Farmers State Bank in Northwood, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 5797
    Status: Active
    Federal Reserve ID: 537243
    Bank Holding Company (Regulatory Top Holder): Farmers State Bancshares, Inc. (RSSDID: 2471985, Location: Mason City, IA)
    Date Established: November 15, 1921
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 3958
    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: 99 7th Street North, Northwood, IA 50459
    County: Worth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Mason City, IA (#32380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.0 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $125.2 mil
    Return on assets (ROA): 1.25% ($1.9 mil)
    Quarterly return on assets: 0.50% ($0.7 mil)
    Return on Equity (ROE): 13.02% ($2.0 mil)
    Quarterly return on equity: 4.85% ($0.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.62% ($2,396.8 mil)
    Quarterly Pretax return on assets: 0.42% ($621.4 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
  • 37Total employees (full-time equivalent)
  • $147,953Total assets
  • $3,009Cash and due from depository institutions
  • $39Interest-bearing balances
  • $56,559Securities
  • $2,385Federal funds sold & reverse repurchase agreements
  • $79,968Net loans & leases
  • $785Loan loss allowance
  • $0Trading account assets
  • $1,601Bank premises and fixed assets
  • $93Other real estate owned
  • $117Goodwill and other intangibles
  • $147,952Life insurance assets
  • $4,221All other assets
  • $132,676Total liabilities and capital
  • $125,177Total liabilities
  • $108,262Total deposits
  • $125,177Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $1,499Subordinated debt
  • $15,276All other liabilities
  • $15,276Total equity capital
  • $15,276Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,795Surplus
  • $13,331Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $162Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $965Income earned, not collected on loans
  • $0Earning assets
  • $1,540Long-term assets (5+ years)
  • $138,951Average Assets, year-to-date
  • $53,907Average Assets, quarterly
  • $141,229Volatile liabilities
  • $147,857Insider loans
  • $88,194FHLB advances
  • $146,543Loans and leases held for sale
  • $1,555Unused loan commitments
  • $1,555Tier 1 (core) risk-based capital
  • $13,273Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,252Restructured Loans and leases
  • $833Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,007Total interest income
  • $1,552Total interest expense
  • $5,455Net interest income
  • $388Provision for loan and lease losses
  • $668Total noninterest income
  • $0Fiduciary activities
  • $449Service charges on deposit accounts
  • $0Trading account gains & fees
  • $219Additional noninterest income
  • $3,467Total noninterest expense
  • $2,168Salaries and employee benefits
  • $591Premises and equipment expense
  • $708Additional noninterest expense
  • $2,268Pre-tax net operating income
  • $20Securities gains (losses)
  • $525Applicable income taxes
  • $1,763Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,763Net income attributable to bank
  • $0Net charge-offs
  • $1,763Cash dividends
  • $421Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 13.02%Return on equity (ROE)
  • 11.92%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 92.16%Credit loss provision to net charge-offs
  • 6.31%Efficiency ratio
  • 56,133Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.51%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 81.35%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 63.88%Net loans and leases to core deposits
  • 72.07%Equity capital to assets
  • 10.32%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 15.05%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $141,229Average earning assets
  • $13,537Average equity
  • $132,509Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $166Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 23Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $166Other retirement accounts
  • $166Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03958Farmers State Bank99 7th Street North, Northwood, IA 50459November 15, 1921Full Service Brick and Mortar
    18851Joice Branch202 Main Street, Joice, IA 50446June 01, 1900Full Service Brick and Mortar
    2208192Plymouth Branch520 Main Street, Plymouth, IA 50464June 24, 1994Full Service Brick and Mortar
    38699Ventura Branch5 West Ventura Street, Ventura, IA 50482January 01, 1926Full Service Brick and Mortar
    4208193Grafton Branch302 - 4th Avenue, Grafton, IA 50440March 20, 1996Full Service Brick and Mortar
    5429985Mason City Office Branch517 So Federal, Mason City, IA 50401December 01, 2003Full Service Brick and Mortar
    69184St Ansgar Branch345 West Fourth Street, Saint Ansgar, IA 50472January 01, 1902Full Service Brick and Mortar
    7511734Mason City West Branch2501 4th St Sw, Mason City, IA 50401Febuary 16, 2010Full Service Brick and Mortar

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