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


Farmers State Bank of Darwin - Overview

  • General
  • FDIC Certificate #: 1413
    Status: Active
    Federal Reserve ID: 344852
    Bank Holding Company (Regulatory Top Holder): Darwin Bancshares, Inc. (RSSDID: 1125571, Location: Darwin, MN)
    Date Established: January 01, 1914
    WWW: http://www.fsbdarwin.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 933
    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: August 24, 2009
    Last Structure Change Process Date: August 25, 2009
    Last Data Update: August 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 318 N 1st Street, Darwin, MN 55324
    County: Meeker
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $34.1 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $30.8 mil
    Return on assets (ROA): 0.91% ($0.3 mil)
    Quarterly return on assets: 0.55% ($0.2 mil)
    Return on Equity (ROE): 10.23% ($0.3 mil)
    Quarterly return on equity: 6.25% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.91% ($310.2 mil)
    Quarterly Pretax return on assets: 0.55% ($187.5 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
  • 10Total employees (full-time equivalent)
  • $34,091Total assets
  • $6,981Cash and due from depository institutions
  • $3,924Interest-bearing balances
  • $11,885Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $12,542Net loans & leases
  • $300Loan loss allowance
  • $0Trading account assets
  • $1,483Bank premises and fixed assets
  • $127Other real estate owned
  • $0Goodwill and other intangibles
  • $34,091Life insurance assets
  • $1,073All other assets
  • $31,070Total liabilities and capital
  • $30,843Total liabilities
  • $22,568Total deposits
  • $30,843Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $227Subordinated debt
  • $3,021All other liabilities
  • $3,021Total equity capital
  • $3,021Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,250Surplus
  • $1,671Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $282Income earned, not collected on loans
  • $0Earning assets
  • $227Long-term assets (5+ years)
  • $28,351Average Assets, year-to-date
  • $11,342Average Assets, quarterly
  • $32,033Volatile liabilities
  • $33,919Insider loans
  • $23,903FHLB advances
  • $34,540Loans and leases held for sale
  • $768Unused loan commitments
  • $768Tier 1 (core) risk-based capital
  • $2,836Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,447Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,369Total interest income
  • $172Total interest expense
  • $1,197Net interest income
  • $60Provision for loan and lease losses
  • $184Total noninterest income
  • $0Fiduciary activities
  • $115Service charges on deposit accounts
  • $0Trading account gains & fees
  • $69Additional noninterest income
  • $1,039Total noninterest expense
  • $587Salaries and employee benefits
  • $179Premises and equipment expense
  • $273Additional noninterest expense
  • $282Pre-tax net operating income
  • $8Securities gains (losses)
  • $0Applicable income taxes
  • $290Income before extraordinary items
  • $0Extraordinary gains - net
  • $290Net income attributable to bank
  • $0Net charge-offs
  • $290Cash dividends
  • $82Sale, conversion, retirement of capital stock, net
  • $118Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 10.23%Return on equity (ROE)
  • 6.07%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 73.17%Credit loss provision to net charge-offs
  • 4.17%Efficiency ratio
  • 75,235Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.69%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 106.38%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 40.66%Net loans and leases to core deposits
  • 41.88%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $32,033Average earning assets
  • $2,835Average equity
  • $26,732Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0933Farmers State Bank Of Darwin318 N 1st Street, Darwin, MN 55324January 01, 1914Full Service Brick and Mortar
    1478765Dassel Branch780 W. Parker Ave, Dassel, MN 55325December 31, 2007Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers State Bank of Darwin.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents