Farmers State Bank in Lincolnton, Georgia (GA)



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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)29
Total assets$125,069
Cash and due from depository institutions$18,178
Interest-bearing balances$15,833
Securities$43,042
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$57,132
Loan loss allowance $1,030
Trading account assets$0
Bank premises and fixed assets$911
Other real estate owned$1,087
Goodwill and other intangibles$0
All other assets$4,719
Life insurance assets$125,069
Total liabilities and capital$109,940
Total liabilities$96,659
Total deposits$81,012
Interest-bearing deposits$96,659
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,000
Other borrowed funds $0
Subordinated debt $281
All other liabilities $15,129
Total equity capital$15,129
Total bank equity capital$15,129
Perpetual preferred stock$0
Common stock$200
Surplus$7,000
Undivided profits $7,929
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 $3,640
Earning assets $0
Long-term assets (5+ years) $673
Average Assets, year-to-date $116,007
Average Assets, quarterly $47,993
Volatile liabilities $122,539
Insider loans $125,853
FHLB advances $67,730
Loans and leases held for sale $124,212
Unused loan commitments $2,227
Tier 1 (core) risk-based capital $2,227
Tier 2 risk-based capital $13,881
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,174
Derivatives$979
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,761
Total interest expense $1,720
Net interest income $4,041
Provision for loan and lease losses $450
Total noninterest income $441
Fiduciary activities $0
Service charges on deposit accounts $617
Trading account gains & fees $0
Additional noninterest income -$176
Total noninterest expense $3,253
Salaries and employee benefits $1,786
Premises and equipment expense $269
Additional noninterest expense $1,198
Pre-tax net operating income $779
Securities gains (losses) $61
Applicable income taxes $0
Income before extraordinary items $840
Extraordinary gains - net $0
Net income attributable to bank $840
Net charge-offs $0
Cash dividends $840
Sale, conversion, retirement of capital stock, net $405
Net operating income $613
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.67%
Cost of funding earning assets 1.69%
Net interest margin 3.98%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 3.20%
Net operating income to assets 0.64%
Return on assets (ROA) 0.69%
Pretax return on assets 0.69%
Return on equity (ROE) 5.80%
Retained earnings to average equity (YTD only) 1.57%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 111.11%
Efficiency ratio3.03%
Assets per employee$72,579
Cash dividends to net income (YTD only)4.31%
Condition Ratios (%)
Loss allowance to loans 72.98%
Loss allowance to noncurrent loans 1.77%
Noncurrent assets plus other real estate owned to assets 28.30%
Noncurrent loans to loans 3.78%
Net loans and leases to deposits6.26%
Net loans and leases to core deposits 59.11%
Equity capital to assets 71.34%
Core capital (leverage) ratio 12.10%
Tier 1 risk-based capital ratio 11.18%
Total risk-based capital ratio 20.49%
Memoranda
Average assets$22
Average earning assets$122,539
Average equity $14,476
Average loans $101,650
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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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