Farmers State Bank of Dent in Dent, Minnesota (MN)



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Farmers State Bank of Dent routing number info

Table of contents:
Farmers State Bank of Dent
GeneralFDIC Certificate #: 1910
Status: Active
Federal Reserve ID: 122751
Bank Holding Company (Regulatory Top Holder): Dent Bancshares, Inc. (RSSDID: 2484583, Location: Dent, MN)
Date Established: March 03, 1908
WWW: http://www.fsbdent-perham.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)
OTS Docket #: 16007
FDIC's unique #: 1275
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: May 27, 2010
Last Structure Change Process Date: May 27, 2010
Last Data Update: May 27, 2010
Data Source Date: April 05, 2012
LocationAddress: 101 1st Ave N, Dent, MN 56528
County: Otter Tail
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $30.8 mil
Equity capital: $2.4 mil
Deposits held in domestic offices: $28.4 mil
Return on assets (ROA): -0.36% (-$0.1 mil)
Quarterly return on assets: -0.01% (-$0.0 mil)
Return on Equity (ROE): -4.69% (-$0.1 mil)
Quarterly return on equity: -0.17% (-$0.0 mil)
Net income: -$0.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: -0.36% (-$110.9 mil)
Quarterly Pretax return on assets: -0.01% (-$3.1 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)
Total employees (full-time equivalent)12
Total assets$30,810
Cash and due from depository institutions$4,390
Interest-bearing balances$3,036
Securities$2,776
Federal funds sold & reverse repurchase agreements$2,080
Net loans & leases$19,979
Loan loss allowance $414
Trading account assets$0
Bank premises and fixed assets$738
Other real estate owned$402
Goodwill and other intangibles$0
All other assets$445
Life insurance assets$30,810
Total liabilities and capital$28,448
Total liabilities$28,360
Total deposits$22,732
Interest-bearing deposits$28,360
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $88
All other liabilities $2,362
Total equity capital$2,362
Total bank equity capital$2,362
Perpetual preferred stock$0
Common stock$71
Surplus$1,454
Undivided profits $837
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,216
Earning assets $249
Long-term assets (5+ years) $240
Average Assets, year-to-date $27,871
Average Assets, quarterly $6,018
Volatile liabilities $30,556
Insider loans $31,031
FHLB advances $18,768
Loans and leases held for sale $32,133
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,248
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,653
Derivatives$13
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,475
Total interest expense $263
Net interest income $1,212
Provision for loan and lease losses $190
Total noninterest income $164
Fiduciary activities $0
Service charges on deposit accounts $105
Trading account gains & fees $0
Additional noninterest income $59
Total noninterest expense $1,297
Salaries and employee benefits $715
Premises and equipment expense $140
Additional noninterest expense $442
Pre-tax net operating income -$111
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$111
Extraordinary gains - net $0
Net income attributable to bank -$111
Net charge-offs $0
Cash dividends -$111
Sale, conversion, retirement of capital stock, net $177
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.41%
Cost of funding earning assets 0.96%
Net interest margin 4.44%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 4.76%
Net operating income to assets -0.36%
Return on assets (ROA) -0.36%
Pretax return on assets -0.36%
Return on equity (ROE) -4.69%
Retained earnings to average equity (YTD only) -4.69%
Net charge-offs to loans 0.83%
Credit loss provision to net charge-offs 107.34%
Efficiency ratio0.45%
Assets per employee$94,259
Cash dividends to net income (YTD only)2.57%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.03%
Noncurrent assets plus other real estate owned to assets 34.05%
Noncurrent loans to loans 5.25%
Net loans and leases to deposits5.96%
Net loans and leases to core deposits 70.45%
Equity capital to assets 71.46%
Core capital (leverage) ratio 7.67%
Tier 1 risk-based capital ratio 7.00%
Total risk-based capital ratio 11.98%
Memoranda
Average assets$13
Average earning assets$30,556
Average equity $2,365
Average loans $27,276
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01275Farmers State Bank Of Dent101 1st Ave N, Dent, MN 56528March 03, 1908Full Service Brick and Mortar
1190416Perham Branch301 West Main, Perham, MN 56573June 06, 1994Full Service Brick and Mortar
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