Farmers Savings Bank in Garwin, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1995

Farmers Savings Bank in Garwin, Iowa (IA)
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Farmers Savings Bank - Overview

General
FDIC Certificate #: 13657
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Lincoln Savings Bank (#14207)
Federal Reserve ID: 534644
Date Established: January 01, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8535
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: January 16, 1934
Last Structure Change Effective Date: October 01, 1995
Last Structure Change Process Date: October 10, 1995
Last Data Update: October 10, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Garwin, IA 50632
County: Tama
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $14.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$7Total assets
$16,111Cash and due from depository institutions
$870Interest-bearing balances
$0Securities
$5,845Federal funds sold & reverse repurchase agreements
$625Net loans & leases
$8,377Loan loss allowance
$58Trading account assets
$0Bank premises and fixed assets
$136Other real estate owned
$5Goodwill and other intangibles
$253Life insurance assets
$0All other assets
$0Total liabilities and capital
$16,111Total liabilities
$14,147Total deposits
$14,089Interest-bearing deposits
$13,297Deposits held in domestic offices
14089.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$58Total equity capital
$58Total bank equity capital
$1,964Perpetual preferred stock
$0Common stock
$150Surplus
$1,100Undivided profits
Memoranda
$714Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$108Income earned, not collected on loans
$176Earning assets
$14,847Long-term assets (5+ years)
$4,127Average Assets, year-to-date
$15,393Average Assets, quarterly
$15,666Volatile liabilities
$208Insider loans
$290FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,070Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,964Total risk weighted assets
$9,047Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,049Total interest expense
$458Net interest income
$591Provision for loan and lease losses
-$20Total noninterest income
$63Fiduciary activities
$0Service charges on deposit accounts
$33Trading account gains & fees
$0Additional noninterest income
$30Total noninterest expense
$548Salaries and employee benefits
$334Premises and equipment expense
$59Additional noninterest expense
$155Pre-tax net operating income
$126Securities gains (losses)
$0Applicable income taxes
$23Income before extraordinary items
$103Extraordinary gains - net
$0Net income attributable to bank
$103Net charge-offs
-$2Cash dividends
$90Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.24%Cost of funding earning assets
3.16%Net interest margin
4.08%Noninterest income to earning assets
0.43%Noninterest expense to earning assets
3.78%Net operating income to assets
0.67%Return on assets (ROA)
0.67%Pretax return on assets
0.82%Return on equity (ROE)
5.35%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
1000.00%Efficiency ratio
83,792Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.38%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
53.70%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.28%Net loans and leases to deposits
59.46%Net loans and leases to core deposits
60.35%Equity capital to assets
12.19%Core capital (leverage) ratio
12.72%Tier 1 risk-based capital ratio
21.71%Total risk-based capital ratio
Memoranda
$22Average assets
$15,393Average earning assets
$1,926Average equity
$14,487Average loans

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