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

This bank is inactive as of January 01, 2001

Farmers Savings Bank in Mount Pleasant, Iowa (IA)
Show street view No street view available for this location

Farmers Savings Bank - Overview

General
FDIC Certificate #: 17586
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pilot Grove Savings Bank (#9100)
Federal Reserve ID: 91642
Date Established: January 01, 1888
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 13532
FDIC's unique #: 11558
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: April 24, 1956
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: Febuary 06, 2001
Last Data Update: Febuary 06, 2001
Data Source Date: April 05, 2012
Location
Address: 410 South Grand Avenue, Mount Pleasant, IA 52641
County: Henry
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $36.1 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
10Total employees (full-time equivalent)
$36,056Total assets
$1,768Cash and due from depository institutions
$0Interest-bearing balances
$10,060Securities
$0Federal funds sold & reverse repurchase agreements
$19,605Net loans & leases
$202Loan loss allowance
$0Trading account assets
$1,222Bank premises and fixed assets
$0Other real estate owned
$3,083Goodwill and other intangibles
$0Life insurance assets
$318All other assets
$36,056Total liabilities and capital
$30,577Total liabilities
$25,021Total deposits
$20,991Interest-bearing deposits
$25,021Deposits held in domestic offices
0.00%% insured (estimated)
$1,705Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,556Other borrowed funds
$0Subordinated debt
$295All other liabilities
$5,479Total equity capital
$5,479Total bank equity capital
$5,479Perpetual preferred stock
$0Common stock
$50Surplus
$5,250Undivided profits
Memoranda
$179Noncurrent loans and leases
$1,733Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$31Earning assets
$0Long-term assets (5+ years)
$222Average Assets, year-to-date
$29,665Average Assets, quarterly
$8,117Volatile liabilities
$33,590Insider loans
$36,180FHLB advances
$7,065Loans and leases held for sale
$198Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$110Total risk weighted assets
$1,733Total unused commitments
$0Restructured Loans and leases
$202Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$829Total interest income
$454Total interest expense
$375Net interest income
$54Provision for loan and lease losses
$53Total noninterest income
$0Fiduciary activities
$49Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$340Total noninterest expense
$155Salaries and employee benefits
$73Premises and equipment expense
$112Additional noninterest expense
$34Pre-tax net operating income
$0Securities gains (losses)
$11Applicable income taxes
$23Income before extraordinary items
$0Extraordinary gains - net
$23Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
2.82%Yield on earning assets
1.54%Cost of funding earning assets
1.28%Net interest margin
0.18%Noninterest income to earning assets
1.16%Noninterest expense to earning assets
0.07%Net operating income to assets
0.07%Return on assets (ROA)
0.10%Pretax return on assets
0.70%Return on equity (ROE)
0.70%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1350.00%Credit loss provision to net charge-offs
22.00%Efficiency ratio
63,084Assets per employee
3.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
651.61%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.16%Net loans and leases to deposits
78.35%Net loans and leases to core deposits
98.04%Equity capital to assets
15.20%Core capital (leverage) ratio
6.82%Tier 1 risk-based capital ratio
11.49%Total risk-based capital ratio
Memoranda
$13Average assets
$33,590Average earning assets
$3,284Average equity
$29,411Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.