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



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Farmers State Bank of Trimont routing number info

Table of contents:
Farmers State Bank of Trimont
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Name Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$57,789
Cash and due from depository institutions$1,639
Interest-bearing balances$61
Securities$22,806
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$30,392
Loan loss allowance $404
Trading account assets$0
Bank premises and fixed assets$161
Other real estate owned$103
Goodwill and other intangibles$0
All other assets$2,688
Life insurance assets$57,789
Total liabilities and capital$50,027
Total liabilities$46,412
Total deposits$38,144
Interest-bearing deposits$46,412
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $615
All other liabilities $7,762
Total equity capital$7,762
Total bank equity capital$7,762
Perpetual preferred stock$0
Common stock$90
Surplus$3,910
Undivided profits $3,762
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 $83
Earning assets $0
Long-term assets (5+ years) $561
Average Assets, year-to-date $53,259
Average Assets, quarterly $19,590
Volatile liabilities $54,314
Insider loans $55,860
FHLB advances $39,977
Loans and leases held for sale $53,251
Unused loan commitments $1,635
Tier 1 (core) risk-based capital $1,635
Tier 2 risk-based capital $7,434
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,857
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,455
Total interest expense $453
Net interest income $2,002
Provision for loan and lease losses $0
Total noninterest income $315
Fiduciary activities $0
Service charges on deposit accounts $57
Trading account gains & fees $0
Additional noninterest income $258
Total noninterest expense $1,426
Salaries and employee benefits $828
Premises and equipment expense $299
Additional noninterest expense $299
Pre-tax net operating income $891
Securities gains (losses) $13
Applicable income taxes $289
Income before extraordinary items $615
Extraordinary gains - net $0
Net income attributable to bank $615
Net charge-offs $0
Cash dividends $615
Sale, conversion, retirement of capital stock, net -$4
Net operating income $297
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.87%
Cost of funding earning assets 0.90%
Net interest margin 3.97%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 2.83%
Net operating income to assets 1.12%
Return on assets (ROA) 1.13%
Pretax return on assets 1.66%
Return on equity (ROE) 8.05%
Retained earnings to average equity (YTD only) 4.16%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$61,545
Cash dividends to net income (YTD only)4.82%
Condition Ratios (%)
Loss allowance to loans 48.29%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 486.75%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.27%
Net loans and leases to core deposits 65.48%
Equity capital to assets 71.62%
Core capital (leverage) ratio 13.43%
Tier 1 risk-based capital ratio 13.96%
Total risk-based capital ratio 18.60%
Memoranda
Average assets$20
Average earning assets$54,314
Average equity $7,637
Average loans $50,410
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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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