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

This bank is inactive as of October 01, 1999

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

  • General
  • FDIC Certificate #: 8838
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens State Bank - Midwest (#15333)
    Federal Reserve ID: 801551
    Date Established: June 07, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 5633
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1999
    Last Structure Change Process Date: November 09, 1999
    Last Data Update: November 09, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Stephen, MN 56757
    County: Marshall
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $33.6 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $34,143Total assets
  • $1,260Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,337Securities
  • $5,500Federal funds sold & reverse repurchase agreements
  • $11,490Net loans & leases
  • $289Loan loss allowance
  • $0Trading account assets
  • $34Bank premises and fixed assets
  • $29Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $493All other assets
  • $34,143Total liabilities and capital
  • $27,099Total liabilities
  • $26,914Total deposits
  • $22,519Interest-bearing deposits
  • $26,914Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $185All other liabilities
  • $7,044Total equity capital
  • $7,044Total bank equity capital
  • $7,044Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,150Undivided profits
  • Memoranda
  • $5,794Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $856Earning assets
  • $12Long-term assets (5+ years)
  • $229Average Assets, year-to-date
  • $32,327Average Assets, quarterly
  • $407Volatile liabilities
  • $32,940Insider loans
  • $33,636FHLB advances
  • $333Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $15,425Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,202Total interest income
  • $868Total interest expense
  • $1,334Net interest income
  • $50Provision for loan and lease losses
  • $89Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $1,123Total noninterest expense
  • $830Salaries and employee benefits
  • $74Premises and equipment expense
  • $219Additional noninterest expense
  • $250Pre-tax net operating income
  • $0Securities gains (losses)
  • $89Applicable income taxes
  • $161Income before extraordinary items
  • $0Extraordinary gains - net
  • $161Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 2.80%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 2.31%Return on equity (ROE)
  • 2.31%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 50.00%Credit loss provision to net charge-offs
  • 3.00%Efficiency ratio
  • 78,918Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.45%Loss allowance to noncurrent loans
  • 33.76%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 7.27%Net loans and leases to deposits
  • 42.69%Net loans and leases to core deposits
  • 43.23%Equity capital to assets
  • 20.63%Core capital (leverage) ratio
  • 20.74%Tier 1 risk-based capital ratio
  • 45.57%Total risk-based capital ratio
  • Memoranda
  • $47Average assets
  • $32,940Average earning assets
  • $6,969Average equity
  • $30,948Average loans

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