Farmers State Bank in West Salem, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 8647
    Status: Active
    Federal Reserve ID: 327220
    Bank Holding Company (Regulatory Top Holder): Community Independent Bancorp, Inc. (RSSDID: 1883219, Location: West Salem, OH)
    Date Established: April 15, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9759
    FDIC's unique #: 5514
    Numeric code: 21
    Regulator: FDIC
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 South Main Street, West Salem, OH 44287
    County: Wayne
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Wooster, OH (#49300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $90.1 mil
    Equity capital: $9.5 mil
    Deposits held in domestic offices: $73.9 mil
    Return on assets (ROA): 0.47% ($0.4 mil)
    Quarterly return on assets: 0.70% ($0.6 mil)
    Return on Equity (ROE): 4.94% ($0.5 mil)
    Quarterly return on equity: 6.53% ($0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.59% ($531.8 mil)
    Quarterly Pretax return on assets: 0.97% ($874.3 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
  • 41Total employees (full-time equivalent)
  • $90,130Total assets
  • $8,304Cash and due from depository institutions
  • $5,519Interest-bearing balances
  • $19,206Securities
  • $1,987Federal funds sold & reverse repurchase agreements
  • $55,823Net loans & leases
  • $812Loan loss allowance
  • $0Trading account assets
  • $3,225Bank premises and fixed assets
  • $106Other real estate owned
  • $160Goodwill and other intangibles
  • $90,131Life insurance assets
  • $1,319All other assets
  • $80,618Total liabilities and capital
  • $73,926Total liabilities
  • $55,386Total deposits
  • $73,926Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,221Trading liabilities
  • $0Other borrowed funds
  • $471Subordinated debt
  • $9,513All other liabilities
  • $9,513Total equity capital
  • $9,513Total bank equity capital
  • $0Perpetual preferred stock
  • $444Common stock
  • $2,993Surplus
  • $6,076Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,622Income earned, not collected on loans
  • $50Earning assets
  • $272Long-term assets (5+ years)
  • $82,535Average Assets, year-to-date
  • $53,525Average Assets, quarterly
  • $85,215Volatile liabilities
  • $88,803Insider loans
  • $53,780FHLB advances
  • $88,470Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,392Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,404Restructured Loans and leases
  • $286Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,563Total interest income
  • $509Total interest expense
  • $3,054Net interest income
  • $75Provision for loan and lease losses
  • $976Total noninterest income
  • $0Fiduciary activities
  • $413Service charges on deposit accounts
  • $0Trading account gains & fees
  • $563Additional noninterest income
  • $3,454Total noninterest expense
  • $1,853Salaries and employee benefits
  • $591Premises and equipment expense
  • $1,010Additional noninterest expense
  • $501Pre-tax net operating income
  • $4Securities gains (losses)
  • $103Applicable income taxes
  • $402Income before extraordinary items
  • $0Extraordinary gains - net
  • $402Net income attributable to bank
  • $0Net charge-offs
  • $402Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $114Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 3.97%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 4.94%Return on equity (ROE)
  • 3.54%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 182.93%Credit loss provision to net charge-offs
  • 14.05%Efficiency ratio
  • 85,707Assets per employee
  • 2.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.36%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 50.06%Noncurrent assets plus other real estate owned to assets
  • 1.92%Noncurrent loans to loans
  • 2.86%Net loans and leases to deposits
  • 75.51%Net loans and leases to core deposits
  • 75.79%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 10.62%Tier 1 risk-based capital ratio
  • 17.46%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $85,215Average earning assets
  • $8,138Average equity
  • $77,020Average loans

List of branches

  • 5 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05514Farmers State Bank11 South Main Street, West Salem, OH 44287April 15, 1915Full Service Brick and Mortar
    1218796Ashland Branch2017 S Baney Rd, Ashland, OH 44805April 01, 1991Full Service Brick and Mortar
    2218797East Main Street Branch1690 East Main Street, Ashland, OH 44805September 19, 1998Full Service Brick and Mortar
    3446056Marshallville Branch10 North Main Street, Marshallville, OH 44645November 28, 2005Full Service Brick and Mortar
    4456610Rittman Branch205 North Main Street, Rittman, OH 44270November 20, 2006Full Service Brick and Mortar

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