Farmington State Bank in Farmington, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmington State Bank in Farmington, Washington (WA)
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Farmington State Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    04149Farmington State Bank103 North First Street, Farmington, WA 99128May 10, 1929Full Service Brick and Mortar

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