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

  • Farmers State Bank in Lake View, Iowa (IA)
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Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 9295
    Status: Active
    Federal Reserve ID: 749840
    Bank Holding Company (Regulatory Top Holder): Jems, Inc. (RSSDID: 1201756, Location: Lake View, IA)
    Date Established: January 01, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5950
    Numeric code: 13
    Regulator: FED
    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: No
    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: 401 Main Street, Lake View, IA 51450
    County: Sac
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    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: $30.3 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $26.9 mil
    Return on assets (ROA): 0.61% ($0.2 mil)
    Quarterly return on assets: 0.29% ($0.1 mil)
    Return on Equity (ROE): 5.38% ($0.2 mil)
    Quarterly return on equity: 2.65% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.87% ($263.3 mil)
    Quarterly Pretax return on assets: 0.58% ($175.5 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
  • 8Total employees (full-time equivalent)
  • $30,266Total assets
  • $7,568Cash and due from depository institutions
  • $6,200Interest-bearing balances
  • $7,893Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $14,317Net loans & leases
  • $375Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $95Other real estate owned
  • $0Goodwill and other intangibles
  • $30,266Life insurance assets
  • $393All other assets
  • $26,964Total liabilities and capital
  • $26,877Total liabilities
  • $23,317Total deposits
  • $26,877Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $87Subordinated debt
  • $3,302All other liabilities
  • $3,302Total equity capital
  • $3,302Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $800Surplus
  • $2,452Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9Income earned, not collected on loans
  • $0Earning assets
  • $193Long-term assets (5+ years)
  • $28,410Average Assets, year-to-date
  • $438Average Assets, quarterly
  • $28,849Volatile liabilities
  • $29,903Insider loans
  • $13,368FHLB advances
  • $30,094Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,302Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $698Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,157Total interest income
  • $179Total interest expense
  • $978Net interest income
  • $110Provision for loan and lease losses
  • $49Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$15Additional noninterest income
  • $665Total noninterest expense
  • $434Salaries and employee benefits
  • $82Premises and equipment expense
  • $149Additional noninterest expense
  • $252Pre-tax net operating income
  • $0Securities gains (losses)
  • $77Applicable income taxes
  • $175Income before extraordinary items
  • $0Extraordinary gains - net
  • $175Net income attributable to bank
  • $0Net charge-offs
  • $175Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 5.38%Return on equity (ROE)
  • 3.84%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 135.80%Credit loss provision to net charge-offs
  • 4.47%Efficiency ratio
  • 64,752Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.57%Loss allowance to loans
  • 2.55%Loss allowance to noncurrent loans
  • 4166.67%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 53.27%Net loans and leases to core deposits
  • 53.77%Equity capital to assets
  • 10.91%Core capital (leverage) ratio
  • 10.97%Tier 1 risk-based capital ratio
  • 24.70%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $28,849Average earning assets
  • $3,254Average equity
  • $27,364Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05950Farmers State Bank401 Main Street, Lake View, IA 51450January 01, 1914Full Service Brick and Mortar

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