Farmers State Bank in Marion, South Dakota (SD)

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Farmers State Bank routing number info

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Farmers State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$63,079
Cash and due from depository institutions$7,808
Interest-bearing balances$6,164
Federal funds sold & reverse repurchase agreements$27
Net loans & leases$48,700
Loan loss allowance $146
Trading account assets$0
Bank premises and fixed assets$1,608
Other real estate owned$0
Goodwill and other intangibles$1,812
All other assets$1,170
Life insurance assets$63,079
Total liabilities and capital$55,959
Total liabilities$54,488
Total deposits$40,884
Interest-bearing deposits$54,488
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,326
Other borrowed funds $0
Subordinated debt $145
All other liabilities $7,120
Total equity capital$7,120
Total bank equity capital$7,120
Perpetual preferred stock$0
Common stock$147
Undivided profits $252
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 $141
Earning assets $0
Long-term assets (5+ years) $799
Average Assets, year-to-date $56,845
Average Assets, quarterly $6,602
Volatile liabilities $61,487
Insider loans $62,381
FHLB advances $49,184
Loans and leases held for sale $63,118
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,288
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,456
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,073
Total interest expense $445
Net interest income $2,628
Provision for loan and lease losses $144
Total noninterest income $425
Fiduciary activities $0
Service charges on deposit accounts $95
Trading account gains & fees $0
Additional noninterest income $330
Total noninterest expense $1,871
Salaries and employee benefits $1,259
Premises and equipment expense $179
Additional noninterest expense $433
Pre-tax net operating income $1,038
Securities gains (losses) -$4
Applicable income taxes $60
Income before extraordinary items $974
Extraordinary gains - net $0
Net income attributable to bank $974
Net charge-offs $0
Cash dividends $974
Sale, conversion, retirement of capital stock, net -$2
Net operating income $621
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.64%
Cost of funding earning assets 0.82%
Net interest margin 4.82%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 3.43%
Net operating income to assets 1.59%
Return on assets (ROA) 1.58%
Pretax return on assets 1.68%
Return on equity (ROE) 13.85%
Retained earnings to average equity (YTD only) 5.02%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs -7200.00%
Efficiency ratio0.00%
Assets per employee$59,646
Cash dividends to net income (YTD only)3.32%
Condition Ratios (%)
Loss allowance to loans 63.76%
Loss allowance to noncurrent loans 0.30%
Noncurrent assets plus other real estate owned to assets 103.55%
Noncurrent loans to loans 0.22%
Net loans and leases to deposits0.29%
Net loans and leases to core deposits 89.38%
Equity capital to assets 90.54%
Core capital (leverage) ratio 11.29%
Tier 1 risk-based capital ratio 8.38%
Total risk-based capital ratio 10.75%
Average assets$11
Average earning assets$61,487
Average equity $7,031
Average loans $54,474
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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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