Farmers State Bank in Victor, Montana (MT)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC Certificate #: 342
Status: Active
Federal Reserve ID: 475354
Bank Holding Company (Regulatory Top Holder): Farmers State Financial Corp. (RSSDID: 2108227, Location: Victor, MT)
Date Established: January 01, 1907
WWW: http://www.farmersebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 15340
FDIC's unique #: 272
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending 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
LocationAddress: 103 Main Street, Victor, MT 59875
County: Ravalli
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $310.9 mil
Equity capital: $31.4 mil
Deposits held in domestic offices: $272.4 mil
Return on assets (ROA): 0.52% ($1.6 mil)
Quarterly return on assets: 0.36% ($1.1 mil)
Return on Equity (ROE): 5.36% ($1.7 mil)
Quarterly return on equity: 3.62% ($1.1 mil)
Net income: $1.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.65% ($2,021.0 mil)
Quarterly Pretax return on assets: 0.28% ($870.6 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)
Total employees (full-time equivalent)122
Total assets$310,926
Cash and due from depository institutions$14,245
Interest-bearing balances$8,386
Securities$117,993
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$142,120
Loan loss allowance $5,025
Trading account assets$0
Bank premises and fixed assets$13,002
Other real estate owned$6,795
Goodwill and other intangibles$0
All other assets$16,771
Life insurance assets$310,926
Total liabilities and capital$279,506
Total liabilities$272,361
Total deposits$222,092
Interest-bearing deposits$272,361
Deposits held in domestic offices$97
% insured (estimated)2320.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $4,825
All other liabilities $31,420
Total equity capital$31,420
Total bank equity capital$31,420
Perpetual preferred stock$0
Common stock$350
Surplus$19,650
Undivided profits $11,420
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,694
Income earned, not collected on loans $12,522
Earning assets $1,153
Long-term assets (5+ years) $1,296
Average Assets, year-to-date $268,499
Average Assets, quarterly $100,333
Volatile liabilities $312,219
Insider loans $314,495
FHLB advances $190,670
Loans and leases held for sale $306,810
Unused loan commitments $7,750
Tier 1 (core) risk-based capital $5,977
Tier 2 risk-based capital $29,227
Total risk weighted assets $0
Total unused commitments $1,773
Restructured Loans and leases $27,207
Derivatives$4,179
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,212
Total interest expense $1,693
Net interest income $11,519
Provision for loan and lease losses $700
Total noninterest income $3,228
Fiduciary activities $0
Service charges on deposit accounts $1,681
Trading account gains & fees $0
Additional noninterest income $1,547
Total noninterest expense $12,046
Salaries and employee benefits $6,700
Premises and equipment expense $1,379
Additional noninterest expense $3,967
Pre-tax net operating income $2,001
Securities gains (losses) $25
Applicable income taxes $388
Income before extraordinary items $1,638
Extraordinary gains - net $0
Net income attributable to bank $1,638
Net charge-offs $0
Cash dividends $1,638
Sale, conversion, retirement of capital stock, net $2,225
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.87%
Cost of funding earning assets 0.62%
Net interest margin 4.24%
Noninterest income to earning assets 1.19%
Noninterest expense to earning assets 4.44%
Net operating income to assets 0.52%
Return on assets (ROA) 0.52%
Pretax return on assets 0.65%
Return on equity (ROE) 5.36%
Retained earnings to average equity (YTD only) 5.36%
Net charge-offs to loans 1.44%
Credit loss provision to net charge-offs 31.46%
Efficiency ratio1.21%
Assets per employee$81,684
Cash dividends to net income (YTD only)2.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.41%
Noncurrent assets plus other real estate owned to assets 40.13%
Noncurrent loans to loans 6.21%
Net loans and leases to deposits8.51%
Net loans and leases to core deposits 52.18%
Equity capital to assets 54.82%
Core capital (leverage) ratio 10.11%
Tier 1 risk-based capital ratio 9.53%
Total risk-based capital ratio 15.33%
Memoranda
Average assets$17
Average earning assets$312,219
Average equity $30,554
Average loans $271,443
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8 Montana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0272Farmers State Bank103 Main Street, Victor, MT 59875January 01, 1907Full Service Brick and Mortar
1181563Florence Branch5501 Old Highway 93 North, Florence, MT 59833October 01, 1990Full Service Brick and Mortar
2181564Darby Branch805 South Main, Darby, MT 59829September 01, 1993Full Service Brick and Mortar
357077725 Main Street Branch725 Main Street, Stevensville, MT 59870May 15, 1997Full Service Brick and Mortar
4181565Hamilton Branch1950 North 1st Street, Hamilton, MT 59840June 15, 1998Full Service Brick and Mortar
5442323Lolo Branch11000 Us Highway 93 S, Lolo, MT 59847March 22, 2005Full Service Brick and Mortar
6474211Missoula Branch3130 N Reserve Street, Missoula, MT 59808May 05, 2008Full Service Brick and Mortar
7474212West Main Street Night Depository Br206 West Main Street, Hamilton, MT 59840September 01, 2001Limited Service Messenger
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