Farmers State Bank in Waterloo, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers State Bank in Waterloo, Iowa (IA)
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Farmers State Bank routing number info

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 12855
    Status: Active
    Federal Reserve ID: 840747
    Bank Holding Company (Regulatory Top Holder): Fsb Financial Services, Inc (RSSDID: 1204832, Location: Waterloo, IA)
    Date Established: June 25, 1903
    WWW: http://www.fsb1879.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10512
    FDIC's unique #: 8137
    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: 1009 People Square, Waterloo, IA 50702
    County: Black Hawk
    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
    Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $374.6 mil
    Equity capital: $30.4 mil
    Deposits held in domestic offices: $328.5 mil
    Return on assets (ROA): 1.51% ($5.7 mil)
    Quarterly return on assets: 1.65% ($6.2 mil)
    Return on Equity (ROE): 19.67% ($5.9 mil)
    Quarterly return on equity: 20.56% ($6.2 mil)
    Net income: $5.2 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.58% ($5,919.3 mil)
    Quarterly Pretax return on assets: 1.69% ($6,331.4 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
  • 68Total employees (full-time equivalent)
  • $374,642Total assets
  • $10,782Cash and due from depository institutions
  • $4,702Interest-bearing balances
  • $67,711Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $278,682Net loans & leases
  • $3,401Loan loss allowance
  • $0Trading account assets
  • $7,790Bank premises and fixed assets
  • $1,290Other real estate owned
  • $0Goodwill and other intangibles
  • $374,642Life insurance assets
  • $8,387All other assets
  • $344,291Total liabilities and capital
  • $328,521Total liabilities
  • $288,571Total deposits
  • $328,521Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 4100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $2,670Subordinated debt
  • $30,351All other liabilities
  • $30,351Total equity capital
  • $30,351Total bank equity capital
  • $0Perpetual preferred stock
  • $448Common stock
  • $7,052Surplus
  • $22,851Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $78Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $533Income earned, not collected on loans
  • $0Earning assets
  • $3,186Long-term assets (5+ years)
  • $351,095Average Assets, year-to-date
  • $111,529Average Assets, quarterly
  • $345,377Volatile liabilities
  • $370,287Insider loans
  • $293,599FHLB advances
  • $362,853Loans and leases held for sale
  • $1,152Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,755Tier 2 risk-based capital
  • $1,152Total risk weighted assets
  • $0Total unused commitments
  • $69,020Restructured Loans and leases
  • $2,699Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,188Total interest income
  • $3,862Total interest expense
  • $14,326Net interest income
  • $1,295Provision for loan and lease losses
  • $985Total noninterest income
  • $34Fiduciary activities
  • $291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $660Additional noninterest income
  • $8,553Total noninterest expense
  • $5,442Salaries and employee benefits
  • $665Premises and equipment expense
  • $2,446Additional noninterest expense
  • $5,463Pre-tax net operating income
  • $0Securities gains (losses)
  • $260Applicable income taxes
  • $5,203Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,203Net income attributable to bank
  • $0Net charge-offs
  • $5,203Cash dividends
  • $609Sale, conversion, retirement of capital stock, net
  • $1,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 19.67%Return on equity (ROE)
  • 13.81%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 212.64%Credit loss provision to net charge-offs
  • 11.10%Efficiency ratio
  • 55,862Assets per employee
  • 5.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.79%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 638.09%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 84.83%Net loans and leases to core deposits
  • 95.11%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 7.37%Tier 1 risk-based capital ratio
  • 9.11%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $345,377Average earning assets
  • $26,448Average equity
  • $322,680Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,835Managed Assets
  • 1Number of Accounts
  • $5,208Personal trust and agency accounts
  • $5,208Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 13Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $627Other retirement accounts
  • $481Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $59Fiduciary accounts held in foreign offices

List of branches

  • 7 Iowa Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    08137Farmers State Bank1009 People Square, Waterloo, IA 50702June 25, 1903Full Service Brick and Mortar
    1228051Jesup Branch1310 6th Street, Jesup, IA 50648June 21, 1976Full Service Brick and Mortar
    4357253Dunkerton Branch905 Jon Road, Dunkerton, IA 50626January 01, 1999Full Service Brick and Mortar
    5358807Raymond Branch300 South 3rd Street, Raymond, IA 50667December 11, 2000Full Service Brick and Mortar
    6476616Cedar Falls Branch1710 1st Street, Suite A, Cedar Falls, IA 50613September 25, 2007Full Service Brick and Mortar
    7492957Farmers State Bank, Gilbertville1306 5th Street, Gilbertville, IA 50634July 06, 2009Full Service Brick and Mortar
    8517699Farmers State Bank224 West 6th Street, Waterloo, IA 50701March 01, 2011Full Service Brick and Mortar

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