The Farmers State Bank of Brush in Brush, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Farmers State Bank of Brush in Brush, Colorado (CO)
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The Farmers State Bank of Brush - Overview

  • General
  • FDIC Certificate #: 10407
    Status: Active
    Federal Reserve ID: 621151
    Bank Holding Company (Regulatory Top Holder): First Pioneer Bank Corp. (RSSDID: 1062528, Location: Wray, CO)
    Date Established: October 09, 1915
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6656
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 11, 2009
    Last Structure Change Process Date: November 19, 2009
    Last Data Update: November 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Clayton Street, Brush, CO 80723
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $93.7 mil
    Equity capital: $15.8 mil
    Deposits held in domestic offices: $77.0 mil
    Return on assets (ROA): 1.14% ($1.1 mil)
    Quarterly return on assets: 1.31% ($1.2 mil)
    Return on Equity (ROE): 6.79% ($1.1 mil)
    Quarterly return on equity: 7.74% ($1.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.46% ($1,367.3 mil)
    Quarterly Pretax return on assets: 1.73% ($1,620.2 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
  • 29Total employees (full-time equivalent)
  • $93,651Total assets
  • $7,302Cash and due from depository institutions
  • $5,247Interest-bearing balances
  • $29,294Securities
  • $520Federal funds sold & reverse repurchase agreements
  • $53,845Net loans & leases
  • $797Loan loss allowance
  • $0Trading account assets
  • $477Bank premises and fixed assets
  • $397Other real estate owned
  • $0Goodwill and other intangibles
  • $93,651Life insurance assets
  • $1,816All other assets
  • $77,866Total liabilities and capital
  • $77,037Total liabilities
  • $60,031Total deposits
  • $77,037Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $597Trading liabilities
  • $0Other borrowed funds
  • $232Subordinated debt
  • $15,785All other liabilities
  • $15,785Total equity capital
  • $15,785Total bank equity capital
  • $0Perpetual preferred stock
  • $563Common stock
  • $3,000Surplus
  • $12,222Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16Income earned, not collected on loans
  • $0Earning assets
  • $1,296Long-term assets (5+ years)
  • $88,906Average Assets, year-to-date
  • $20,340Average Assets, quarterly
  • $91,537Volatile liabilities
  • $92,706Insider loans
  • $57,709FHLB advances
  • $92,149Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,195Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,632Restructured Loans and leases
  • $71Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,266Total interest income
  • $529Total interest expense
  • $3,737Net interest income
  • $70Provision for loan and lease losses
  • $478Total noninterest income
  • $220Fiduciary activities
  • $182Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $2,807Total noninterest expense
  • $1,713Salaries and employee benefits
  • $346Premises and equipment expense
  • $748Additional noninterest expense
  • $1,338Pre-tax net operating income
  • -$1Securities gains (losses)
  • $297Applicable income taxes
  • $1,040Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,040Net income attributable to bank
  • $0Net charge-offs
  • $1,040Cash dividends
  • -$35Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 6.79%Return on equity (ROE)
  • 2.87%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,595Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.69%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 4981.25%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 69.89%Net loans and leases to core deposits
  • 71.88%Equity capital to assets
  • 16.86%Core capital (leverage) ratio
  • 16.49%Tier 1 risk-based capital ratio
  • 26.33%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $91,537Average earning assets
  • $15,327Average equity
  • $86,670Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $97,669Managed Assets
  • 1Number of Accounts
  • $97,669Personal trust and agency accounts
  • $70,961Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $26,708Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 8Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06656The Farmers State Bank Of Brush200 Clayton Street, Brush, CO 80723October 09, 1915Full Service Brick and Mortar
    1222357Drive-In Facility205 Carson Street, Brush, CO 80723December 23, 1974Limited Service Facility
    2497279Akron Branch101 Main Avenue, Akron, CO 80720November 11, 2009Full Service Brick and Mortar

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