Farmers State Bank, Winthrop, Wash. in Winthrop, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers State Bank, Winthrop, Wash. in Winthrop, Washington (WA)
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Farmers State Bank, Winthrop, Wash. - Overview

  • General
  • FDIC Certificate #: 6156
    Status: Active
    Federal Reserve ID: 694771
    Date Established: January 01, 1916
    WWW: http://www.farmersstatebankwa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 4152
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: Riverside Ave, Winthrop, WA 98862
    County: Okanogan
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $24.8 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $21.4 mil
    Return on assets (ROA): 0.24% ($0.1 mil)
    Quarterly return on assets: 0.07% ($0.0 mil)
    Return on Equity (ROE): 1.62% ($0.0 mil)
    Quarterly return on equity: 0.47% ($0.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.29% ($71.9 mil)
    Quarterly Pretax return on assets: 0.05% ($12.4 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
  • 7Total employees (full-time equivalent)
  • $24,792Total assets
  • $8,734Cash and due from depository institutions
  • $3,727Interest-bearing balances
  • $10,616Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,993Net loans & leases
  • $146Loan loss allowance
  • $0Trading account assets
  • $214Bank premises and fixed assets
  • $73Other real estate owned
  • $0Goodwill and other intangibles
  • $24,792Life insurance assets
  • $162All other assets
  • $21,427Total liabilities and capital
  • $21,362Total liabilities
  • $8,715Total deposits
  • $21,362Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $65Subordinated debt
  • $3,365All other liabilities
  • $3,365Total equity capital
  • $3,365Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $725Surplus
  • $2,615Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $43Income earned, not collected on loans
  • $0Earning assets
  • $120Long-term assets (5+ years)
  • $19,336Average Assets, year-to-date
  • $3,315Average Assets, quarterly
  • $22,224Volatile liabilities
  • $24,089Insider loans
  • $5,009FHLB advances
  • $23,748Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,206Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $748Restructured Loans and leases
  • $403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $704Total interest income
  • $26Total interest expense
  • $678Net interest income
  • $20Provision for loan and lease losses
  • $93Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $698Total noninterest expense
  • $379Salaries and employee benefits
  • $55Premises and equipment expense
  • $264Additional noninterest expense
  • $53Pre-tax net operating income
  • $12Securities gains (losses)
  • $11Applicable income taxes
  • $54Income before extraordinary items
  • $0Extraordinary gains - net
  • $54Net income attributable to bank
  • $0Net charge-offs
  • $54Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.86%Yield on earning assets
  • 0.14%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 1.62%Return on equity (ROE)
  • 1.62%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 58.82%Credit loss provision to net charge-offs
  • 2.15%Efficiency ratio
  • 90,532Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.84%Loss allowance to noncurrent loans
  • 339.53%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 23.37%Net loans and leases to core deposits
  • 23.37%Equity capital to assets
  • 13.57%Core capital (leverage) ratio
  • 13.50%Tier 1 risk-based capital ratio
  • 64.00%Total risk-based capital ratio
  • Memoranda
  • $65Average assets
  • $22,224Average earning assets
  • $3,326Average equity
  • $18,222Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04152Farmers State Bank, Winthrop, Wash.Riverside Ave, Winthrop, WA 98862January 01, 1916Full Service Brick and Mortar

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