The Farmers Savings Bank in Spencer, Ohio (OH)



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The Farmers Savings Bank routing number info

Table of contents:
The Farmers Savings Bank
GeneralFDIC Certificate #: 2290
Status: Active
Federal Reserve ID: 457220
Date Established: January 01, 1925
WWW: http://www.fsb-spencer.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)28
Total assets$274,415
Cash and due from depository institutions$10,521
Interest-bearing balances$949
Securities$163,863
Federal funds sold & reverse repurchase agreements$9,785
Net loans & leases$86,426
Loan loss allowance $2,298
Trading account assets$0
Bank premises and fixed assets$1,528
Other real estate owned$45
Goodwill and other intangibles$0
All other assets$2,247
Life insurance assets$274,415
Total liabilities and capital$212,760
Total liabilities$212,350
Total deposits$196,876
Interest-bearing deposits$212,350
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $410
All other liabilities $61,655
Total equity capital$61,655
Total bank equity capital$61,655
Perpetual preferred stock$0
Common stock$50
Surplus$2,450
Undivided profits $59,155
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $9,285
Earning assets $0
Long-term assets (5+ years) $1,172
Average Assets, year-to-date $261,023
Average Assets, quarterly $222,586
Volatile liabilities $262,787
Insider loans $273,979
FHLB advances $106,063
Loans and leases held for sale $274,068
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $55,603
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,322
Derivatives$1,053
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,638
Total interest expense $2,855
Net interest income $8,783
Provision for loan and lease losses $600
Total noninterest income $351
Fiduciary activities $0
Service charges on deposit accounts $304
Trading account gains & fees $0
Additional noninterest income $47
Total noninterest expense $2,837
Salaries and employee benefits $1,588
Premises and equipment expense $341
Additional noninterest expense $908
Pre-tax net operating income $5,697
Securities gains (losses) $269
Applicable income taxes $0
Income before extraordinary items $5,966
Extraordinary gains - net $0
Net income attributable to bank $5,966
Net charge-offs $0
Cash dividends $5,966
Sale, conversion, retirement of capital stock, net $75
Net operating income $3,625
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.69%
Cost of funding earning assets 1.15%
Net interest margin 3.54%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 1.14%
Net operating income to assets 2.17%
Return on assets (ROA) 2.27%
Pretax return on assets 2.27%
Return on equity (ROE) 10.59%
Retained earnings to average equity (YTD only) 4.15%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 800.00%
Efficiency ratio83.96%
Assets per employee$31,060
Cash dividends to net income (YTD only)9.80%
Condition Ratios (%)
Loss allowance to loans 60.76%
Loss allowance to noncurrent loans 2.59%
Noncurrent assets plus other real estate owned to assets 24.75%
Noncurrent loans to loans 3.40%
Net loans and leases to deposits10.47%
Net loans and leases to core deposits 40.70%
Equity capital to assets 45.73%
Core capital (leverage) ratio 22.47%
Tier 1 risk-based capital ratio 20.29%
Total risk-based capital ratio 52.42%
Memoranda
Average assets$54
Average earning assets$262,787
Average equity $56,343
Average loans $248,018
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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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