Farmers Trust and Savings Bank in Spencer, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers Trust and Savings Bank in Spencer, Iowa (IA)
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Farmers Trust and Savings Bank - Overview

  • General
  • FDIC Certificate #: 12858
    Status: Active
    Federal Reserve ID: 543945
    Bank Holding Company (Regulatory Top Holder): Easter Enterprises, Inc. (RSSDID: 1200777, Location: Spencer, IA)
    Date Established: April 07, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15429
    FDIC's unique #: 8139
    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: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 West 4th Street, Spencer, IA 51301
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Spencer, IA (#43980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $307.8 mil
    Equity capital: $28.1 mil
    Deposits held in domestic offices: $259.4 mil
    Return on assets (ROA): 1.35% ($4.2 mil)
    Quarterly return on assets: 1.21% ($3.7 mil)
    Return on Equity (ROE): 15.39% ($4.3 mil)
    Quarterly return on equity: 13.35% ($3.7 mil)
    Net income: $4.0 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.42% ($4,370.1 mil)
    Quarterly Pretax return on assets: 1.28% ($3,939.3 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
  • 39Total employees (full-time equivalent)
  • $307,757Total assets
  • $12,350Cash and due from depository institutions
  • $11,101Interest-bearing balances
  • $121,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,753Net loans & leases
  • $5,000Loan loss allowance
  • $0Trading account assets
  • $550Bank premises and fixed assets
  • $2,158Other real estate owned
  • $0Goodwill and other intangibles
  • $307,757Life insurance assets
  • $4,299All other assets
  • $279,637Total liabilities and capital
  • $259,376Total liabilities
  • $239,630Total deposits
  • $259,376Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 13039.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,200Trading liabilities
  • $0Other borrowed funds
  • $1,022Subordinated debt
  • $28,120All other liabilities
  • $28,120Total equity capital
  • $28,120Total bank equity capital
  • $0Perpetual preferred stock
  • $1,235Common stock
  • $3,515Surplus
  • $23,370Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,143Income earned, not collected on loans
  • $0Earning assets
  • $2,316Long-term assets (5+ years)
  • $299,501Average Assets, year-to-date
  • $97,281Average Assets, quarterly
  • $299,643Volatile liabilities
  • $309,158Insider loans
  • $180,110FHLB advances
  • $305,704Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,057Restructured Loans and leases
  • $1,287Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,819Total interest income
  • $2,486Total interest expense
  • $10,333Net interest income
  • $1,371Provision for loan and lease losses
  • $973Total noninterest income
  • $0Fiduciary activities
  • $228Service charges on deposit accounts
  • $0Trading account gains & fees
  • $745Additional noninterest income
  • $5,689Total noninterest expense
  • $3,142Salaries and employee benefits
  • $524Premises and equipment expense
  • $2,023Additional noninterest expense
  • $4,246Pre-tax net operating income
  • $18Securities gains (losses)
  • $215Applicable income taxes
  • $4,049Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,049Net income attributable to bank
  • $0Net charge-offs
  • $4,049Cash dividends
  • $1,227Sale, conversion, retirement of capital stock, net
  • $1,576Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 15.39%Return on equity (ROE)
  • 9.40%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 111.74%Credit loss provision to net charge-offs
  • 4.58%Efficiency ratio
  • 50,318Assets per employee
  • 7.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.92%Loss allowance to loans
  • 2.91%Loss allowance to noncurrent loans
  • 97.22%Noncurrent assets plus other real estate owned to assets
  • 2.37%Noncurrent loans to loans
  • 2.99%Net loans and leases to deposits
  • 64.29%Net loans and leases to core deposits
  • 68.88%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 14.12%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $299,643Average earning assets
  • $26,311Average equity
  • $291,624Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $330Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee 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
  • 65Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $330Other retirement accounts
  • $330Corporate 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
    08139Farmers Trust And Savings Bank125 West 4th Street, Spencer, IA 51301April 07, 1916Full Service Brick and Mortar

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