Farmers State Bank of Northern Missouri - Overview
General
FDIC Certificate #: 8306 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mercantile Bank (#11301) Federal Reserve ID: 839657 Date Established: April 04, 1921 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13821 FDIC's unique #: 5301 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 19, 2008 Last Structure Change Process Date: April 21, 2008 Last Data Update: April 21, 2008 Data Source Date: April 05, 2012
Location
Address: 301 West Main Street, Savannah, MO 64485 County: Andrew Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Kansas City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Joseph, MO (#7000) Core Based Statistical Area (CBSA): St. Joseph, MO-KS (#41140) CBSA Metro Statistical Area: St. Joseph, MO-KS (#41140)
Financial Summary
Total assets: $98.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
31Total employees (full-time equivalent)
$99,210Total assets
$2,915Cash and due from depository institutions
$37Interest-bearing balances
$14,627Securities
$4,355Federal funds sold & reverse repurchase agreements
$69,243Net loans & leases
$1,202Loan loss allowance
$0Trading account assets
$2,443Bank premises and fixed assets
$197Other real estate owned
$1,828Goodwill and other intangibles
$1,086Life insurance assets
$3,602All other assets
$99,210Total liabilities and capital
$90,730Total liabilities
$84,328Total deposits
$75,634Interest-bearing deposits
$84,328Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$402All other liabilities
$8,480Total equity capital
$8,480Total bank equity capital
$8,480Perpetual preferred stock
$0Common stock
$270Surplus
$6,928Undivided profits
Memoranda
$1,282Noncurrent loans and leases
$6,072Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,525Earning assets
$0Long-term assets (5+ years)
$1,044Average Assets, year-to-date
$88,262Average Assets, quarterly
$7,813Volatile liabilities
$96,532Insider loans
$98,914FHLB advances
$8,417Loans and leases held for sale
$750Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,072Total unused commitments
$0Restructured Loans and leases
$884Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$6,136Total interest income
$3,429Total interest expense
$2,707Net interest income
$430Provision for loan and lease losses
$1,304Total noninterest income
$0Fiduciary activities
$434Service charges on deposit accounts
$0Trading account gains & fees
$870Additional noninterest income
$3,031Total noninterest expense
$2,048Salaries and employee benefits
$333Premises and equipment expense
$650Additional noninterest expense
$550Pre-tax net operating income
$0Securities gains (losses)
$143Applicable income taxes
$407Income before extraordinary items
$0Extraordinary gains - net
$407Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$17Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
3.99%Cost of funding earning assets
3.15%Net interest margin
1.52%Noninterest income to earning assets
3.53%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.57%Pretax return on assets
5.03%Return on equity (ROE)
4.04%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
2529.41%Credit loss provision to net charge-offs
57.65%Efficiency ratio
75,567Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.66%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
47.60%Noncurrent assets plus other real estate owned to assets
2.74%Noncurrent loans to loans
3.58%Net loans and leases to deposits
82.11%Net loans and leases to core deposits
91.22%Equity capital to assets
8.55%Core capital (leverage) ratio
6.83%Tier 1 risk-based capital ratio
9.40%Total risk-based capital ratio
Memoranda
$11Average assets
$96,532Average earning assets
$8,097Average equity
$85,906Average loans
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