Net income attributable to bank
  • $493Net charge-offs
  • -$22Cash dividends
  • $432Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.97%Cost of funding earning assets
  • 4.19%Net interest margin
  • 4.78%Noninterest income to earning assets
  • 0.30%Noninterest expense to earning assets
  • 2.99%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 2.56%Return on equity (ROE)
  • 22.96%Retained earnings to average equity (YTD only)
  • 2.84%Net charge-offs to loans
  • -0.16%Credit loss provision to net charge-offs
  • 768.18%Efficiency ratio
  • 58,717Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.63%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 452.94%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 53.05%Net loans and leases to core deposits
  • 59.49%Equity capital to assets
  • 7.27%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 12.33%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $27,952Average earning assets
  • $2,147Average equity
  • $26,058Average loans

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