Farmers State Bank in Lincolnton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers State Bank in Lincolnton, Georgia (GA)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 879
    Status: Active
    Federal Reserve ID: 773032
    Bank Holding Company (Regulatory Top Holder): Lincoln Bancshares, Inc. (RSSDID: 2645937, Location: Lincolnton, GA)
    Date Established: December 02, 1911
    WWW: http://www.fsblccom
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14287
    FDIC's unique #: 561
    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: Yes
    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: August 12, 2011
    Last Data Update: August 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: U.S. Highway 378 And Ward Avenue, Lincolnton, GA 30817
    County: Lincoln
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $125.1 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $96.7 mil
    Return on assets (ROA): 0.69% ($0.9 mil)
    Quarterly return on assets: 0.78% ($1.0 mil)
    Return on Equity (ROE): 5.80% ($0.9 mil)
    Quarterly return on equity: 6.43% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.69% ($863.0 mil)
    Quarterly Pretax return on assets: 0.78% ($975.5 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
  • 29Total employees (full-time equivalent)
  • $125,069Total assets
  • $18,178Cash and due from depository institutions
  • $15,833Interest-bearing balances
  • $43,042Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,132Net loans & leases
  • $1,030Loan loss allowance
  • $0Trading account assets
  • $911Bank premises and fixed assets
  • $1,087Other real estate owned
  • $0Goodwill and other intangibles
  • $125,069Life insurance assets
  • $4,719All other assets
  • $109,940Total liabilities and capital
  • $96,659Total liabilities
  • $81,012Total deposits
  • $96,659Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $281Subordinated debt
  • $15,129All other liabilities
  • $15,129Total equity capital
  • $15,129Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $7,000Surplus
  • $7,929Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,640Income earned, not collected on loans
  • $0Earning assets
  • $673Long-term assets (5+ years)
  • $116,007Average Assets, year-to-date
  • $47,993Average Assets, quarterly
  • $122,539Volatile liabilities
  • $125,853Insider loans
  • $67,730FHLB advances
  • $124,212Loans and leases held for sale
  • $2,227Unused loan commitments
  • $2,227Tier 1 (core) risk-based capital
  • $13,881Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,174Restructured Loans and leases
  • $979Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,761Total interest income
  • $1,720Total interest expense
  • $4,041Net interest income
  • $450Provision for loan and lease losses
  • $441Total noninterest income
  • $0Fiduciary activities
  • $617Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$176Additional noninterest income
  • $3,253Total noninterest expense
  • $1,786Salaries and employee benefits
  • $269Premises and equipment expense
  • $1,198Additional noninterest expense
  • $779Pre-tax net operating income
  • $61Securities gains (losses)
  • $0Applicable income taxes
  • $840Income before extraordinary items
  • $0Extraordinary gains - net
  • $840Net income attributable to bank
  • $0Net charge-offs
  • $840Cash dividends
  • $405Sale, conversion, retirement of capital stock, net
  • $613Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 5.80%Return on equity (ROE)
  • 1.57%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 111.11%Credit loss provision to net charge-offs
  • 3.03%Efficiency ratio
  • 72,579Assets per employee
  • 4.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.98%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 28.30%Noncurrent assets plus other real estate owned to assets
  • 3.78%Noncurrent loans to loans
  • 6.26%Net loans and leases to deposits
  • 59.11%Net loans and leases to core deposits
  • 71.34%Equity capital to assets
  • 12.10%Core capital (leverage) ratio
  • 11.18%Tier 1 risk-based capital ratio
  • 20.49%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $122,539Average earning assets
  • $14,476Average equity
  • $101,650Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0561Farmers State BankU.S. Highway 378 And Ward Avenue, Lincolnton, GA 30817December 02, 1911Full Service Brick and Mortar
    1186492Washington Branch209 East Court Street, Washington, GA 30673June 23, 1997Full Service Brick and Mortar

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