The Farmers State Bank in Quinton, Oklahoma (OK)

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The Farmers State Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)

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)35
Total assets$80,788
Cash and due from depository institutions$3,598
Interest-bearing balances$135
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
Undivided profits $5,118
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
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 ratio6.31%
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 deposits0.78%
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%
Average assets$16
Average earning assets$77,982
Average equity $5,960
Average loans $69,032
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3 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0310The Farmers State Bank1101 West Main Street, Quinton, OK 74561March 08, 1908Full Service Brick and Mortar
1332Red Oak BranchEast Second And Oak Streets, Red Oak, OK 74563January 01, 1905Full Service Brick and Mortar
2181613Haskell County Branch1600 East Main Street, Stigler, OK 74462June 30, 1996Full Service Brick and Mortar
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