Farmers State Bank of Danforth in Danforth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Danforth - Overview

  • General
  • FDIC Certificate #: 10802
    Status: Active
    Federal Reserve ID: 41937
    Bank Holding Company (Regulatory Top Holder): Prairie State Bancorp, Inc. (RSSDID: 1427529, Location: Danforth, IL)
    Date Established: October 18, 1915
    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 #: 12651
    FDIC's unique #: 6908
    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: Front And Adams Streets, Danforth, IL 60930
    County: Iroquois
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $63.9 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $57.5 mil
    Return on assets (ROA): 0.83% ($0.5 mil)
    Quarterly return on assets: 0.89% ($0.6 mil)
    Return on Equity (ROE): 9.07% ($0.5 mil)
    Quarterly return on equity: 9.41% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.94% ($600.4 mil)
    Quarterly Pretax return on assets: 1.28% ($817.6 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)
  • $63,873Total assets
  • $2,699Cash and due from depository institutions
  • $36Interest-bearing balances
  • $29,100Securities
  • $4,345Federal funds sold & reverse repurchase agreements
  • $26,196Net loans & leases
  • $333Loan loss allowance
  • $0Trading account assets
  • $516Bank premises and fixed assets
  • $0Other real estate owned
  • $109Goodwill and other intangibles
  • $63,873Life insurance assets
  • $908All other assets
  • $58,038Total liabilities and capital
  • $57,550Total liabilities
  • $49,156Total deposits
  • $57,550Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $488Subordinated debt
  • $5,835All other liabilities
  • $5,835Total equity capital
  • $5,835Total bank equity capital
  • $0Perpetual preferred stock
  • $330Common stock
  • $1,920Surplus
  • $3,585Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $280Income earned, not collected on loans
  • $0Earning assets
  • $647Long-term assets (5+ years)
  • $59,677Average Assets, year-to-date
  • $22,978Average Assets, quarterly
  • $60,476Volatile liabilities
  • $62,107Insider loans
  • $34,044FHLB advances
  • $62,002Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,266Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,044Restructured Loans and leases
  • $1,517Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,498Total interest income
  • $503Total interest expense
  • $1,995Net interest income
  • $83Provision for loan and lease losses
  • $122Total noninterest income
  • $0Fiduciary activities
  • $40Service charges on deposit accounts
  • $0Trading account gains & fees
  • $82Additional noninterest income
  • $1,540Total noninterest expense
  • $974Salaries and employee benefits
  • $154Premises and equipment expense
  • $412Additional noninterest expense
  • $494Pre-tax net operating income
  • $75Securities gains (losses)
  • $67Applicable income taxes
  • $502Income before extraordinary items
  • $0Extraordinary gains - net
  • $502Net income attributable to bank
  • $0Net charge-offs
  • $502Cash dividends
  • $147Sale, conversion, retirement of capital stock, net
  • $241Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 9.07%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 56.46%Credit loss provision to net charge-offs
  • 3.93%Efficiency ratio
  • 72,744Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.01%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 118.93%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 45.52%Net loans and leases to core deposits
  • 45.99%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 15.47%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $60,476Average earning assets
  • $5,535Average equity
  • $57,006Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06908Farmers State Bank Of DanforthFront And Adams Streets, Danforth, IL 60930October 18, 1915Full Service Brick and Mortar
    1223012Aroma Park Branch3308 Waldron Road, Aroma Park, IL 60910March 02, 1999Full Service Brick and Mortar

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