The Fairmount State Bank in Fairmount, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Fairmount State Bank - Overview

  • General
  • FDIC Certificate #: 1829
    Status: Active
    Federal Reserve ID: 503547
    Bank Holding Company (Regulatory Top Holder): Fairmount Banking Company (RSSDID: 2033440, Location: Fairmount, IN)
    Date Established: December 18, 1902
    WWW: http://www.fairmountstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 1215
    Numeric code: 13
    Regulator: FED
    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: 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 North Main Street, Fairmount, IN 46928
    County: Grant
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marion, IN (#31980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $40.8 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $33.6 mil
    Return on assets (ROA): 0.46% ($0.2 mil)
    Quarterly return on assets: 0.45% ($0.2 mil)
    Return on Equity (ROE): 3.03% ($0.2 mil)
    Quarterly return on equity: 2.92% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.48% ($195.9 mil)
    Quarterly Pretax return on assets: 0.49% ($200.0 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
  • 13Total employees (full-time equivalent)
  • $40,816Total assets
  • $6,017Cash and due from depository institutions
  • $552Interest-bearing balances
  • $17,359Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,450Net loans & leases
  • $304Loan loss allowance
  • $0Trading account assets
  • $233Bank premises and fixed assets
  • $148Other real estate owned
  • $0Goodwill and other intangibles
  • $40,816Life insurance assets
  • $609All other assets
  • $34,565Total liabilities and capital
  • $33,616Total liabilities
  • $21,541Total deposits
  • $33,616Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $949Subordinated debt
  • $6,251All other liabilities
  • $6,251Total equity capital
  • $6,251Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,000Surplus
  • $4,751Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $958Income earned, not collected on loans
  • $0Earning assets
  • $407Long-term assets (5+ years)
  • $34,361Average Assets, year-to-date
  • $18,996Average Assets, quarterly
  • $39,396Volatile liabilities
  • $40,557Insider loans
  • $21,109FHLB advances
  • $41,195Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,880Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $316Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,622Total interest income
  • $292Total interest expense
  • $1,330Net interest income
  • $76Provision for loan and lease losses
  • $173Total noninterest income
  • $8Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $77Additional noninterest income
  • $1,239Total noninterest expense
  • $706Salaries and employee benefits
  • $202Premises and equipment expense
  • $331Additional noninterest expense
  • $188Pre-tax net operating income
  • $0Securities gains (losses)
  • $8Applicable income taxes
  • $180Income before extraordinary items
  • $0Extraordinary gains - net
  • $180Net income attributable to bank
  • $0Net charge-offs
  • $180Cash dividends
  • $78Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 3.03%Return on equity (ROE)
  • 3.03%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 97.44%Credit loss provision to net charge-offs
  • 3.38%Efficiency ratio
  • 82,435Assets per employee
  • 3.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 31.73%Noncurrent assets plus other real estate owned to assets
  • 2.71%Noncurrent loans to loans
  • 5.72%Net loans and leases to deposits
  • 48.94%Net loans and leases to core deposits
  • 50.05%Equity capital to assets
  • 15.32%Core capital (leverage) ratio
  • 14.27%Tier 1 risk-based capital ratio
  • 27.86%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $39,396Average earning assets
  • $5,948Average equity
  • $34,064Average 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
  • $4,966Managed Assets
  • 1Number of Accounts
  • $4,966Personal trust and agency accounts
  • $3,511Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,278Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $177Non-managed Assets
  • 26Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Indiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01215The Fairmount State Bank101 North Main Street, Fairmount, IN 46928December 18, 1902Full Service Brick and Mortar

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