Farmers State Bank in Stickney, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
    Change in FED-RSSD-ID
    Name Change
  • Financial Summary
  • Total 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
  • 16Total employees (full-time equivalent)
  • $101,337Total assets
  • $4,549Cash and due from depository institutions
  • $2,716Interest-bearing balances
  • $20,636Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $71,190Net loans & leases
  • $1,388Loan loss allowance
  • $0Trading account assets
  • $466Bank premises and fixed assets
  • $125Other real estate owned
  • $0Goodwill and other intangibles
  • $101,337Life insurance assets
  • $4,371All other assets
  • $91,580Total liabilities and capital
  • $83,887Total liabilities
  • $69,464Total deposits
  • $83,887Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 3135.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,422Trading liabilities
  • $0Other borrowed funds
  • $1,136Subordinated debt
  • $9,757All other liabilities
  • $9,757Total equity capital
  • $9,757Total bank equity capital
  • $0Perpetual preferred stock
  • $182Common stock
  • $7,491Surplus
  • $2,084Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $188Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $825Income earned, not collected on loans
  • $0Earning assets
  • $1,448Long-term assets (5+ years)
  • $94,542Average Assets, year-to-date
  • $13,685Average Assets, quarterly
  • $100,795Volatile liabilities
  • $99,252Insider loans
  • $92,560FHLB advances
  • $100,539Loans and leases held for sale
  • $1,593Unused loan commitments
  • $1,593Tier 1 (core) risk-based capital
  • $9,757Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,714Restructured Loans and leases
  • $878Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,618Total interest income
  • $1,002Total interest expense
  • $3,616Net interest income
  • $0Provision for loan and lease losses
  • $313Total noninterest income
  • $0Fiduciary activities
  • $176Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $2,142Total noninterest expense
  • $1,212Salaries and employee benefits
  • $175Premises and equipment expense
  • $755Additional noninterest expense
  • $1,787Pre-tax net operating income
  • $0Securities gains (losses)
  • $657Applicable income taxes
  • $1,130Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,130Net income attributable to bank
  • $0Net charge-offs
  • $1,130Cash dividends
  • $165Sale, conversion, retirement of capital stock, net
  • $538Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 11.73%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.83%Efficiency ratio
  • 54,518Assets per employee
  • 6.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.61%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 168.24%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 1.14%Net loans and leases to deposits
  • 84.86%Net loans and leases to core deposits
  • 90.51%Equity capital to assets
  • 9.63%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 10.54%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $100,795Average earning assets
  • $9,635Average equity
  • $94,648Average loans

List of branches

  • 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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