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
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