Farmers Savings Bank & Trust-Vinton in Vinton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 12, 2008

Farmers Savings Bank & Trust-Vinton in Vinton, Iowa (IA)
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Farmers Savings Bank & Trust-Vinton - Overview

General
FDIC Certificate #: 15895
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers Savings Bank & Trust (#10122)
Federal Reserve ID: 197740
Date Established: June 06, 1942
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10127
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: June 06, 1942
Last Structure Change Effective Date: May 12, 2008
Last Structure Change Process Date: May 23, 2008
Last Data Update: May 23, 2008
Data Source Date: April 05, 2012
Location
Address: 401 B Avenue, Vinton, IA 52349
County: Benton
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): Cedar Rapids, IA (#16300)
CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
Financial Summary
Total assets: $74.2 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, 2007)

Dollar figures in thousands
15Total employees (full-time equivalent)
$65,420Total assets
$2,522Cash and due from depository institutions
$0Interest-bearing balances
$19,449Securities
$245Federal funds sold & reverse repurchase agreements
$40,365Net loans & leases
$264Loan loss allowance
$0Trading account assets
$583Bank premises and fixed assets
$424Other real estate owned
$0Goodwill and other intangibles
$1,256Life insurance assets
$1,832All other assets
$65,420Total liabilities and capital
$60,713Total liabilities
$59,810Total deposits
$51,475Interest-bearing deposits
$59,810Deposits held in domestic offices
0.00%% insured (estimated)
$556Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$347All other liabilities
$4,707Total equity capital
$4,707Total bank equity capital
$4,707Perpetual preferred stock
$0Common stock
$500Surplus
$1,250Undivided profits
Memoranda
$2,957Noncurrent loans and leases
$7,735Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9Earning assets
$0Long-term assets (5+ years)
$449Average Assets, year-to-date
$60,059Average Assets, quarterly
$30,084Volatile liabilities
$66,191Insider loans
$66,729FHLB advances
$9,080Loans and leases held for sale
$1,123Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,735Total unused commitments
$0Restructured Loans and leases
$264Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$3,737Total interest income
$1,892Total interest expense
$1,845Net interest income
$27Provision for loan and lease losses
$411Total noninterest income
$10Fiduciary activities
$225Service charges on deposit accounts
$0Trading account gains & fees
$176Additional noninterest income
$1,634Total noninterest expense
$866Salaries and employee benefits
$132Premises and equipment expense
$636Additional noninterest expense
$595Pre-tax net operating income
$0Securities gains (losses)
$28Applicable income taxes
$567Income before extraordinary items
$0Extraordinary gains - net
$567Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$13Sale, conversion, retirement of capital stock, net
$515Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.07%Yield on earning assets
3.07%Cost of funding earning assets
3.00%Net interest margin
0.67%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
0.90%Pretax return on assets
13.03%Return on equity (ROE)
1.19%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-207.69%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,429Assets per employee
4.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
90.83%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
2933.33%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.02%Net loans and leases to deposits
67.49%Net loans and leases to core deposits
78.71%Equity capital to assets
7.20%Core capital (leverage) ratio
6.68%Tier 1 risk-based capital ratio
11.57%Total risk-based capital ratio
Memoranda
$12Average assets
$66,191Average earning assets
$4,353Average equity
$61,531Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$2,505Managed Assets
1Number of Accounts
$1,960Personal trust and agency accounts
$1,874Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$86Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
96Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$545Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$545Fiduciary accounts held in foreign offices

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