The Farmers State Bank of Westmoreland in Westmoreland, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers State Bank of Westmoreland - Overview

  • General
  • FDIC Certificate #: 15164
    Status: Active
    Federal Reserve ID: 615851
    Date Established: January 01, 1898
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 52779
    FDIC's unique #: 9531
    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: May 24, 1935
    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: 307 Main Street, Westmoreland, KS 66549
    County: Pottawatomie
    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
    Core Based Statistical Area (CBSA): Manhattan, KS (#31740)
    CBSA Metro Statistical Area: Manhattan, KS (#31740)
  • History of Changes
  • Corrections
    Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $128.9 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $108.2 mil
    Return on assets (ROA): 0.85% ($1.1 mil)
    Quarterly return on assets: 0.77% ($1.0 mil)
    Return on Equity (ROE): 5.83% ($1.1 mil)
    Quarterly return on equity: 5.13% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.14% ($1,470.0 mil)
    Quarterly Pretax return on assets: 1.13% ($1,457.1 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
  • 24Total employees (full-time equivalent)
  • $128,947Total assets
  • $5,780Cash and due from depository institutions
  • $3,453Interest-bearing balances
  • $24,394Securities
  • $7,644Federal funds sold & reverse repurchase agreements
  • $85,657Net loans & leases
  • $1,659Loan loss allowance
  • $0Trading account assets
  • $1,378Bank premises and fixed assets
  • $1,723Other real estate owned
  • $0Goodwill and other intangibles
  • $128,947Life insurance assets
  • $2,371All other assets
  • $110,030Total liabilities and capital
  • $108,228Total liabilities
  • $98,391Total deposits
  • $108,228Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,390Trading liabilities
  • $0Other borrowed funds
  • $412Subordinated debt
  • $18,917All other liabilities
  • $18,917Total equity capital
  • $18,917Total bank equity capital
  • $0Perpetual preferred stock
  • $94Common stock
  • $377Surplus
  • $18,446Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,665Income earned, not collected on loans
  • $0Earning assets
  • $1,372Long-term assets (5+ years)
  • $121,148Average Assets, year-to-date
  • $41,112Average Assets, quarterly
  • $125,245Volatile liabilities
  • $125,724Insider loans
  • $129,881FHLB advances
  • $125,611Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,307Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,142Restructured Loans and leases
  • $240Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,300Total interest income
  • $1,641Total interest expense
  • $4,659Net interest income
  • $1,000Provision for loan and lease losses
  • $646Total noninterest income
  • $0Fiduciary activities
  • $185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $461Additional noninterest income
  • $2,871Total noninterest expense
  • $1,481Salaries and employee benefits
  • $251Premises and equipment expense
  • $1,139Additional noninterest expense
  • $1,434Pre-tax net operating income
  • $0Securities gains (losses)
  • $370Applicable income taxes
  • $1,064Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,064Net income attributable to bank
  • $0Net charge-offs
  • $1,064Cash dividends
  • $1,665Sale, conversion, retirement of capital stock, net
  • $113Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 5.83%Return on equity (ROE)
  • 5.21%Retained earnings to average equity (YTD only)
  • 1.92%Net charge-offs to loans
  • 60.06%Credit loss provision to net charge-offs
  • 1.46%Efficiency ratio
  • 54,119Assets per employee
  • 5.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.62%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 62.25%Noncurrent assets plus other real estate owned to assets
  • 3.40%Noncurrent loans to loans
  • 3.05%Net loans and leases to deposits
  • 79.14%Net loans and leases to core deposits
  • 83.90%Equity capital to assets
  • 14.67%Core capital (leverage) ratio
  • 14.57%Tier 1 risk-based capital ratio
  • 14.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $125,245Average earning assets
  • $18,263Average equity
  • $118,106Average loans

List of branches

  • 2 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09531The Farmers State Bank Of Westmorela307 Main Street, Westmoreland, KS 66549January 01, 1898Full Service Brick and Mortar
    1423502Manhattan Branch8685 East Highway 24, Manhattan, KS 66502November 12, 2003Full Service Brick and Mortar

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