Farmers State Bank in Marion, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 9935
    Status: Active
    Federal Reserve ID: 474450
    Bank Holding Company (Regulatory Top Holder): First State Associates, Inc. (RSSDID: 2410582, Location: Hawarden, IA)
    Date Established: January 01, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6352
    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: 211 North Broadway, Marion, SD 57043
    County: Turner
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $63.1 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $54.5 mil
    Return on assets (ROA): 1.58% ($1.0 mil)
    Quarterly return on assets: 1.44% ($0.9 mil)
    Return on Equity (ROE): 13.85% ($1.0 mil)
    Quarterly return on equity: 12.56% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.68% ($1,059.7 mil)
    Quarterly Pretax return on assets: 1.52% ($958.8 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)
  • $63,079Total assets
  • $7,808Cash and due from depository institutions
  • $6,164Interest-bearing balances
  • $1,954Securities
  • $27Federal funds sold & reverse repurchase agreements
  • $48,700Net loans & leases
  • $146Loan loss allowance
  • $0Trading account assets
  • $1,608Bank premises and fixed assets
  • $0Other real estate owned
  • $1,812Goodwill and other intangibles
  • $63,079Life insurance assets
  • $1,170All other assets
  • $55,959Total liabilities and capital
  • $54,488Total liabilities
  • $40,884Total deposits
  • $54,488Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,326Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $7,120All other liabilities
  • $7,120Total equity capital
  • $7,120Total bank equity capital
  • $0Perpetual preferred stock
  • $147Common stock
  • $6,721Surplus
  • $252Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $141Income earned, not collected on loans
  • $0Earning assets
  • $799Long-term assets (5+ years)
  • $56,845Average Assets, year-to-date
  • $6,602Average Assets, quarterly
  • $61,487Volatile liabilities
  • $62,381Insider loans
  • $49,184FHLB advances
  • $63,118Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,288Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,456Restructured Loans and leases
  • $1,690Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,073Total interest income
  • $445Total interest expense
  • $2,628Net interest income
  • $144Provision for loan and lease losses
  • $425Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $330Additional noninterest income
  • $1,871Total noninterest expense
  • $1,259Salaries and employee benefits
  • $179Premises and equipment expense
  • $433Additional noninterest expense
  • $1,038Pre-tax net operating income
  • -$4Securities gains (losses)
  • $60Applicable income taxes
  • $974Income before extraordinary items
  • $0Extraordinary gains - net
  • $974Net income attributable to bank
  • $0Net charge-offs
  • $974Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $621Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.82%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 13.85%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -7200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,646Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.76%Loss allowance to loans
  • 0.30%Loss allowance to noncurrent loans
  • 103.55%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 89.38%Net loans and leases to core deposits
  • 90.54%Equity capital to assets
  • 11.29%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 10.75%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $61,487Average earning assets
  • $7,031Average equity
  • $54,474Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06352Farmers State Bank211 North Broadway, Marion, SD 57043January 01, 1904Full Service Brick and Mortar
    1221590Parker Branch100 South Main, Parker, SD 57053December 15, 1989Full Service Brick and Mortar
    28029Bridgewater Branch330 Main Street, Bridgewater, SD 57319Febuary 23, 1904Full Service Brick and Mortar

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