FDIC Certificate #: 6149 Status: Active Federal Reserve ID: 477376 Bank Holding Company (Regulatory Top Holder): Farmington Finance Corporation (RSSDID: 2332572, Location: Road Town) Date Established: May 10, 1929 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 4149 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: May 18, 2009 Last Structure Change Process Date: May 18, 2009 Last Data Update: May 18, 2009 Data Source Date: April 05, 2012
Location
Address: 103 North First Street, Farmington, WA 99128 County: Whitman Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Seattle Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Pullman, WA (#39420) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Financial Summary
Total assets: $11.3 mil Equity capital: $1.5 mil Deposits held in domestic offices: $9.8 mil Return on assets (ROA): 0.58% ($0.1 mil) Quarterly return on assets: 0.41% ($0.0 mil) Return on Equity (ROE): 3.83% ($0.1 mil) Quarterly return on equity: 2.83% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.67% ($75.9 mil) Quarterly Pretax return on assets: 0.44% ($49.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
3Total employees (full-time equivalent)
$11,324Total assets
$4,051Cash and due from depository institutions
$1,187Interest-bearing balances
$198Securities
$2,000Federal funds sold & reverse repurchase agreements
$4,948Net loans & leases
$72Loan loss allowance
$0Trading account assets
$30Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$11,324Life insurance assets
$97All other assets
$9,783Total liabilities and capital
$9,764Total liabilities
$8,360Total deposits
$9,764Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$19Subordinated debt
$1,541All other liabilities
$1,541Total equity capital
$1,541Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$1,225Surplus
$291Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$49Long-term assets (5+ years)
$8,333Average Assets, year-to-date
$137Average Assets, quarterly
$10,160Volatile liabilities
$10,855Insider loans
$6,067FHLB advances
$10,907Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,541Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,117Restructured Loans and leases
$158Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$395Total interest income
$77Total interest expense
$318Net interest income
$4Provision for loan and lease losses
$6Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$3Additional noninterest income
$252Total noninterest expense
$166Salaries and employee benefits
$17Premises and equipment expense
$69Additional noninterest expense
$68Pre-tax net operating income
$0Securities gains (losses)
$9Applicable income taxes
$59Income before extraordinary items
$0Extraordinary gains - net
$59Net income attributable to bank
$0Net charge-offs
$59Cash dividends
$0Sale, conversion, retirement of capital stock, net
$40Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
0.93%Cost of funding earning assets
3.85%Net interest margin
0.07%Noninterest income to earning assets
3.05%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.67%Pretax return on assets
3.83%Return on equity (ROE)
1.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,778Assets per employee
3.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.80%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
50.68%Net loans and leases to core deposits
50.68%Equity capital to assets
13.61%Core capital (leverage) ratio
14.13%Tier 1 risk-based capital ratio
25.40%Total risk-based capital ratio
Memoranda
$27Average assets
$10,160Average earning assets
$1,539Average equity
$8,260Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
4149
Farmington State Bank
103 North First Street, Farmington, WA 99128
May 10, 1929
Full Service Brick and Mortar
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