Farmers State Bank of Adams, Minnesota in Adams, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Adams, Minnesota - Overview

  • General
  • FDIC Certificate #: 8821
    Status: Active
    Federal Reserve ID: 328656
    Bank Holding Company (Regulatory Top Holder): Adams Bancshares, Inc. (RSSDID: 1126738, Location: Adams, MN)
    Date Established: January 01, 1914
    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 #: 15672
    FDIC's unique #: 5618
    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: 15 4th Street Sw, Adams, MN 55909
    County: Mower
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Austin, MN (#12380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.9 mil
    Equity capital: $8.8 mil
    Deposits held in domestic offices: $67.2 mil
    Return on assets (ROA): 2.29% ($1.9 mil)
    Quarterly return on assets: 1.89% ($1.6 mil)
    Return on Equity (ROE): 18.88% ($1.7 mil)
    Quarterly return on equity: 16.24% ($1.5 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.29% ($1,898.8 mil)
    Quarterly Pretax return on assets: 1.89% ($1,567.2 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
  • 14Total employees (full-time equivalent)
  • $82,918Total assets
  • $5,948Cash and due from depository institutions
  • $332Interest-bearing balances
  • $13,439Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $60,007Net loans & leases
  • $970Loan loss allowance
  • $0Trading account assets
  • $290Bank premises and fixed assets
  • $210Other real estate owned
  • $0Goodwill and other intangibles
  • $82,918Life insurance assets
  • $3,024All other assets
  • $74,098Total liabilities and capital
  • $67,190Total liabilities
  • $56,588Total deposits
  • $67,190Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 367.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $541Subordinated debt
  • $8,820All other liabilities
  • $8,820Total equity capital
  • $8,820Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $3,700Surplus
  • $5,070Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $856Long-term assets (5+ years)
  • $73,778Average Assets, year-to-date
  • $10,308Average Assets, quarterly
  • $79,021Volatile liabilities
  • $81,793Insider loans
  • $64,142FHLB advances
  • $81,862Loans and leases held for sale
  • $1,429Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,249Tier 2 risk-based capital
  • $1,429Total risk weighted assets
  • $0Total unused commitments
  • $11,320Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,036Total interest income
  • $810Total interest expense
  • $3,226Net interest income
  • $135Provision for loan and lease losses
  • $335Total noninterest income
  • $0Fiduciary activities
  • $134Service charges on deposit accounts
  • $0Trading account gains & fees
  • $201Additional noninterest income
  • $1,616Total noninterest expense
  • $1,146Salaries and employee benefits
  • $168Premises and equipment expense
  • $302Additional noninterest expense
  • $1,810Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $1,809Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,809Net income attributable to bank
  • $0Net charge-offs
  • $1,809Cash dividends
  • $108Sale, conversion, retirement of capital stock, net
  • $2,719Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 2.29%Net operating income to assets
  • 2.29%Return on assets (ROA)
  • 2.29%Pretax return on assets
  • 18.88%Return on equity (ROE)
  • -9.50%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 125.00%Credit loss provision to net charge-offs
  • 18.01%Efficiency ratio
  • 45,381Assets per employee
  • 5.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 150.30%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 89.31%Net loans and leases to core deposits
  • 92.43%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 10.08%Tier 1 risk-based capital ratio
  • 12.86%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $79,021Average earning assets
  • $9,581Average equity
  • $70,402Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05618Farmers State Bank Of Adams, Minnesota15 4th Street Sw, Adams, MN 55909January 01, 1914Full Service Brick and Mortar
    15239Rose Creek Branch61255 170th Street, Rose Creek, MN 55970March 25, 1908Full Service Brick and Mortar

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