FDIC Certificate #: 8563 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Farmers State Bank (#13897) Federal Reserve ID: 705453 Date Established: December 14, 1892 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5469 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 03, 2010 Last Structure Change Process Date: December 08, 2010 Last Data Update: December 08, 2010 Data Source Date: April 05, 2012
Location
Address: 110 E Main St, Fairfax, MO 64446 County: Atchison 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: West
Financial Summary
Total assets: $15.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
5Total employees (full-time equivalent)
$14,729Total assets
$9,309Cash and due from depository institutions
$7,547Interest-bearing balances
$1,614Securities
$85Federal funds sold & reverse repurchase agreements
$3,440Net loans & leases
$80Loan loss allowance
$0Trading account assets
$86Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$195All other assets
$14,729Total liabilities and capital
$12,333Total liabilities
$12,278Total deposits
$8,211Interest-bearing deposits
$12,278Deposits held in domestic offices
87.19%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$55All other liabilities
$2,396Total equity capital
$2,396Total bank equity capital
$2,396Perpetual preferred stock
$0Common stock
$50Surplus
$250Undivided profits
Memoranda
$2,096Noncurrent loans and leases
$450Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$30Earning assets
$0Long-term assets (5+ years)
$42Average Assets, year-to-date
$12,686Average Assets, quarterly
$266Volatile liabilities
$14,839Insider loans
$14,508FHLB advances
$434Loans and leases held for sale
$103Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$450Total unused commitments
$0Restructured Loans and leases
$72Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$544Total interest income
$70Total interest expense
$474Net interest income
$285Provision for loan and lease losses
$35Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$314Total noninterest expense
$231Salaries and employee benefits
-$9Premises and equipment expense
$92Additional noninterest expense
-$90Pre-tax net operating income
$0Securities gains (losses)
-$30Applicable income taxes
-$60Income before extraordinary items
$0Extraordinary gains - net
-$60Net income attributable to bank
$0Net charge-offs
-$60Cash dividends
$410Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.12%Yield on earning assets
0.53%Cost of funding earning assets
3.59%Net interest margin
0.27%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
-0.40%Net operating income to assets
-0.40%Return on assets (ROA)
-0.61%Pretax return on assets
-2.31%Return on equity (ROE)
-10.03%Retained earnings to average equity (YTD only)
10.78%Net charge-offs to loans
69.51%Credit loss provision to net charge-offs
0.48%Efficiency ratio
61,690Assets per employee
2.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
-333.33%Loss allowance to loans
2.27%Loss allowance to noncurrent loans
266.67%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.85%Net loans and leases to deposits
28.02%Net loans and leases to core deposits
29.04%Equity capital to assets
16.27%Core capital (leverage) ratio
16.20%Tier 1 risk-based capital ratio
41.05%Total risk-based capital ratio
Memoranda
$42Average assets
$14,839Average earning assets
$2,592Average equity
$13,201Average loans
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