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

Farmers Trust and Savings Bank - Overview

  • General
  • FDIC Certificate #: 14195
    Status: Active
    Federal Reserve ID: 825847
    Bank Holding Company (Regulatory Top Holder): Koss-Winn Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions (RSSDID: 2630773, Location: Buffalo Center, IA)
    Date Established: January 01, 1914
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15624
    FDIC's unique #: 8862
    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: April 05, 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: 101-106 Fifth Street, Buffalo Center, IA 50424
    County: Winnebago
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $183.0 mil
    Equity capital: $16.6 mil
    Deposits held in domestic offices: $140.4 mil
    Return on assets (ROA): 1.59% ($2.9 mil)
    Quarterly return on assets: 1.72% ($3.1 mil)
    Return on Equity (ROE): 17.29% ($2.9 mil)
    Quarterly return on equity: 18.68% ($3.2 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.67% ($3,056.2 mil)
    Quarterly Pretax return on assets: 1.80% ($3,294.1 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
  • 35Total employees (full-time equivalent)
  • $183,004Total assets
  • $8,906Cash and due from depository institutions
  • $3,980Interest-bearing balances
  • $7,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $160,420Net loans & leases
  • $1,591Loan loss allowance
  • $0Trading account assets
  • $1,155Bank premises and fixed assets
  • $11Other real estate owned
  • $608Goodwill and other intangibles
  • $183,004Life insurance assets
  • $4,625All other assets
  • $166,402Total liabilities and capital
  • $140,365Total liabilities
  • $113,290Total deposits
  • $140,365Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 420.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,300Trading liabilities
  • $0Other borrowed funds
  • $317Subordinated debt
  • $16,602All other liabilities
  • $16,602Total equity capital
  • $16,602Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $4,400Surplus
  • $11,602Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $318Income earned, not collected on loans
  • $0Earning assets
  • $2,879Long-term assets (5+ years)
  • $171,679Average Assets, year-to-date
  • $28,547Average Assets, quarterly
  • $175,145Volatile liabilities
  • $179,980Insider loans
  • $160,386FHLB advances
  • $183,207Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,896Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,695Restructured Loans and leases
  • $3,607Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,185Total interest income
  • $2,064Total interest expense
  • $6,121Net interest income
  • $240Provision for loan and lease losses
  • $810Total noninterest income
  • $20Fiduciary activities
  • $292Service charges on deposit accounts
  • $0Trading account gains & fees
  • $498Additional noninterest income
  • $3,762Total noninterest expense
  • $2,417Salaries and employee benefits
  • $414Premises and equipment expense
  • $931Additional noninterest expense
  • $2,929Pre-tax net operating income
  • $0Securities gains (losses)
  • $143Applicable income taxes
  • $2,786Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,786Net income attributable to bank
  • $0Net charge-offs
  • $2,786Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $1,950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 17.29%Return on equity (ROE)
  • 5.19%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 244.90%Credit loss provision to net charge-offs
  • 32.34%Efficiency ratio
  • 53,888Assets per employee
  • 5.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.99%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 500.31%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 114.29%Net loans and leases to core deposits
  • 115.45%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.68%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $175,145Average earning assets
  • $16,111Average equity
  • $164,841Average 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
  • $4,639Managed Assets
  • 1Number of Accounts
  • $96Personal trust and agency accounts
  • $96Employee 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
  • 142Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,543Other retirement accounts
  • $763Corporate trust and agency accounts
  • $3,645Other fiduciary accounts
  • $135Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08862Farmers Trust And Savings Bank101-106 Fifth Street, Buffalo Center, IA 50424January 01, 1914Full Service Brick and Mortar
    1231153Lakota Branch201 Third Street, Lakota, IA 50451July 05, 1935Full Service Brick and Mortar
    2275701Britt Branch202 Main Avenue North, Britt, IA 50423December 01, 1935Full Service Brick and Mortar
    3231154Lake Mills Branch105 North Lake Street, Lake Mills, IA 50450Febuary 01, 1999Full Service Brick and Mortar

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