The Farmers Savings Bank in Spencer, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers Savings Bank - Overview

  • General
  • FDIC Certificate #: 2290
    Status: Active
    Federal Reserve ID: 457220
    Date Established: January 01, 1925
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1514
    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: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 111 West Main Street, Spencer, OH 44275
    County: Medina
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $274.4 mil
    Equity capital: $61.7 mil
    Deposits held in domestic offices: $212.3 mil
    Return on assets (ROA): 2.27% ($6.2 mil)
    Quarterly return on assets: 2.02% ($5.5 mil)
    Return on Equity (ROE): 10.59% ($6.6 mil)
    Quarterly return on equity: 8.87% ($5.5 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.27% ($6,229.2 mil)
    Quarterly Pretax return on assets: 2.02% ($5,543.2 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
  • 28Total employees (full-time equivalent)
  • $274,415Total assets
  • $10,521Cash and due from depository institutions
  • $949Interest-bearing balances
  • $163,863Securities
  • $9,785Federal funds sold & reverse repurchase agreements
  • $86,426Net loans & leases
  • $2,298Loan loss allowance
  • $0Trading account assets
  • $1,528Bank premises and fixed assets
  • $45Other real estate owned
  • $0Goodwill and other intangibles
  • $274,415Life insurance assets
  • $2,247All other assets
  • $212,760Total liabilities and capital
  • $212,350Total liabilities
  • $196,876Total deposits
  • $212,350Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $410Subordinated debt
  • $61,655All other liabilities
  • $61,655Total equity capital
  • $61,655Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,450Surplus
  • $59,155Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,285Income earned, not collected on loans
  • $0Earning assets
  • $1,172Long-term assets (5+ years)
  • $261,023Average Assets, year-to-date
  • $222,586Average Assets, quarterly
  • $262,787Volatile liabilities
  • $273,979Insider loans
  • $106,063FHLB advances
  • $274,068Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,603Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,322Restructured Loans and leases
  • $1,053Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,638Total interest income
  • $2,855Total interest expense
  • $8,783Net interest income
  • $600Provision for loan and lease losses
  • $351Total noninterest income
  • $0Fiduciary activities
  • $304Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $2,837Total noninterest expense
  • $1,588Salaries and employee benefits
  • $341Premises and equipment expense
  • $908Additional noninterest expense
  • $5,697Pre-tax net operating income
  • $269Securities gains (losses)
  • $0Applicable income taxes
  • $5,966Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,966Net income attributable to bank
  • $0Net charge-offs
  • $5,966Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $3,625Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • 2.17%Net operating income to assets
  • 2.27%Return on assets (ROA)
  • 2.27%Pretax return on assets
  • 10.59%Return on equity (ROE)
  • 4.15%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 800.00%Credit loss provision to net charge-offs
  • 83.96%Efficiency ratio
  • 31,060Assets per employee
  • 9.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.76%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 24.75%Noncurrent assets plus other real estate owned to assets
  • 3.40%Noncurrent loans to loans
  • 10.47%Net loans and leases to deposits
  • 40.70%Net loans and leases to core deposits
  • 45.73%Equity capital to assets
  • 22.47%Core capital (leverage) ratio
  • 20.29%Tier 1 risk-based capital ratio
  • 52.42%Total risk-based capital ratio
  • Memoranda
  • $54Average assets
  • $262,787Average earning assets
  • $56,343Average equity
  • $248,018Average loans

List of branches

  • 2 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01514The Farmers Savings Bank111 West Main Street, Spencer, OH 44275January 01, 1925Full Service Brick and Mortar
    1192454Wellington Branch502 South Main Street, Wellington, OH 44090June 03, 1999Full Service Brick and Mortar

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