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

Farmers State Bank of Canton - Overview

  • General
  • FDIC Certificate #: 11133
    Status: Active
    Federal Reserve ID: 91950
    Bank Holding Company (Regulatory Top Holder): Lincoln Holding Company (RSSDID: 1496244, Location: Canton, SD)
    Date Established: October 01, 1901
    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 #: 7105
    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: 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: 220 East Fifth Street, Canton, SD 57013
    County: Lincoln
    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
    Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
    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: $44.8 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $38.1 mil
    Return on assets (ROA): 0.69% ($0.3 mil)
    Quarterly return on assets: 0.73% ($0.3 mil)
    Return on Equity (ROE): 6.54% ($0.3 mil)
    Quarterly return on equity: 6.82% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.99% ($443.3 mil)
    Quarterly Pretax return on assets: 1.05% ($470.1 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
  • 16Total employees (full-time equivalent)
  • $44,775Total assets
  • $3,737Cash and due from depository institutions
  • $1,231Interest-bearing balances
  • $7,819Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,520Net loans & leases
  • $410Loan loss allowance
  • $0Trading account assets
  • $315Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $44,775Life insurance assets
  • $2,384All other assets
  • $40,014Total liabilities and capital
  • $38,112Total liabilities
  • $30,643Total deposits
  • $38,112Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 915.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $987Subordinated debt
  • $4,761All other liabilities
  • $4,761Total equity capital
  • $4,761Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,750Surplus
  • $2,511Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $461Income earned, not collected on loans
  • $0Earning assets
  • $408Long-term assets (5+ years)
  • $39,570Average Assets, year-to-date
  • $3,358Average Assets, quarterly
  • $44,348Volatile liabilities
  • $44,227Insider loans
  • $34,193FHLB advances
  • $48,042Loans and leases held for sale
  • $1,629Unused loan commitments
  • $1,629Tier 1 (core) risk-based capital
  • $4,751Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,962Restructured Loans and leases
  • $622Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,978Total interest income
  • $262Total interest expense
  • $1,716Net interest income
  • $0Provision for loan and lease losses
  • $343Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $126Additional noninterest income
  • $1,623Total noninterest expense
  • $949Salaries and employee benefits
  • $153Premises and equipment expense
  • $521Additional noninterest expense
  • $436Pre-tax net operating income
  • $1Securities gains (losses)
  • $133Applicable income taxes
  • $304Income before extraordinary items
  • $0Extraordinary gains - net
  • $304Net income attributable to bank
  • $0Net charge-offs
  • $304Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 6.54%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 24.22%Efficiency ratio
  • 78,825Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.89%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 88.94%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.49%Net loans and leases to deposits
  • 80.08%Net loans and leases to core deposits
  • 84.51%Equity capital to assets
  • 10.63%Core capital (leverage) ratio
  • 9.89%Tier 1 risk-based capital ratio
  • 13.89%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $44,348Average earning assets
  • $4,650Average equity
  • $39,308Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07105Farmers State Bank Of Canton220 East Fifth Street, Canton, SD 57013October 01, 1901Full Service Brick and Mortar

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