The Farmers State Bank of Corning in Overland Park, Kansas (KS)



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The Farmers State Bank of Corning
GeneralFDIC Certificate #: 18020
Status: Inactive
Acquiring institution: First Community Bank (#14023)
Federal Reserve ID: 727950
Date Established: January 01, 1888
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11949
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 04, 1959
Last Structure Change Effective Date: March 03, 2006
Last Structure Change Process Date: April 05, 2006
Last Data Update: April 05, 2006
Data Source Date: April 05, 2012
LocationAddress: 9820 Metcalf, Suite 110, Overland Park, KS 66212
County: Johnson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Kansas City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
History of ChangesMerger - Without Assistance
Change in Location
Financial SummaryTotal assets: $6.8 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)3
Total assets$6,752
Cash and due from depository institutions$184
Interest-bearing balances$0
Securities$2,133
Federal funds sold & reverse repurchase agreements$157
Net loans & leases$3,909
Loan loss allowance $65
Trading account assets$0
Bank premises and fixed assets$28
Other real estate owned$0
Goodwill and other intangibles$266
All other assets$75
Life insurance assets$0
Total liabilities and capital$6,752
Total liabilities$5,690
Total deposits$5,674
Interest-bearing deposits$4,441
Deposits held in domestic offices$5,674
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $16
Total equity capital$1,062
Total bank equity capital$1,062
Perpetual preferred stock$1,062
Common stock$0
Surplus$25
Undivided profits $1,020
Memoranda
Noncurrent loans and leases $17
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $143
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $73
Average Assets, quarterly $6,199
Volatile liabilities $0
Insider loans $6,936
FHLB advances $6,820
Loans and leases held for sale $403
Unused loan commitments $100
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $143
Restructured Loans and leases $0
Derivatives$50
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $284
Total interest expense $52
Net interest income $232
Provision for loan and lease losses $0
Total noninterest income $27
Fiduciary activities $0
Service charges on deposit accounts $19
Trading account gains & fees $0
Additional noninterest income $8
Total noninterest expense $144
Salaries and employee benefits $84
Premises and equipment expense $19
Additional noninterest expense $41
Pre-tax net operating income $115
Securities gains (losses) $0
Applicable income taxes $35
Income before extraordinary items $80
Extraordinary gains - net $0
Net income attributable to bank $80
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $75
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.36%
Cost of funding earning assets 0.80%
Net interest margin 3.56%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.21%
Net operating income to assets 1.15%
Return on assets (ROA) 1.15%
Pretax return on assets 1.66%
Return on equity (ROE) 8.87%
Retained earnings to average equity (YTD only) 0.55%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$51,737
Cash dividends to net income (YTD only)2.25%
Condition Ratios (%)
Loss allowance to loans 93.75%
Loss allowance to noncurrent loans 1.64%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 68.89%
Equity capital to assets 74.16%
Core capital (leverage) ratio 15.73%
Tier 1 risk-based capital ratio 12.09%
Total risk-based capital ratio 20.40%
Memoranda
Average assets$22
Average earning assets$6,936
Average equity $902
Average loans $6,516
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