Farmers State Bank in city_name, state_name - Detailed Financial Reports, Location

Farmers State Bank in Algona, Iowa (IA)
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Farmers State Bank routing number info

Farmers State Bank - Overview

General
FDIC Certificate #: 8760
Status: Active
Federal Reserve ID: 208440
Bank Holding Company (Regulatory Top Holder): Whittemore Bancshares, Inc. (RSSDID: 1245611, Location: Whittemore, IA)
Date Established: January 01, 1895
WWW: http://www.fsbiowa.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 14194
FDIC's unique #: 5576
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: Yes
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: 501 East State Street, Algona, IA 50511
County: Kossuth
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $95.2 mil
Equity capital: $7.7 mil
Deposits held in domestic offices: $83.8 mil
Return on assets (ROA): 1.30% ($1.2 mil)
Quarterly return on assets: 0.81% ($0.8 mil)
Return on Equity (ROE): 16.06% ($1.3 mil)
Quarterly return on equity: 10.08% ($0.8 mil)
Net income: $1.2 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.38% ($1,314.0 mil)
Quarterly Pretax return on assets: 0.90% ($856.9 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
19Total employees (full-time equivalent)
$95,215Total assets
$6,672Cash and due from depository institutions
$4,251Interest-bearing balances
$13,550Securities
$0Federal funds sold & reverse repurchase agreements
$72,153Net loans & leases
$1,155Loan loss allowance
$0Trading account assets
$553Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$95,215Life insurance assets
$2,287All other assets
$87,543Total liabilities and capital
$83,783Total liabilities
$71,890Total deposits
$83,783Interest-bearing deposits
$91Deposits held in domestic offices
698.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,256Trading liabilities
$0Other borrowed funds
$806Subordinated debt
$7,672All other liabilities
$7,672Total equity capital
$7,672Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$1,650Surplus
$5,922Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,643Income earned, not collected on loans
$0Earning assets
$1,115Long-term assets (5+ years)
$89,954Average Assets, year-to-date
$21,454Average Assets, quarterly
$91,904Volatile liabilities
$94,646Insider loans
$76,730FHLB advances
$95,413Loans and leases held for sale
$700Unused loan commitments
$700Tier 1 (core) risk-based capital
$7,669Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,288Restructured Loans and leases
$2,062Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,064Total interest income
$677Total interest expense
$3,387Net interest income
$115Provision for loan and lease losses
$342Total noninterest income
$0Fiduciary activities
$227Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$2,344Total noninterest expense
$1,215Salaries and employee benefits
$408Premises and equipment expense
$721Additional noninterest expense
$1,270Pre-tax net operating income
$0Securities gains (losses)
$71Applicable income taxes
$1,199Income before extraordinary items
$0Extraordinary gains - net
$1,199Net income attributable to bank
$0Net charge-offs
$1,199Cash dividends
-$58Sale, conversion, retirement of capital stock, net
$856Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.74%Yield on earning assets
0.79%Cost of funding earning assets
3.95%Net interest margin
0.40%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
1.30%Net operating income to assets
1.30%Return on assets (ROA)
1.38%Pretax return on assets
16.06%Return on equity (ROE)
4.59%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
-198.28%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,859Assets per employee
5.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.39%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
70.30%Noncurrent assets plus other real estate owned to assets
1.73%Noncurrent loans to loans
2.24%Net loans and leases to deposits
86.12%Net loans and leases to core deposits
87.26%Equity capital to assets
8.06%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
9.99%Total risk-based capital ratio
Memoranda
$11Average assets
$91,904Average earning assets
$7,468Average equity
$85,780Average 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
$132Managed 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
17Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$132Other retirement accounts
$132Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5576	Farmers State Bank	501 East State Street, Algona, IA 50511	January 01, 1895	Full Service Brick and Mortar
1	218905	Whittemore Branch	412 Broad Street, Whittemore, IA 50598	January 15, 1993	Full Service Brick and Mortar
3	451616	West Bend Branch	324 South Broadway, West Bend, IA 50597	June 01, 2006	Full Service Brick and Mortar

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

Farmers State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Farmers State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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