The Farmers State Bank in Mcpherson, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 13883
    Status: Active
    Federal Reserve ID: 801056
    Bank Holding Company (Regulatory Top Holder): Galva Bancshares, Inc. (RSSDID: 1064689, Location: Galva, KS)
    Date Established: October 09, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 8680
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: Febuary 12, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 28, 2010
    Last Data Update: September 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2074 East Kansas Avenue, Mcpherson, KS 67460
    County: Mcpherson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): McPherson, KS (#32700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $86.7 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $71.4 mil
    Return on assets (ROA): 1.43% ($1.2 mil)
    Quarterly return on assets: 1.19% ($1.0 mil)
    Return on Equity (ROE): 16.59% ($1.3 mil)
    Quarterly return on equity: 12.98% ($1.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.49% ($1,292.4 mil)
    Quarterly Pretax return on assets: 1.26% ($1,092.9 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
  • 20Total employees (full-time equivalent)
  • $86,737Total assets
  • $3,252Cash and due from depository institutions
  • $355Interest-bearing balances
  • $31,425Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,585Net loans & leases
  • $748Loan loss allowance
  • $0Trading account assets
  • $1,627Bank premises and fixed assets
  • $170Other real estate owned
  • $0Goodwill and other intangibles
  • $86,737Life insurance assets
  • $1,678All other assets
  • $78,492Total liabilities and capital
  • $71,357Total liabilities
  • $56,768Total deposits
  • $71,357Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,993Trading liabilities
  • $0Other borrowed funds
  • $142Subordinated debt
  • $8,245All other liabilities
  • $8,245Total equity capital
  • $8,245Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $950Surplus
  • $6,745Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $305Income earned, not collected on loans
  • $0Earning assets
  • $581Long-term assets (5+ years)
  • $80,365Average Assets, year-to-date
  • $53,157Average Assets, quarterly
  • $85,751Volatile liabilities
  • $87,074Insider loans
  • $54,301FHLB advances
  • $88,196Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,080Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,138Restructured Loans and leases
  • $817Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,219Total interest income
  • $822Total interest expense
  • $3,397Net interest income
  • $45Provision for loan and lease losses
  • $537Total noninterest income
  • $0Fiduciary activities
  • $279Service charges on deposit accounts
  • $0Trading account gains & fees
  • $258Additional noninterest income
  • $2,650Total noninterest expense
  • $1,456Salaries and employee benefits
  • $394Premises and equipment expense
  • $800Additional noninterest expense
  • $1,239Pre-tax net operating income
  • $36Securities gains (losses)
  • $45Applicable income taxes
  • $1,230Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,230Net income attributable to bank
  • $0Net charge-offs
  • $1,230Cash dividends
  • -$37Sale, conversion, retirement of capital stock, net
  • $630Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 16.59%Return on equity (ROE)
  • 8.09%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • -121.62%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,361Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.22%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 245.25%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 68.09%Net loans and leases to core deposits
  • 69.25%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 13.04%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $85,751Average earning assets
  • $7,416Average equity
  • $78,362Average loans

List of branches

  • 4 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08680The Farmers State Bank2074 East Kansas Avenue, Mcpherson, KS 67460October 09, 1909Full Service Brick and Mortar
    2230587Galva Branch209 Main Street, Galva, KS 67443October 16, 1989Full Service Brick and Mortar
    3230588Lindsborg Branch447 Harrison, Lindsborg, KS 67456October 15, 1990Full Service Brick and Mortar
    4441816Mcpherson North Branch1603 North Main, Mcpherson, KS 67460November 01, 2004Full Service Brick and Mortar

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