The Farmers State Bank of Turton in Turton, South Dakota (SD)

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The Farmers State Bank of Turton routing number info

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The Farmers State Bank of Turton
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)6
Total assets$22,600
Cash and due from depository institutions$842
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$2,100
Net loans & leases$13,861
Loan loss allowance $229
Trading account assets$0
Bank premises and fixed assets$63
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,944
Life insurance assets$22,600
Total liabilities and capital$19,869
Total liabilities$19,663
Total deposits$17,353
Interest-bearing deposits$19,663
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $206
All other liabilities $2,731
Total equity capital$2,731
Total bank equity capital$2,731
Perpetual preferred stock$0
Common stock$50
Undivided profits $781
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $320
Average Assets, year-to-date $19,751
Average Assets, quarterly $9,008
Volatile liabilities $21,577
Insider loans $21,911
FHLB advances $15,300
Loans and leases held for sale $21,989
Unused loan commitments $1,558
Tier 1 (core) risk-based capital $1,558
Tier 2 risk-based capital $2,661
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,715
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $950
Total interest expense $179
Net interest income $771
Provision for loan and lease losses $0
Total noninterest income $104
Fiduciary activities $0
Service charges on deposit accounts $45
Trading account gains & fees $0
Additional noninterest income $59
Total noninterest expense $641
Salaries and employee benefits $446
Premises and equipment expense $61
Additional noninterest expense $134
Pre-tax net operating income $234
Securities gains (losses) $0
Applicable income taxes $65
Income before extraordinary items $169
Extraordinary gains - net $0
Net income attributable to bank $169
Net charge-offs $0
Cash dividends $169
Sale, conversion, retirement of capital stock, net $28
Net operating income $150
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.09%
Cost of funding earning assets 0.96%
Net interest margin 4.13%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 3.44%
Net operating income to assets 0.78%
Return on assets (ROA) 0.78%
Pretax return on assets 1.08%
Return on equity (ROE) 6.34%
Retained earnings to average equity (YTD only) 0.71%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio8.36%
Assets per employee$73,257
Cash dividends to net income (YTD only)3.77%
Condition Ratios (%)
Loss allowance to loans 88.76%
Loss allowance to noncurrent loans 1.63%
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 70.49%
Equity capital to assets 71.69%
Core capital (leverage) ratio 12.08%
Tier 1 risk-based capital ratio 12.10%
Total risk-based capital ratio 17.39%
Average assets$19
Average earning assets$21,577
Average equity $2,665
Average loans $18,647
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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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