Farmers State Bank in West Salem, Ohio (OH)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC 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
WWW: http://www.farmersstate-oh.com
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)41
Total assets$90,130
Cash and due from depository institutions$8,304
Interest-bearing balances$5,519
Securities$19,206
Federal funds sold & reverse repurchase agreements$1,987
Net loans & leases$55,823
Loan loss allowance $812
Trading account assets$0
Bank premises and fixed assets$3,225
Other real estate owned$106
Goodwill and other intangibles$160
All other assets$1,319
Life insurance assets$90,131
Total liabilities and capital$80,618
Total liabilities$73,926
Total deposits$55,386
Interest-bearing deposits$73,926
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,221
Other borrowed funds $0
Subordinated debt $471
All other liabilities $9,513
Total equity capital$9,513
Total bank equity capital$9,513
Perpetual preferred stock$0
Common stock$444
Surplus$2,993
Undivided profits $6,076
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,622
Earning assets $50
Long-term assets (5+ years) $272
Average Assets, year-to-date $82,535
Average Assets, quarterly $53,525
Volatile liabilities $85,215
Insider loans $88,803
FHLB advances $53,780
Loans and leases held for sale $88,470
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,392
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,404
Derivatives$286
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,563
Total interest expense $509
Net interest income $3,054
Provision for loan and lease losses $75
Total noninterest income $976
Fiduciary activities $0
Service charges on deposit accounts $413
Trading account gains & fees $0
Additional noninterest income $563
Total noninterest expense $3,454
Salaries and employee benefits $1,853
Premises and equipment expense $591
Additional noninterest expense $1,010
Pre-tax net operating income $501
Securities gains (losses) $4
Applicable income taxes $103
Income before extraordinary items $402
Extraordinary gains - net $0
Net income attributable to bank $402
Net charge-offs $0
Cash dividends $402
Sale, conversion, retirement of capital stock, net $41
Net operating income $114
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.63%
Cost of funding earning assets 0.66%
Net interest margin 3.97%
Noninterest income to earning assets 1.27%
Noninterest expense to earning assets 4.48%
Net operating income to assets 0.47%
Return on assets (ROA) 0.47%
Pretax return on assets 0.59%
Return on equity (ROE) 4.94%
Retained earnings to average equity (YTD only) 3.54%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 182.93%
Efficiency ratio14.05%
Assets per employee$85,707
Cash dividends to net income (YTD only)2.20%
Condition Ratios (%)
Loss allowance to loans 28.36%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 50.06%
Noncurrent loans to loans 1.92%
Net loans and leases to deposits2.86%
Net loans and leases to core deposits 75.51%
Equity capital to assets 75.79%
Core capital (leverage) ratio 10.55%
Tier 1 risk-based capital ratio 10.62%
Total risk-based capital ratio 17.46%
Memoranda
Average assets$19
Average earning assets$85,215
Average equity $8,138
Average loans $77,020
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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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