The Farmers State Bank in Quinton, Oklahoma (OK)
| The Farmers State Bank | |
|---|---|
| General | FDIC Certificate #: 404 Status: Active Federal Reserve ID: 647759 Bank Holding Company (Regulatory Top Holder): F.S.b. Properties, Inc. (RSSDID: 1055539, Location: Quinton, OK) Date Established: March 08, 1908 WWW: http://www.farmersstatebankonline.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Domestic: 3, Interstate: No) OTS Docket #: 12842 FDIC's unique #: 310 Numeric code: 13 Regulator: FED 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: 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: 1101 West Main Street, Quinton, OK 74561 County: Pittsburg Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Tulsa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): McAlester, OK (#32540) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $80.8 mil Equity capital: $6.3 mil Deposits held in domestic offices: $72.0 mil Return on assets (ROA): 1.14% ($0.9 mil) Quarterly return on assets: 0.87% ($0.7 mil) Return on Equity (ROE): 14.93% ($0.9 mil) Quarterly return on equity: 10.93% ($0.7 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.14% ($921.0 mil) Quarterly Pretax return on assets: 0.87% ($702.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 35 |
| Total assets | $80,788 |
| Cash and due from depository institutions | $3,598 |
| Interest-bearing balances | $135 |
| Securities | $31,423 |
| Federal funds sold & reverse repurchase agreements | $3,986 |
| Net loans & leases | $35,625 |
| Loan loss allowance | $998 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,607 |
| Other real estate owned | $75 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,474 |
| Life insurance assets | $80,788 |
| Total liabilities and capital | $74,520 |
| Total liabilities | $72,012 |
| Total deposits | $56,303 |
| Interest-bearing deposits | $72,012 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $665 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,843 |
| All other liabilities | $6,268 |
| Total equity capital | $6,268 |
| Total bank equity capital | $6,268 |
| Perpetual preferred stock | $0 |
| Common stock | $450 |
| Surplus | $700 |
| Undivided profits | $5,118 |
| 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 | $285 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $476 |
| Average Assets, year-to-date | $71,169 |
| Average Assets, quarterly | $39,571 |
| Volatile liabilities | $77,982 |
| Insider loans | $80,081 |
| FHLB advances | $42,040 |
| Loans and leases held for sale | $79,450 |
| Unused loan commitments | $3,168 |
| Tier 1 (core) risk-based capital | $3,168 |
| Tier 2 risk-based capital | $6,251 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,594 |
| Derivatives | $288 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,635 |
| Total interest expense | $527 |
| Net interest income | $3,108 |
| Provision for loan and lease losses | $50 |
| Total noninterest income | $1,293 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $668 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $625 |
| Total noninterest expense | $3,657 |
| Salaries and employee benefits | $1,959 |
| Premises and equipment expense | $746 |
| Additional noninterest expense | $952 |
| Pre-tax net operating income | $694 |
| Securities gains (losses) | $196 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $890 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $890 |
| Net charge-offs | $0 |
| Cash dividends | $890 |
| Sale, conversion, retirement of capital stock, net | $118 |
| Net operating income | $561 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.27% |
| Cost of funding earning assets | 0.76% |
| Net interest margin | 4.50% |
| Noninterest income to earning assets | 1.87% |
| Noninterest expense to earning assets | 5.30% |
| Net operating income to assets | 0.89% |
| Return on assets (ROA) | 1.14% |
| Pretax return on assets | 1.14% |
| Return on equity (ROE) | 14.93% |
| Retained earnings to average equity (YTD only) | 5.52% |
| Net charge-offs to loans | 0.32% |
| Credit loss provision to net charge-offs | 42.37% |
| Efficiency ratio | 6.31% |
| Assets per employee | $83,095 |
| Cash dividends to net income (YTD only) | 2.31% |
| Condition Ratios (%) | |
| Loss allowance to loans | 63.03% |
| Loss allowance to noncurrent loans | 2.73% |
| Noncurrent assets plus other real estate owned to assets | 350.18% |
| Noncurrent loans to loans | 0.45% |
| Net loans and leases to deposits | 0.78% |
| Net loans and leases to core deposits | 49.47% |
| Equity capital to assets | 50.44% |
| Core capital (leverage) ratio | 7.76% |
| Tier 1 risk-based capital ratio | 7.87% |
| Total risk-based capital ratio | 14.87% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $77,982 |
| Average equity | $5,960 |
| Average loans | $69,032 |
| 3 Oklahoma Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 310 | The Farmers State Bank | 1101 West Main Street, Quinton, OK 74561 | March 08, 1908 | Full Service Brick and Mortar |  |
| 1 | 332 | Red Oak Branch | East Second And Oak Streets, Red Oak, OK 74563 | January 01, 1905 | Full Service Brick and Mortar |  |
| 2 | 181613 | Haskell County Branch | 1600 East Main Street, Stigler, OK 74462 | June 30, 1996 | Full Service Brick and Mortar | |
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