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



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Farmers State Bank of Hoffman routing number info

Table of contents:
Farmers State Bank of Hoffman
GeneralFDIC 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
WWW: http://www.fsbhoffman.net
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)6
Total assets$27,472
Cash and due from depository institutions$1,780
Interest-bearing balances$968
Securities$10,844
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$13,892
Loan loss allowance $207
Trading account assets$0
Bank premises and fixed assets$153
Other real estate owned$215
Goodwill and other intangibles$0
All other assets$588
Life insurance assets$27,473
Total liabilities and capital$23,987
Total liabilities$21,488
Total deposits$16,523
Interest-bearing deposits$21,488
Deposits held in domestic offices$97
% insured (estimated)700.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,700
Other borrowed funds $0
Subordinated debt $99
All other liabilities $3,486
Total equity capital$3,486
Total bank equity capital$3,486
Perpetual preferred stock$0
Common stock$50
Surplus$1,950
Undivided profits $1,486
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 $2
Earning assets $0
Long-term assets (5+ years) $318
Average Assets, year-to-date $25,704
Average Assets, quarterly $10,256
Volatile liabilities $27,742
Insider loans $27,215
FHLB advances $16,995
Loans and leases held for sale $27,020
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,108
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,680
Derivatives$9
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,290
Total interest expense $258
Net interest income $1,032
Provision for loan and lease losses $0
Total noninterest income $25
Fiduciary activities $0
Service charges on deposit accounts $64
Trading account gains & fees $0
Additional noninterest income -$39
Total noninterest expense $635
Salaries and employee benefits $324
Premises and equipment expense $89
Additional noninterest expense $222
Pre-tax net operating income $422
Securities gains (losses) $45
Applicable income taxes $0
Income before extraordinary items $467
Extraordinary gains - net $0
Net income attributable to bank $467
Net charge-offs $0
Cash dividends $467
Sale, conversion, retirement of capital stock, net $18
Net operating income $318
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.10%
Cost of funding earning assets 1.02%
Net interest margin 4.08%
Noninterest income to earning assets 0.10%
Noninterest expense to earning assets 2.51%
Net operating income to assets 1.52%
Return on assets (ROA) 1.68%
Pretax return on assets 1.68%
Return on equity (ROE) 14.37%
Retained earnings to average equity (YTD only) 4.59%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio23.44%
Assets per employee$60,076
Cash dividends to net income (YTD only)4.58%
Condition Ratios (%)
Loss allowance to loans 68.09%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 10350.00%
Noncurrent loans to loans 0.79%
Net loans and leases to deposits0.01%
Net loans and leases to core deposits 64.65%
Equity capital to assets 68.70%
Core capital (leverage) ratio 12.69%
Tier 1 risk-based capital ratio 11.50%
Total risk-based capital ratio 18.29%
Memoranda
Average assets$20
Average earning assets$27,742
Average equity $3,249
Average loans $25,276
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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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