Farmers State Bank in Mentone, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers State Bank in Mentone, Indiana (IN)
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Farmers State Bank routing number info

Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 9290
    Status: Active
    Federal Reserve ID: 348748
    Bank Holding Company (Regulatory Top Holder): Kosciusko Financial, Inc. (RSSDID: 1207598, Location: Mentone, IN)
    Date Established: January 01, 1892
    WWW: http://www.fsbanking.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11972
    FDIC's unique #: 5945
    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: No
    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 East Main Street, Mentone, IN 46539
    County: Kosciusko
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Warsaw, IN (#47700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $119.9 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $87.3 mil
    Return on assets (ROA): 0.79% ($0.9 mil)
    Quarterly return on assets: 0.91% ($1.1 mil)
    Return on Equity (ROE): 7.77% ($0.9 mil)
    Quarterly return on equity: 8.87% ($1.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.05% ($1,259.4 mil)
    Quarterly Pretax return on assets: 1.25% ($1,499.3 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
  • 37Total employees (full-time equivalent)
  • $119,946Total assets
  • $3,102Cash and due from depository institutions
  • $100Interest-bearing balances
  • $25,287Securities
  • $75Federal funds sold & reverse repurchase agreements
  • $85,215Net loans & leases
  • $1,570Loan loss allowance
  • $0Trading account assets
  • $1,172Bank premises and fixed assets
  • $174Other real estate owned
  • $38Goodwill and other intangibles
  • $119,946Life insurance assets
  • $4,883All other assets
  • $107,702Total liabilities and capital
  • $87,274Total liabilities
  • $69,651Total deposits
  • $87,274Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1759.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,902Trading liabilities
  • $0Other borrowed funds
  • $767Subordinated debt
  • $12,244All other liabilities
  • $12,244Total equity capital
  • $12,244Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,000Surplus
  • $10,044Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,247Income earned, not collected on loans
  • $0Earning assets
  • $801Long-term assets (5+ years)
  • $110,677Average Assets, year-to-date
  • $40,658Average Assets, quarterly
  • $115,577Volatile liabilities
  • $118,070Insider loans
  • $82,945FHLB advances
  • $118,790Loans and leases held for sale
  • $2,417Unused loan commitments
  • $1,198Tier 1 (core) risk-based capital
  • $11,770Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,219Total unused commitments
  • $15,895Restructured Loans and leases
  • $3,668Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,438Total interest income
  • $1,084Total interest expense
  • $4,354Net interest income
  • $380Provision for loan and lease losses
  • $777Total noninterest income
  • $207Fiduciary activities
  • $221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $349Additional noninterest income
  • $3,638Total noninterest expense
  • $2,023Salaries and employee benefits
  • $347Premises and equipment expense
  • $1,268Additional noninterest expense
  • $1,113Pre-tax net operating income
  • $95Securities gains (losses)
  • $300Applicable income taxes
  • $908Income before extraordinary items
  • $0Extraordinary gains - net
  • $908Net income attributable to bank
  • $0Net charge-offs
  • $908Cash dividends
  • $187Sale, conversion, retirement of capital stock, net
  • $244Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 7.77%Return on equity (ROE)
  • 5.68%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 203.21%Credit loss provision to net charge-offs
  • 7.98%Efficiency ratio
  • 70,902Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.87%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 125.90%Noncurrent assets plus other real estate owned to assets
  • 1.18%Noncurrent loans to loans
  • 1.44%Net loans and leases to deposits
  • 97.64%Net loans and leases to core deposits
  • 102.04%Equity capital to assets
  • 10.21%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 14.19%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $115,577Average earning assets
  • $11,688Average equity
  • $106,033Average 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
  • $47,842Managed Assets
  • 1Number of Accounts
  • $36,149Personal trust and agency accounts
  • $30,352Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,535Corporate trust and agency accounts
  • $16Investment management agency accounts
  • $0Other fiduciary accounts
  • $1,220Fiduciary accounts held in foreign offices
  • $26Non-managed Assets
  • 152Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,693Other retirement accounts
  • $374Corporate trust and agency accounts
  • $1,224Other fiduciary accounts
  • $5,170Fiduciary accounts held in foreign offices

List of branches

  • 5 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    05945Farmers State Bank102 East Main Street, Mentone, IN 46539January 01, 1892Full Service Brick and Mortar
    1219839Warsaw Branch433 Anchorage Rd, Warsaw, IN 46580November 02, 1978Full Service Brick and Mortar
    3219841East Center Street Branch2102 East Center Street, Warsaw, IN 46580November 02, 1984Full Service Brick and Mortar
    4219842Leesburg Branch205 Main Street, Leesburg, IN 46538October 30, 1989Full Service Brick and Mortar
    5219843Syracuse Branch411 South Huntington Street, Syracuse, IN 46567August 01, 1995Full Service Brick and Mortar

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