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

Farmers State Bank of Hoffman - Overview

  • General
  • FDIC Certificate #: 9354
    Status: Active
    Federal Reserve ID: 981453
    Bank Holding Company (Regulatory Top Holder): Hoffman Bancshares, Inc. (RSSDID: 1125003, Location: Hoffman, MN)
    Date Established: March 21, 1911
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15763
    FDIC's unique #: 6005
    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: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 Main Ave W, Hoffman, MN 56339
    County: Grant
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $27.5 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $21.5 mil
    Return on assets (ROA): 1.68% ($0.5 mil)
    Quarterly return on assets: 1.07% ($0.3 mil)
    Return on Equity (ROE): 14.37% ($0.4 mil)
    Quarterly return on equity: 8.47% ($0.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.68% ($461.5 mil)
    Quarterly Pretax return on assets: 1.07% ($294.0 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
  • 6Total employees (full-time equivalent)
  • $27,472Total assets
  • $1,780Cash and due from depository institutions
  • $968Interest-bearing balances
  • $10,844Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $13,892Net loans & leases
  • $207Loan loss allowance
  • $0Trading account assets
  • $153Bank premises and fixed assets
  • $215Other real estate owned
  • $0Goodwill and other intangibles
  • $27,473Life insurance assets
  • $588All other assets
  • $23,987Total liabilities and capital
  • $21,488Total liabilities
  • $16,523Total deposits
  • $21,488Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 700.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,700Trading liabilities
  • $0Other borrowed funds
  • $99Subordinated debt
  • $3,486All other liabilities
  • $3,486Total equity capital
  • $3,486Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,950Surplus
  • $1,486Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2Income earned, not collected on loans
  • $0Earning assets
  • $318Long-term assets (5+ years)
  • $25,704Average Assets, year-to-date
  • $10,256Average Assets, quarterly
  • $27,742Volatile liabilities
  • $27,215Insider loans
  • $16,995FHLB advances
  • $27,020Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,108Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,680Restructured Loans and leases
  • $9Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,290Total interest income
  • $258Total interest expense
  • $1,032Net interest income
  • $0Provision for loan and lease losses
  • $25Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$39Additional noninterest income
  • $635Total noninterest expense
  • $324Salaries and employee benefits
  • $89Premises and equipment expense
  • $222Additional noninterest expense
  • $422Pre-tax net operating income
  • $45Securities gains (losses)
  • $0Applicable income taxes
  • $467Income before extraordinary items
  • $0Extraordinary gains - net
  • $467Net income attributable to bank
  • $0Net charge-offs
  • $467Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $318Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.68%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 14.37%Return on equity (ROE)
  • 4.59%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 23.44%Efficiency ratio
  • 60,076Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.09%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 10350.00%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 64.65%Net loans and leases to core deposits
  • 68.70%Equity capital to assets
  • 12.69%Core capital (leverage) ratio
  • 11.50%Tier 1 risk-based capital ratio
  • 18.29%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $27,742Average earning assets
  • $3,249Average equity
  • $25,276Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06005Farmers State Bank Of Hoffman103 Main Ave W, Hoffman, MN 56339March 21, 1911Full Service Brick and Mortar

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