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



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Farmers State Bank of Hartland routing number info

Table of contents:
Farmers State Bank of Hartland
GeneralFDIC 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
WWW: http://www.farmersstatebankmn.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$91,930
Cash and due from depository institutions$4,484
Interest-bearing balances$360
Securities$15,714
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$66,926
Loan loss allowance $843
Trading account assets$0
Bank premises and fixed assets$587
Other real estate owned$1,036
Goodwill and other intangibles$420
All other assets$2,763
Life insurance assets$91,930
Total liabilities and capital$83,180
Total liabilities$80,951
Total deposits$68,453
Interest-bearing deposits$80,951
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $229
All other liabilities $8,750
Total equity capital$8,750
Total bank equity capital$8,750
Perpetual preferred stock$0
Common stock$200
Surplus$5,150
Undivided profits $3,400
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 $984
Earning assets $85
Long-term assets (5+ years) $1,168
Average Assets, year-to-date $83,000
Average Assets, quarterly $24,235
Volatile liabilities $91,393
Insider loans $91,367
FHLB advances $70,734
Loans and leases held for sale $91,150
Unused loan commitments $759
Tier 1 (core) risk-based capital $759
Tier 2 risk-based capital $7,995
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,595
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,835
Total interest expense $1,368
Net interest income $3,467
Provision for loan and lease losses $130
Total noninterest income $587
Fiduciary activities $0
Service charges on deposit accounts $107
Trading account gains & fees $0
Additional noninterest income $480
Total noninterest expense $2,763
Salaries and employee benefits $1,689
Premises and equipment expense $350
Additional noninterest expense $724
Pre-tax net operating income $1,161
Securities gains (losses) $51
Applicable income taxes $0
Income before extraordinary items $1,212
Extraordinary gains - net $0
Net income attributable to bank $1,212
Net charge-offs $0
Cash dividends $1,212
Sale, conversion, retirement of capital stock, net $222
Net operating income $732
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.84%
Cost of funding earning assets 1.65%
Net interest margin 4.18%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 3.33%
Net operating income to assets 1.27%
Return on assets (ROA) 1.33%
Pretax return on assets 1.33%
Return on equity (ROE) 14.47%
Retained earnings to average equity (YTD only) 5.73%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 58.56%
Efficiency ratio5.82%
Assets per employee$68,155
Cash dividends to net income (YTD only)4.84%
Condition Ratios (%)
Loss allowance to loans 60.40%
Loss allowance to noncurrent loans 1.24%
Noncurrent assets plus other real estate owned to assets 85.67%
Noncurrent loans to loans 2.20%
Net loans and leases to deposits1.45%
Net loans and leases to core deposits 82.67%
Equity capital to assets 95.54%
Core capital (leverage) ratio 9.52%
Tier 1 risk-based capital ratio 8.77%
Total risk-based capital ratio 11.30%
Memoranda
Average assets$12
Average earning assets$91,393
Average equity $8,375
Average loans $82,849
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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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