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
    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

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