Farmers State Bank in Victor, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 122Total employees (full-time equivalent)
  • $310,926Total assets
  • $14,245Cash and due from depository institutions
  • $8,386Interest-bearing balances
  • $117,993Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $142,120Net loans & leases
  • $5,025Loan loss allowance
  • $0Trading account assets
  • $13,002Bank premises and fixed assets
  • $6,795Other real estate owned
  • $0Goodwill and other intangibles
  • $310,926Life insurance assets
  • $16,771All other assets
  • $279,506Total liabilities and capital
  • $272,361Total liabilities
  • $222,092Total deposits
  • $272,361Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 2320.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,825Subordinated debt
  • $31,420All other liabilities
  • $31,420Total equity capital
  • $31,420Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $19,650Surplus
  • $11,420Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,694Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,522Income earned, not collected on loans
  • $1,153Earning assets
  • $1,296Long-term assets (5+ years)
  • $268,499Average Assets, year-to-date
  • $100,333Average Assets, quarterly
  • $312,219Volatile liabilities
  • $314,495Insider loans
  • $190,670FHLB advances
  • $306,810Loans and leases held for sale
  • $7,750Unused loan commitments
  • $5,977Tier 1 (core) risk-based capital
  • $29,227Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,773Total unused commitments
  • $27,207Restructured Loans and leases
  • $4,179Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,212Total interest income
  • $1,693Total interest expense
  • $11,519Net interest income
  • $700Provision for loan and lease losses
  • $3,228Total noninterest income
  • $0Fiduciary activities
  • $1,681Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,547Additional noninterest income
  • $12,046Total noninterest expense
  • $6,700Salaries and employee benefits
  • $1,379Premises and equipment expense
  • $3,967Additional noninterest expense
  • $2,001Pre-tax net operating income
  • $25Securities gains (losses)
  • $388Applicable income taxes
  • $1,638Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,638Net income attributable to bank
  • $0Net charge-offs
  • $1,638Cash dividends
  • $2,225Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 4.44%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.36%Return on equity (ROE)
  • 5.36%Retained earnings to average equity (YTD only)
  • 1.44%Net charge-offs to loans
  • 31.46%Credit loss provision to net charge-offs
  • 1.21%Efficiency ratio
  • 81,684Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 40.13%Noncurrent assets plus other real estate owned to assets
  • 6.21%Noncurrent loans to loans
  • 8.51%Net loans and leases to deposits
  • 52.18%Net loans and leases to core deposits
  • 54.82%Equity capital to assets
  • 10.11%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 15.33%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $312,219Average earning assets
  • $30,554Average equity
  • $271,443Average loans

List of branches

  • 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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