FDIC Certificate #: 12293 Status: Active Federal Reserve ID: 407850 Bank Holding Company (Regulatory Top Holder): H2h Bancshares, Inc. (RSSDID: 3068636, Location: Hosmer, SD) Date Established: October 18, 1919 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 7814 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 102 W Main St, Hosmer, SD 57448 County: Edmunds 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): Aberdeen, SD (#10100) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $17.9 mil Equity capital: $2.6 mil Deposits held in domestic offices: $12.9 mil Return on assets (ROA): 2.34% ($0.4 mil) Quarterly return on assets: 2.48% ($0.4 mil) Return on Equity (ROE): 15.78% ($0.5 mil) Quarterly return on equity: 16.57% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.43% ($436.0 mil) Quarterly Pretax return on assets: 2.60% ($466.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$17,941Total assets
$1,262Cash and due from depository institutions
$0Interest-bearing balances
$1,122Securities
$0Federal funds sold & reverse repurchase agreements
$14,930Net loans & leases
$367Loan loss allowance
$0Trading account assets
$106Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$17,941Life insurance assets
$521All other assets
$15,364Total liabilities and capital
$12,943Total liabilities
$10,506Total deposits
$12,943Interest-bearing deposits
$97Deposits held in domestic offices
400.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$21Subordinated debt
$2,577All other liabilities
$2,577Total equity capital
$2,577Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$2,250Surplus
$277Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$91Income earned, not collected on loans
$0Earning assets
$269Long-term assets (5+ years)
$16,052Average Assets, year-to-date
$1,722Average Assets, quarterly
$17,326Volatile liabilities
$17,416Insider loans
$16,810FHLB advances
$17,512Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,577Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$867Restructured Loans and leases
$999Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,024Total interest income
$136Total interest expense
$888Net interest income
$1Provision for loan and lease losses
$107Total noninterest income
$0Fiduciary activities
$102Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$573Total noninterest expense
$378Salaries and employee benefits
$38Premises and equipment expense
$157Additional noninterest expense
$421Pre-tax net operating income
$0Securities gains (losses)
$16Applicable income taxes
$405Income before extraordinary items
$0Extraordinary gains - net
$405Net income attributable to bank
$0Net charge-offs
$405Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$380Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.75%Yield on earning assets
0.90%Cost of funding earning assets
5.85%Net interest margin
0.70%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
2.34%Net operating income to assets
2.34%Return on assets (ROA)
2.43%Pretax return on assets
15.78%Return on equity (ROE)
0.97%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-6.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,588Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.83%Loss allowance to loans
2.40%Loss allowance to noncurrent loans
403.30%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.59%Net loans and leases to deposits
115.35%Net loans and leases to core deposits
122.28%Equity capital to assets
14.36%Core capital (leverage) ratio
14.72%Tier 1 risk-based capital ratio
15.33%Total risk-based capital ratio
Memoranda
$17Average assets
$17,326Average earning assets
$2,566Average equity
$15,181Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7814
Farmers State Bank
102 W Main St, Hosmer, SD 57448
October 18, 1919
Full Service Brick and Mortar
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 State 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.
Comment about this bank, ask questions, or add new information about it: