FDIC Certificate #: 25668 Status: Active Federal Reserve ID: 656247 Date Established: Febuary 26, 1926 WWW:http://www.frederikabank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 17569 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: October 09, 1984 Last Structure Change Effective Date: March 31, 2008 Last Structure Change Process Date: June 22, 2010 Last Data Update: June 22, 2010 Data Source Date: April 05, 2012
Location
Address: 103 3rd St, Frederika, IA 50631 County: Bremer 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 Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940) CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of Changes
Change in Location
Financial Summary
Total assets: $43.0 mil Equity capital: $6.6 mil Deposits held in domestic offices: $35.5 mil Return on assets (ROA): 0.53% ($0.2 mil) Quarterly return on assets: 0.15% ($0.1 mil) Return on Equity (ROE): 3.44% ($0.2 mil) Quarterly return on equity: 0.96% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.78% ($335.4 mil) Quarterly Pretax return on assets: -0.05% (-$21.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$43,005Total assets
$1,514Cash and due from depository institutions
$0Interest-bearing balances
$17,609Securities
$3,655Federal funds sold & reverse repurchase agreements
$18,671Net loans & leases
$334Loan loss allowance
$0Trading account assets
$50Bank premises and fixed assets
$17Other real estate owned
$0Goodwill and other intangibles
$43,005Life insurance assets
$1,489All other assets
$36,382Total liabilities and capital
$35,450Total liabilities
$27,635Total deposits
$35,450Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$268Trading liabilities
$0Other borrowed funds
$664Subordinated debt
$6,623All other liabilities
$6,623Total equity capital
$6,623Total bank equity capital
$0Perpetual preferred stock
$45Common stock
$1,205Surplus
$5,373Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$122Income earned, not collected on loans
$0Earning assets
$348Long-term assets (5+ years)
$39,935Average Assets, year-to-date
$1,771Average Assets, quarterly
$42,482Volatile liabilities
$43,305Insider loans
$26,585FHLB advances
$43,486Loans and leases held for sale
$812Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,547Tier 2 risk-based capital
$812Total risk weighted assets
$0Total unused commitments
$2,017Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,221Total interest income
$294Total interest expense
$927Net interest income
$5Provision for loan and lease losses
$110Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$699Total noninterest expense
$346Salaries and employee benefits
$37Premises and equipment expense
$316Additional noninterest expense
$333Pre-tax net operating income
$0Securities gains (losses)
$107Applicable income taxes
$226Income before extraordinary items
$0Extraordinary gains - net
$226Net income attributable to bank
$0Net charge-offs
$226Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$54Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.07%Yield on earning assets
0.74%Cost of funding earning assets
2.33%Net interest margin
0.28%Noninterest income to earning assets
1.76%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.78%Pretax return on assets
3.44%Return on equity (ROE)
2.62%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
-33.33%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,406Assets per employee
8.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.89%Loss allowance to loans
1.76%Loss allowance to noncurrent loans
273.77%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.64%Net loans and leases to deposits
52.67%Net loans and leases to core deposits
52.67%Equity capital to assets
15.40%Core capital (leverage) ratio
15.06%Tier 1 risk-based capital ratio
24.63%Total risk-based capital ratio
Memoranda
$26Average assets
$42,482Average earning assets
$6,574Average equity
$39,767Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
17569
Farmers Savings Bank
103 3rd St, Frederika, IA 50631
Febuary 26, 1926
Full Service Brick and Mortar
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