FDIC Certificate #: 1123 Status: Active Federal Reserve ID: 287650 Bank Holding Company (Regulatory Top Holder): Faith Bank Holding Company (RSSDID: 1142046, Location: Faith, SD) Date Established: April 06, 1910 WWW:http://www.fsbfaith.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 765 Numeric code: 13 Regulator: FED 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 03, 2008 Last Structure Change Process Date: December 10, 2008 Last Data Update: December 10, 2008 Data Source Date: April 05, 2012
Location
Address: 127 Main Street, Faith, SD 57626 County: Meade Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Rapid City, SD (#39660) CBSA Metro Statistical Area: Rapid City, SD (#39660)
History of Changes
Change in Location
Financial Summary
Total assets: $44.8 mil Equity capital: $4.4 mil Deposits held in domestic offices: $40.2 mil Return on assets (ROA): 0.97% ($0.4 mil) Quarterly return on assets: 0.99% ($0.4 mil) Return on Equity (ROE): 10.08% ($0.4 mil) Quarterly return on equity: 9.87% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.00% ($447.8 mil) Quarterly Pretax return on assets: 1.00% ($447.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$44,782Total assets
$6,110Cash and due from depository institutions
$3,314Interest-bearing balances
$12,247Securities
$1,108Federal funds sold & reverse repurchase agreements
$23,201Net loans & leases
$640Loan loss allowance
$0Trading account assets
$519Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$44,782Life insurance assets
$1,597All other assets
$40,416Total liabilities and capital
$40,232Total liabilities
$34,948Total deposits
$40,232Interest-bearing deposits
$79Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$184Subordinated debt
$4,366All other liabilities
$4,366Total equity capital
$4,366Total bank equity capital
$0Perpetual preferred stock
$280Common stock
$2,100Surplus
$1,986Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$128Income earned, not collected on loans
$0Earning assets
$400Long-term assets (5+ years)
$39,870Average Assets, year-to-date
$11,893Average Assets, quarterly
$42,105Volatile liabilities
$43,208Insider loans
$28,545FHLB advances
$44,090Loans and leases held for sale
$824Unused loan commitments
$824Tier 1 (core) risk-based capital
$4,177Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,249Restructured Loans and leases
$468Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,088Total interest income
$409Total interest expense
$1,679Net interest income
$40Provision for loan and lease losses
$151Total noninterest income
$0Fiduciary activities
$87Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$1,369Total noninterest expense
$789Salaries and employee benefits
$78Premises and equipment expense
$502Additional noninterest expense
$421Pre-tax net operating income
$0Securities gains (losses)
$13Applicable income taxes
$408Income before extraordinary items
$0Extraordinary gains - net
$408Net income attributable to bank
$0Net charge-offs
$408Cash dividends
$61Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.62%Yield on earning assets
1.10%Cost of funding earning assets
4.52%Net interest margin
0.41%Noninterest income to earning assets
3.68%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.00%Pretax return on assets
10.08%Return on equity (ROE)
10.08%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
65.57%Credit loss provision to net charge-offs
7.56%Efficiency ratio
74,809Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
500.00%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.54%Net loans and leases to deposits
57.67%Net loans and leases to core deposits
66.21%Equity capital to assets
9.75%Core capital (leverage) ratio
9.47%Tier 1 risk-based capital ratio
14.63%Total risk-based capital ratio
Memoranda
$16Average assets
$42,105Average earning assets
$4,047Average equity
$37,180Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
765
Farmers State Bank
127 Main Street, Faith, SD 57626
April 06, 1910
Full Service Brick and Mortar
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