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


Farmers State Bank of Trimont - Overview

  • General
  • FDIC Certificate #: 1929
    Status: Active
    Federal Reserve ID: 803658
    Bank Holding Company (Regulatory Top Holder): Fsb Holding Company, Inc. (RSSDID: 1126185, Location: Trimont, MN)
    Date Established: January 01, 1912
    WWW: http://www.trimontbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15884
    FDIC's unique #: 1294
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 22, 2009
    Last Structure Change Process Date: July 23, 2009
    Last Data Update: July 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 Main Street West, Trimont, MN 56176
    County: Martin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Name Change
  • Financial Summary
  • Total assets: $57.8 mil
    Equity capital: $7.8 mil
    Deposits held in domestic offices: $46.4 mil
    Return on assets (ROA): 1.13% ($0.7 mil)
    Quarterly return on assets: 0.73% ($0.4 mil)
    Return on Equity (ROE): 8.05% ($0.6 mil)
    Quarterly return on equity: 5.20% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.66% ($959.3 mil)
    Quarterly Pretax return on assets: 0.91% ($525.9 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
  • 12Total employees (full-time equivalent)
  • $57,789Total assets
  • $1,639Cash and due from depository institutions
  • $61Interest-bearing balances
  • $22,806Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,392Net loans & leases
  • $404Loan loss allowance
  • $0Trading account assets
  • $161Bank premises and fixed assets
  • $103Other real estate owned
  • $0Goodwill and other intangibles
  • $57,789Life insurance assets
  • $2,688All other assets
  • $50,027Total liabilities and capital
  • $46,412Total liabilities
  • $38,144Total deposits
  • $46,412Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $615Subordinated debt
  • $7,762All other liabilities
  • $7,762Total equity capital
  • $7,762Total bank equity capital
  • $0Perpetual preferred stock
  • $90Common stock
  • $3,910Surplus
  • $3,762Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $83Income earned, not collected on loans
  • $0Earning assets
  • $561Long-term assets (5+ years)
  • $53,259Average Assets, year-to-date
  • $19,590Average Assets, quarterly
  • $54,314Volatile liabilities
  • $55,860Insider loans
  • $39,977FHLB advances
  • $53,251Loans and leases held for sale
  • $1,635Unused loan commitments
  • $1,635Tier 1 (core) risk-based capital
  • $7,434Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,857Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,455Total interest income
  • $453Total interest expense
  • $2,002Net interest income
  • $0Provision for loan and lease losses
  • $315Total noninterest income
  • $0Fiduciary activities
  • $57Service charges on deposit accounts
  • $0Trading account gains & fees
  • $258Additional noninterest income
  • $1,426Total noninterest expense
  • $828Salaries and employee benefits
  • $299Premises and equipment expense
  • $299Additional noninterest expense
  • $891Pre-tax net operating income
  • $13Securities gains (losses)
  • $289Applicable income taxes
  • $615Income before extraordinary items
  • $0Extraordinary gains - net
  • $615Net income attributable to bank
  • $0Net charge-offs
  • $615Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $297Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 8.05%Return on equity (ROE)
  • 4.16%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,545Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.29%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 486.75%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 65.48%Net loans and leases to core deposits
  • 71.62%Equity capital to assets
  • 13.43%Core capital (leverage) ratio
  • 13.96%Tier 1 risk-based capital ratio
  • 18.60%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $54,314Average earning assets
  • $7,637Average equity
  • $50,410Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01294Farmers State Bank Of Trimont220 Main Street West, Trimont, MN 56176January 01, 1912Full Service Brick and Mortar
    13434Dunnell Branch101 West Winberg Street, Dunnell, MN 56127March 17, 1903Full Service Brick and Mortar

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