Farmers State Bank in Carrington, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 16, 1993

Farmers State Bank in Carrington, North Dakota (ND)
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Farmers State Bank - Overview

General
FDIC Certificate #: 18881
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank Forward (#8941)
Federal Reserve ID: 752457
Date Established: August 05, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 12733
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 06, 1963
Last Structure Change Effective Date: Febuary 16, 1993
Last Structure Change Process Date: Febuary 23, 1993
Last Data Update: Febuary 23, 1993
Data Source Date: April 05, 2012
Location
Address: 484 Main Street, Carrington, ND 58421
County: Foster
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $29.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10Total assets
$29,481Cash and due from depository institutions
$2,755Interest-bearing balances
$1,478Securities
$9,335Federal funds sold & reverse repurchase agreements
$2,300Net loans & leases
$14,344Loan loss allowance
$231Trading account assets
$0Bank premises and fixed assets
$317Other real estate owned
$0Goodwill and other intangibles
$430Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,481Total liabilities
$27,338Total deposits
$27,039Interest-bearing deposits
$24,199Deposits held in domestic offices
27039.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$299Total equity capital
$299Total bank equity capital
$2,143Perpetual preferred stock
$0Common stock
$400Surplus
$800Undivided profits
Memoranda
$943Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$51Income earned, not collected on loans
$311Earning assets
$27,457Long-term assets (5+ years)
$5,348Average Assets, year-to-date
$27,952Average Assets, quarterly
$28,506Volatile liabilities
$2,929Insider loans
$30FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,010Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,143Total risk weighted assets
$17,376Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,338Total interest expense
$1,092Net interest income
$1,246Provision for loan and lease losses
-$169Total noninterest income
$79Fiduciary activities
$0Service charges on deposit accounts
$65Trading account gains & fees
$0Additional noninterest income
$14Total noninterest expense
$778Salaries and employee benefits
$460Premises and equipment expense
$44Additional noninterest expense
$274Pre-tax net operating income
$716Securities gains (losses)
$0Applicable income taxes
$223Income before extraordinary items
$493Extraordinary gains - net
$0Net income attributable to bank
$493Net charge-offs
-$22Cash dividends
$432Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.97%Cost of funding earning assets
4.19%Net interest margin
4.78%Noninterest income to earning assets
0.30%Noninterest expense to earning assets
2.99%Net operating income to assets
1.76%Return on assets (ROA)
1.76%Pretax return on assets
2.56%Return on equity (ROE)
22.96%Retained earnings to average equity (YTD only)
2.84%Net charge-offs to loans
-0.16%Credit loss provision to net charge-offs
768.18%Efficiency ratio
58,717Assets per employee
2.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.63%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
452.94%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.35%Net loans and leases to deposits
53.05%Net loans and leases to core deposits
59.49%Equity capital to assets
7.27%Core capital (leverage) ratio
7.42%Tier 1 risk-based capital ratio
12.33%Total risk-based capital ratio
Memoranda
$14Average assets
$27,952Average earning assets
$2,147Average equity
$26,058Average loans

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