The Farmers State Bank in New Madison, Ohio (OH)



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The Farmers State Bank
GeneralFDIC Certificate #: 14991
Status: Active
Federal Reserve ID: 370721
Bank Holding Company (Regulatory Top Holder): Fsb Financial Corp (RSSDID: 1071605, Location: New Madison, OH)
Date Established: January 01, 1919
WWW: http://www.myfsbdirect.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 10240
FDIC's unique #: 9394
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 17, 1935
Last Structure Change Effective Date: January 04, 2012
Last Structure Change Process Date: January 04, 2012
Last Data Update: January 04, 2012
Data Source Date: April 05, 2012
LocationAddress: 101 South Main Street, New Madison, OH 45346
County: Darke
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Cincinnati
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Dayton-Springfield-Greenville, OH (#212)
Core Based Statistical Area (CBSA): Greenville, OH (#24820)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $125.8 mil
Equity capital: $14.0 mil
Deposits held in domestic offices: $109.1 mil
Return on assets (ROA): 0.87% ($1.1 mil)
Quarterly return on assets: 1.04% ($1.3 mil)
Return on Equity (ROE): 7.93% ($1.1 mil)
Quarterly return on equity: 9.29% ($1.3 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.18% ($1,484.4 mil)
Quarterly Pretax return on assets: 1.21% ($1,522.1 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)38
Total assets$125,797
Cash and due from depository institutions$8,018
Interest-bearing balances$7,363
Securities$25,772
Federal funds sold & reverse repurchase agreements$105
Net loans & leases$82,914
Loan loss allowance $1,500
Trading account assets$0
Bank premises and fixed assets$1,696
Other real estate owned$454
Goodwill and other intangibles$196
All other assets$6,642
Life insurance assets$125,797
Total liabilities and capital$111,837
Total liabilities$109,062
Total deposits$99,877
Interest-bearing deposits$109,062
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,061
Other borrowed funds $0
Subordinated debt $1,714
All other liabilities $13,960
Total equity capital$13,960
Total bank equity capital$13,960
Perpetual preferred stock$0
Common stock$110
Surplus$1,890
Undivided profits $11,960
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $344
Income earned, not collected on loans $507
Earning assets $0
Long-term assets (5+ years) $891
Average Assets, year-to-date $116,154
Average Assets, quarterly $27,036
Volatile liabilities $121,854
Insider loans $124,569
FHLB advances $80,535
Loans and leases held for sale $125,244
Unused loan commitments $3,199
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,867
Total risk weighted assets $3,199
Total unused commitments $0
Restructured Loans and leases $7,857
Derivatives$336
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,930
Total interest expense $1,168
Net interest income $4,762
Provision for loan and lease losses $473
Total noninterest income $812
Fiduciary activities $0
Service charges on deposit accounts $123
Trading account gains & fees $0
Additional noninterest income $689
Total noninterest expense $3,690
Salaries and employee benefits $2,015
Premises and equipment expense $369
Additional noninterest expense $1,306
Pre-tax net operating income $1,411
Securities gains (losses) $21
Applicable income taxes $368
Income before extraordinary items $1,064
Extraordinary gains - net $0
Net income attributable to bank $1,064
Net charge-offs $0
Cash dividends $1,064
Sale, conversion, retirement of capital stock, net $208
Net operating income $176
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.28%
Cost of funding earning assets 1.04%
Net interest margin 4.24%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 3.28%
Net operating income to assets 0.86%
Return on assets (ROA) 0.87%
Pretax return on assets 1.18%
Return on equity (ROE) 7.93%
Retained earnings to average equity (YTD only) 6.62%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 227.40%
Efficiency ratio9.06%
Assets per employee$66,200
Cash dividends to net income (YTD only)3.31%
Condition Ratios (%)
Loss allowance to loans 16.54%
Loss allowance to noncurrent loans 1.78%
Noncurrent assets plus other real estate owned to assets 295.86%
Noncurrent loans to loans 0.76%
Net loans and leases to deposits0.60%
Net loans and leases to core deposits 76.02%
Equity capital to assets 85.80%
Core capital (leverage) ratio 11.10%
Tier 1 risk-based capital ratio 11.07%
Total risk-based capital ratio 17.22%
Memoranda
Average assets$18
Average earning assets$121,854
Average equity $13,416
Average loans $112,362
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5 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09394The Farmers State Bank101 South Main Street, New Madison, OH 45346January 01, 1919Full Service Brick and Mortar
1232708Greenville Branch1107 Sweitzer Street, Greenville, OH 45331Febuary 22, 1980Full Service Brick and Mortar
2232709New Paris Branch618 South Washington Street, New Paris, OH 45347August 11, 1989Full Service Brick and Mortar
3358159Wagner Avenue Branch675 Wagner Avenue, Greenville, OH 45331September 05, 2000Full Service Brick and Mortar
4489965Springboro Branch65 West Central Avenue, Springboro, OH 45066April 06, 2009Full Service Brick and Mortar
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