Farmers State Bank of Darwin in city_name, state_name - Detailed Financial Reports, Location

Farmers State Bank of Darwin in Darwin, Minnesota (MN)
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Farmers State Bank of Darwin routing number info

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

No	ID	Name	Address	Established	Service Type	Map
0	933	Farmers State Bank Of Darwin	318 N 1st Street, Darwin, MN 55324	January 01, 1914	Full Service Brick and Mortar
1	478765	Dassel Branch	780 W. Parker Ave, Dassel, MN 55325	December 31, 2007	Full Service Brick and Mortar

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

Farmers State Bank of Darwin - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

Farmers State Bank of Darwin - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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