The Farmers State Bank in Quinton, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers State Bank - Overview

  • 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
    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)

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
  • 35Total employees (full-time equivalent)
  • $80,788Total assets
  • $3,598Cash and due from depository institutions
  • $135Interest-bearing balances
  • $31,423Securities
  • $3,986Federal funds sold & reverse repurchase agreements
  • $35,625Net loans & leases
  • $998Loan loss allowance
  • $0Trading account assets
  • $1,607Bank premises and fixed assets
  • $75Other real estate owned
  • $0Goodwill and other intangibles
  • $80,788Life insurance assets
  • $4,474All other assets
  • $74,520Total liabilities and capital
  • $72,012Total liabilities
  • $56,303Total deposits
  • $72,012Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $665Trading liabilities
  • $0Other borrowed funds
  • $1,843Subordinated debt
  • $6,268All other liabilities
  • $6,268Total equity capital
  • $6,268Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $700Surplus
  • $5,118Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $285Income earned, not collected on loans
  • $0Earning assets
  • $476Long-term assets (5+ years)
  • $71,169Average Assets, year-to-date
  • $39,571Average Assets, quarterly
  • $77,982Volatile liabilities
  • $80,081Insider loans
  • $42,040FHLB advances
  • $79,450Loans and leases held for sale
  • $3,168Unused loan commitments
  • $3,168Tier 1 (core) risk-based capital
  • $6,251Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,594Restructured Loans and leases
  • $288Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,635Total interest income
  • $527Total interest expense
  • $3,108Net interest income
  • $50Provision for loan and lease losses
  • $1,293Total noninterest income
  • $0Fiduciary activities
  • $668Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $3,657Total noninterest expense
  • $1,959Salaries and employee benefits
  • $746Premises and equipment expense
  • $952Additional noninterest expense
  • $694Pre-tax net operating income
  • $196Securities gains (losses)
  • $0Applicable income taxes
  • $890Income before extraordinary items
  • $0Extraordinary gains - net
  • $890Net income attributable to bank
  • $0Net charge-offs
  • $890Cash dividends
  • $118Sale, conversion, retirement of capital stock, net
  • $561Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.50%Net interest margin
  • 1.87%Noninterest income to earning assets
  • 5.30%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 14.93%Return on equity (ROE)
  • 5.52%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 42.37%Credit loss provision to net charge-offs
  • 6.31%Efficiency ratio
  • 83,095Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.03%Loss allowance to loans
  • 2.73%Loss allowance to noncurrent loans
  • 350.18%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 49.47%Net loans and leases to core deposits
  • 50.44%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 7.87%Tier 1 risk-based capital ratio
  • 14.87%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $77,982Average earning assets
  • $5,960Average equity
  • $69,032Average loans

List of branches

  • 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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