Farmers & Traders Savings Bank in Bancroft, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers & Traders Savings Bank - Overview

  • General
  • FDIC Certificate #: 16717
    Status: Active
    Federal Reserve ID: 792248
    Bank Holding Company (Regulatory Top Holder): Kennedy Bancshares, Inc. (RSSDID: 1205017, Location: Bancroft, IA)
    Date Established: January 01, 1887
    WWW: http://www.ftsbbancroft.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15545
    FDIC's unique #: 10839
    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: July 01, 1948
    Last Structure Change Effective Date: July 28, 2009
    Last Structure Change Process Date: July 28, 2009
    Last Data Update: July 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 West Ramsey, Bancroft, IA 50517
    County: Kossuth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $53.7 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $40.2 mil
    Return on assets (ROA): 0.79% ($0.4 mil)
    Quarterly return on assets: 0.76% ($0.4 mil)
    Return on Equity (ROE): 8.27% ($0.4 mil)
    Quarterly return on equity: 7.58% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.83% ($445.7 mil)
    Quarterly Pretax return on assets: 0.71% ($381.3 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)
  • $53,704Total assets
  • $1,247Cash and due from depository institutions
  • $97Interest-bearing balances
  • $18,147Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,741Net loans & leases
  • $665Loan loss allowance
  • $0Trading account assets
  • $724Bank premises and fixed assets
  • $18Other real estate owned
  • $0Goodwill and other intangibles
  • $53,704Life insurance assets
  • $827All other assets
  • $48,258Total liabilities and capital
  • $40,193Total liabilities
  • $34,051Total deposits
  • $40,193Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 4469.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,387Trading liabilities
  • $0Other borrowed funds
  • $209Subordinated debt
  • $5,446All other liabilities
  • $5,446Total equity capital
  • $5,446Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,800Surplus
  • $3,446Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $0Earning assets
  • $491Long-term assets (5+ years)
  • $50,985Average Assets, year-to-date
  • $9,697Average Assets, quarterly
  • $54,234Volatile liabilities
  • $54,382Insider loans
  • $34,252FHLB advances
  • $54,725Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,045Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,796Restructured Loans and leases
  • $281Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,203Total interest income
  • $560Total interest expense
  • $1,643Net interest income
  • $110Provision for loan and lease losses
  • $156Total noninterest income
  • $8Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $45Additional noninterest income
  • $1,241Total noninterest expense
  • $769Salaries and employee benefits
  • $128Premises and equipment expense
  • $344Additional noninterest expense
  • $448Pre-tax net operating income
  • $0Securities gains (losses)
  • $17Applicable income taxes
  • $431Income before extraordinary items
  • $0Extraordinary gains - net
  • $431Net income attributable to bank
  • $0Net charge-offs
  • $431Cash dividends
  • $107Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 8.27%Return on equity (ROE)
  • 2.51%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 102.80%Credit loss provision to net charge-offs
  • 5.21%Efficiency ratio
  • 68,983Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.61%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 22166.67%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 81.46%Net loans and leases to core deposits
  • 83.33%Equity capital to assets
  • 10.14%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $54,234Average earning assets
  • $5,211Average equity
  • $51,415Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,003Managed Assets
  • 1Number of Accounts
  • $3,909Personal trust and agency accounts
  • $2,174Employee benefit-defined contribution accounts
  • $1,735Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 18Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $94Other retirement accounts
  • $94Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010839Farmers & Traders Savings Bank108 West Ramsey, Bancroft, IA 50517January 01, 1887Full Service Brick and Mortar

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