The Farmers State Bank at Fort Morgan, Colorado in Fort Morgan, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2008

  • The Farmers State Bank at Fort Morgan, Colorado in Fort Morgan, Colorado (CO)
  • Show street view No street view available for this location

The Farmers State Bank at Fort Morgan, Colorado - Overview

  • General
  • FDIC Certificate #: 9215
    Status: Inactive
    Federal Reserve ID: 309758
    Date Established: January 01, 1915
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 52255
    FDIC's unique #: 5898
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 10, 2008
    Last Structure Change Process Date: December 15, 2008
    Last Data Update: December 15, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 East Kiowa Avenue, Fort Morgan, CO 80701
    County: Morgan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Morgan, CO (#22820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $132.4 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, 2007)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $148,302Total assets
  • $4,074Cash and due from depository institutions
  • $17Interest-bearing balances
  • $68,014Securities
  • $9,060Federal funds sold & reverse repurchase agreements
  • $63,718Net loans & leases
  • $970Loan loss allowance
  • $0Trading account assets
  • $208Bank premises and fixed assets
  • $0Other real estate owned
  • $92Goodwill and other intangibles
  • $69Life insurance assets
  • $3,136All other assets
  • $148,302Total liabilities and capital
  • $125,705Total liabilities
  • $115,511Total deposits
  • $87,947Interest-bearing deposits
  • $115,511Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $1,194All other liabilities
  • $22,597Total equity capital
  • $22,597Total bank equity capital
  • $22,597Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $4,000Undivided profits
  • Memoranda
  • $14,597Noncurrent loans and leases
  • $21,484Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1Earning assets
  • $0Long-term assets (5+ years)
  • $1,434Average Assets, year-to-date
  • $140,809Average Assets, quarterly
  • $17,299Volatile liabilities
  • $141,412Insider loans
  • $145,434FHLB advances
  • $22,320Loans and leases held for sale
  • $488Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,484Total unused commitments
  • $0Restructured Loans and leases
  • $970Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $8,142Total interest income
  • $2,963Total interest expense
  • $5,179Net interest income
  • -$252Provision for loan and lease losses
  • $753Total noninterest income
  • $382Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $3,661Total noninterest expense
  • $2,195Salaries and employee benefits
  • $377Premises and equipment expense
  • $1,089Additional noninterest expense
  • $2,523Pre-tax net operating income
  • $8Securities gains (losses)
  • $0Applicable income taxes
  • $2,531Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,531Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $106Sale, conversion, retirement of capital stock, net
  • $2,200Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 2.19%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 11.72%Return on equity (ROE)
  • 1.53%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • -237.74%Credit loss provision to net charge-offs
  • 21.42%Efficiency ratio
  • 61,716Assets per employee
  • 4.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.92%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 97000.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 55.16%Net loans and leases to core deposits
  • 65.22%Equity capital to assets
  • 15.24%Core capital (leverage) ratio
  • 15.59%Tier 1 risk-based capital ratio
  • 28.06%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $141,412Average earning assets
  • $21,593Average equity
  • $135,358Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $98,022Managed Assets
  • 1Number of Accounts
  • $66,126Personal trust and agency accounts
  • $48,172Employee benefit-defined contribution accounts
  • $17,592Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $362Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 185Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $31,896Other retirement accounts
  • $22,811Corporate trust and agency accounts
  • $5,355Other fiduciary accounts
  • $3,577Fiduciary accounts held in foreign offices

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Farmers State Bank at Fort Morgan, Colorado.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents