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

  • Farmers State Bank of Hartland in Hartland, Minnesota (MN)
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Farmers State Bank of Hartland - Overview

  • General
  • FDIC Certificate #: 10561
    Status: Active
    Federal Reserve ID: 1007752
    Bank Holding Company (Regulatory Top Holder): Hartland Bancshares, Inc. (RSSDID: 1143025, Location: Hartland, MN)
    Date Established: Febuary 19, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6762
    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: 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: 601 N. Broadway, Hartland, MN 56042
    County: Freeborn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Albert Lea, MN (#10660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $91.9 mil
    Equity capital: $8.8 mil
    Deposits held in domestic offices: $81.0 mil
    Return on assets (ROA): 1.33% ($1.2 mil)
    Quarterly return on assets: 1.14% ($1.0 mil)
    Return on Equity (ROE): 14.47% ($1.3 mil)
    Quarterly return on equity: 11.98% ($1.1 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.33% ($1,222.7 mil)
    Quarterly Pretax return on assets: 1.14% ($1,048.0 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
  • 19Total employees (full-time equivalent)
  • $91,930Total assets
  • $4,484Cash and due from depository institutions
  • $360Interest-bearing balances
  • $15,714Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,926Net loans & leases
  • $843Loan loss allowance
  • $0Trading account assets
  • $587Bank premises and fixed assets
  • $1,036Other real estate owned
  • $420Goodwill and other intangibles
  • $91,930Life insurance assets
  • $2,763All other assets
  • $83,180Total liabilities and capital
  • $80,951Total liabilities
  • $68,453Total deposits
  • $80,951Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $229Subordinated debt
  • $8,750All other liabilities
  • $8,750Total equity capital
  • $8,750Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,150Surplus
  • $3,400Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $984Income earned, not collected on loans
  • $85Earning assets
  • $1,168Long-term assets (5+ years)
  • $83,000Average Assets, year-to-date
  • $24,235Average Assets, quarterly
  • $91,393Volatile liabilities
  • $91,367Insider loans
  • $70,734FHLB advances
  • $91,150Loans and leases held for sale
  • $759Unused loan commitments
  • $759Tier 1 (core) risk-based capital
  • $7,995Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,595Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,835Total interest income
  • $1,368Total interest expense
  • $3,467Net interest income
  • $130Provision for loan and lease losses
  • $587Total noninterest income
  • $0Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $480Additional noninterest income
  • $2,763Total noninterest expense
  • $1,689Salaries and employee benefits
  • $350Premises and equipment expense
  • $724Additional noninterest expense
  • $1,161Pre-tax net operating income
  • $51Securities gains (losses)
  • $0Applicable income taxes
  • $1,212Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,212Net income attributable to bank
  • $0Net charge-offs
  • $1,212Cash dividends
  • $222Sale, conversion, retirement of capital stock, net
  • $732Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.84%Yield on earning assets
  • 1.65%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 14.47%Return on equity (ROE)
  • 5.73%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 58.56%Credit loss provision to net charge-offs
  • 5.82%Efficiency ratio
  • 68,155Assets per employee
  • 4.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.40%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 85.67%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 82.67%Net loans and leases to core deposits
  • 95.54%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 11.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $91,393Average earning assets
  • $8,375Average equity
  • $82,849Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06762Farmers State Bank Of Hartland601 N. Broadway, Hartland, MN 56042Febuary 19, 1912Full Service Brick and Mortar
    1219060Freeborn BranchMain Street, Freeborn, MN 56032May 10, 1999Full Service Brick and Mortar
    2444138Albert Lea Branch1452 W. Main St., Albert Lea, MN 56007November 22, 2004Full Service Brick and Mortar

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