The Farmers Bank of Willards in Willards, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers Bank of Willards - Overview

  • General
  • FDIC Certificate #: 5885
    Status: Active
    Federal Reserve ID: 105026
    Date Established: January 03, 1925
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 4017
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 11, 2006
    Last Structure Change Process Date: October 11, 2006
    Last Data Update: October 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7484 Market Street, Willards, MD 21874
    County: Wicomico
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Salisbury-Ocean Pines, MD (#480)
    Core Based Statistical Area (CBSA): Salisbury, MD (#41540)
    CBSA Metro Statistical Area: Salisbury, MD (#41540)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $333.9 mil
    Equity capital: $30.8 mil
    Deposits held in domestic offices: $276.3 mil
    Return on assets (ROA): 0.05% ($0.2 mil)
    Quarterly return on assets: 0.04% ($0.1 mil)
    Return on Equity (ROE): 0.53% ($0.2 mil)
    Quarterly return on equity: 0.39% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.01% ($33.4 mil)
    Quarterly Pretax return on assets: -0.02% (-$66.8 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
  • 75Total employees (full-time equivalent)
  • $333,922Total assets
  • $15,946Cash and due from depository institutions
  • $5,230Interest-bearing balances
  • $10,377Securities
  • $7,908Federal funds sold & reverse repurchase agreements
  • $278,987Net loans & leases
  • $6,553Loan loss allowance
  • $0Trading account assets
  • $4,220Bank premises and fixed assets
  • $5,679Other real estate owned
  • $0Goodwill and other intangibles
  • $333,922Life insurance assets
  • $10,805All other assets
  • $303,118Total liabilities and capital
  • $276,341Total liabilities
  • $239,887Total deposits
  • $276,341Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,000Trading liabilities
  • $0Other borrowed funds
  • $777Subordinated debt
  • $30,804All other liabilities
  • $30,804Total equity capital
  • $30,804Total bank equity capital
  • $0Perpetual preferred stock
  • $1,365Common stock
  • $23,551Surplus
  • $5,888Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,597Income earned, not collected on loans
  • $0Earning assets
  • $1,218Long-term assets (5+ years)
  • $302,502Average Assets, year-to-date
  • $10,378Average Assets, quarterly
  • $334,700Volatile liabilities
  • $333,716Insider loans
  • $261,647FHLB advances
  • $333,962Loans and leases held for sale
  • $3,619Unused loan commitments
  • $3,619Tier 1 (core) risk-based capital
  • $29,195Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,052Restructured Loans and leases
  • $8,246Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,048Total interest income
  • $4,356Total interest expense
  • $13,692Net interest income
  • $6,030Provision for loan and lease losses
  • $205Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$169Additional noninterest income
  • $7,824Total noninterest expense
  • $3,831Salaries and employee benefits
  • $816Premises and equipment expense
  • $3,177Additional noninterest expense
  • $43Pre-tax net operating income
  • -$11Securities gains (losses)
  • -$131Applicable income taxes
  • $163Income before extraordinary items
  • $0Extraordinary gains - net
  • $163Net income attributable to bank
  • $0Net charge-offs
  • $163Cash dividends
  • $4,865Sale, conversion, retirement of capital stock, net
  • $95Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.05%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.53%Return on equity (ROE)
  • 0.22%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 123.95%Credit loss provision to net charge-offs
  • 1.25%Efficiency ratio
  • 56,300Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.28%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 30.34%Noncurrent assets plus other real estate owned to assets
  • 8.17%Noncurrent loans to loans
  • 7.56%Net loans and leases to deposits
  • 100.96%Net loans and leases to core deposits
  • 105.14%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 11.16%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $334,700Average earning assets
  • $30,748Average equity
  • $304,301Average loans

List of branches

  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04017The Farmers Bank Of Willards7484 Market Street, Willards, MD 21874January 03, 1925Full Service Brick and Mortar
    1208332Willards Branch7233 Main Street, Willards, MD 21874August 21, 1978Full Service Brick and Mortar
    2208333Salisbury BranchTilghman Road, Salisbury, MD 21801October 16, 1987Full Service Brick and Mortar
    3208334Pemberton Branch1150 Parsons Road, Salisbury, MD 21801June 11, 1994Full Service Brick and Mortar
    4428716Milford Street Branch102 Milford Street, Salisbury, MD 21804April 02, 2004Full Service Brick and Mortar
    5428717West Ocean City Branch12641 Ocean Gateway, Ocean City, MD 21842May 14, 2004Full Service Brick and Mortar
    6453292North Ocean City Branch12831 Coastal Highway, Ocean City, MD 21842April 04, 2006Full Service Brick and Mortar
    7510859Talbot St. Branch200 S. Philadelphia Ave., Ocean City, MD 21842July 13, 2009Full Service Brick and Mortar

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