The Farmers State Bank of Turton in Turton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers State Bank of Turton - Overview

  • General
  • FDIC Certificate #: 6084
    Status: Active
    Federal Reserve ID: 496957
    Date Established: August 13, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 4108
    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: 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: 123 E. Center St., Turton, SD 57477
    County: Spink
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $22.6 mil
    Equity capital: $2.7 mil
    Deposits held in domestic offices: $19.7 mil
    Return on assets (ROA): 0.78% ($0.2 mil)
    Quarterly return on assets: 1.13% ($0.3 mil)
    Return on Equity (ROE): 6.34% ($0.2 mil)
    Quarterly return on equity: 9.14% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.08% ($244.1 mil)
    Quarterly Pretax return on assets: 1.26% ($284.8 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, 2011)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $22,600Total assets
  • $842Cash and due from depository institutions
  • $0Interest-bearing balances
  • $3,790Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $13,861Net loans & leases
  • $229Loan loss allowance
  • $0Trading account assets
  • $63Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $22,600Life insurance assets
  • $1,944All other assets
  • $19,869Total liabilities and capital
  • $19,663Total liabilities
  • $17,353Total deposits
  • $19,663Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $206Subordinated debt
  • $2,731All other liabilities
  • $2,731Total equity capital
  • $2,731Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,900Surplus
  • $781Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $320Long-term assets (5+ years)
  • $19,751Average Assets, year-to-date
  • $9,008Average Assets, quarterly
  • $21,577Volatile liabilities
  • $21,911Insider loans
  • $15,300FHLB advances
  • $21,989Loans and leases held for sale
  • $1,558Unused loan commitments
  • $1,558Tier 1 (core) risk-based capital
  • $2,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,715Restructured Loans and leases
  • $76Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $950Total interest income
  • $179Total interest expense
  • $771Net interest income
  • $0Provision for loan and lease losses
  • $104Total noninterest income
  • $0Fiduciary activities
  • $45Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $641Total noninterest expense
  • $446Salaries and employee benefits
  • $61Premises and equipment expense
  • $134Additional noninterest expense
  • $234Pre-tax net operating income
  • $0Securities gains (losses)
  • $65Applicable income taxes
  • $169Income before extraordinary items
  • $0Extraordinary gains - net
  • $169Net income attributable to bank
  • $0Net charge-offs
  • $169Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 6.34%Return on equity (ROE)
  • 0.71%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 8.36%Efficiency ratio
  • 73,257Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.76%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.49%Net loans and leases to core deposits
  • 71.69%Equity capital to assets
  • 12.08%Core capital (leverage) ratio
  • 12.10%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $21,577Average earning assets
  • $2,665Average equity
  • $18,647Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04108The Farmers State Bank Of Turton123 E. Center St., Turton, SD 57477August 13, 1915Full Service Brick and Mortar

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