Farmers State Bank in Stickney, South Dakota (SD)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC Certificate #: 6080
Status: Active
Federal Reserve ID: 199052
Bank Holding Company (Regulatory Top Holder): John T. Vucurevich Foundation (RSSDID: 3613504, Location: Rapid City, SD)
Date Established: January 01, 1925
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 16056
FDIC's unique #: 4104
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: October 01, 2010
Last Structure Change Process Date: December 02, 2010
Last Data Update: December 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 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
History of ChangesParticipated in Absorption/Consolidation/Merger
Change in FED-RSSD-ID
Name Change
Financial SummaryTotal assets: $101.3 mil
Equity capital: $9.8 mil
Deposits held in domestic offices: $83.9 mil
Return on assets (ROA): 1.12% ($1.1 mil)
Quarterly return on assets: 1.02% ($1.0 mil)
Return on Equity (ROE): 11.73% ($1.2 mil)
Quarterly return on equity: 10.25% ($1.0 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.77% ($1,793.7 mil)
Quarterly Pretax return on assets: 1.62% ($1,641.7 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)16
Total assets$101,337
Cash and due from depository institutions$4,549
Interest-bearing balances$2,716
Securities$20,636
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$71,190
Loan loss allowance $1,388
Trading account assets$0
Bank premises and fixed assets$466
Other real estate owned$125
Goodwill and other intangibles$0
All other assets$4,371
Life insurance assets$101,337
Total liabilities and capital$91,580
Total liabilities$83,887
Total deposits$69,464
Interest-bearing deposits$83,887
Deposits held in domestic offices$94
% insured (estimated)3135.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,422
Other borrowed funds $0
Subordinated debt $1,136
All other liabilities $9,757
Total equity capital$9,757
Total bank equity capital$9,757
Perpetual preferred stock$0
Common stock$182
Surplus$7,491
Undivided profits $2,084
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $188
Income earned, not collected on loans $825
Earning assets $0
Long-term assets (5+ years) $1,448
Average Assets, year-to-date $94,542
Average Assets, quarterly $13,685
Volatile liabilities $100,795
Insider loans $99,252
FHLB advances $92,560
Loans and leases held for sale $100,539
Unused loan commitments $1,593
Tier 1 (core) risk-based capital $1,593
Tier 2 risk-based capital $9,757
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,714
Derivatives$878
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,618
Total interest expense $1,002
Net interest income $3,616
Provision for loan and lease losses $0
Total noninterest income $313
Fiduciary activities $0
Service charges on deposit accounts $176
Trading account gains & fees $0
Additional noninterest income $137
Total noninterest expense $2,142
Salaries and employee benefits $1,212
Premises and equipment expense $175
Additional noninterest expense $755
Pre-tax net operating income $1,787
Securities gains (losses) $0
Applicable income taxes $657
Income before extraordinary items $1,130
Extraordinary gains - net $0
Net income attributable to bank $1,130
Net charge-offs $0
Cash dividends $1,130
Sale, conversion, retirement of capital stock, net $165
Net operating income $538
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.88%
Cost of funding earning assets 1.06%
Net interest margin 3.82%
Noninterest income to earning assets 0.33%
Noninterest expense to earning assets 2.26%
Net operating income to assets 1.12%
Return on assets (ROA) 1.12%
Pretax return on assets 1.77%
Return on equity (ROE) 11.73%
Retained earnings to average equity (YTD only) 6.14%
Net charge-offs to loans 0.23%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio10.83%
Assets per employee$54,518
Cash dividends to net income (YTD only)6.33%
Condition Ratios (%)
Loss allowance to loans 47.61%
Loss allowance to noncurrent loans 1.91%
Noncurrent assets plus other real estate owned to assets 168.24%
Noncurrent loans to loans 0.94%
Net loans and leases to deposits1.14%
Net loans and leases to core deposits 84.86%
Equity capital to assets 90.51%
Core capital (leverage) ratio 9.63%
Tier 1 risk-based capital ratio 9.70%
Total risk-based capital ratio 10.54%
Memoranda
Average assets$12
Average earning assets$100,795
Average equity $9,635
Average loans $94,648
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3 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04104Farmers State Bank221 Main Street, Stickney, SD 57375January 01, 1925Full Service Brick and Mortar
16353Carthage Branch221 Main St, Carthage, SD 57323September 06, 1907Full Service Brick and Mortar
211767Farmers State Bank Branch201 S Ottawa St, Iroquois, SD 57353December 28, 1957Full Service Brick and Mortar
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