FDIC Certificate #: 9295 Status: Active Federal Reserve ID: 749840 Bank Holding Company (Regulatory Top Holder): Jems, Inc. (RSSDID: 1201756, Location: Lake View, IA) Date Established: January 01, 1914 WWW:http://www.fsblv.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 #: 5950 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: 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: 401 Main Street, Lake View, IA 51450 County: Sac Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $30.3 mil Equity capital: $3.3 mil Deposits held in domestic offices: $26.9 mil Return on assets (ROA): 0.61% ($0.2 mil) Quarterly return on assets: 0.29% ($0.1 mil) Return on Equity (ROE): 5.38% ($0.2 mil) Quarterly return on equity: 2.65% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.87% ($263.3 mil) Quarterly Pretax return on assets: 0.58% ($175.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$30,266Total assets
$7,568Cash and due from depository institutions
$6,200Interest-bearing balances
$7,893Securities
$0Federal funds sold & reverse repurchase agreements
$14,317Net loans & leases
$375Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$95Other real estate owned
$0Goodwill and other intangibles
$30,266Life insurance assets
$393All other assets
$26,964Total liabilities and capital
$26,877Total liabilities
$23,317Total deposits
$26,877Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$87Subordinated debt
$3,302All other liabilities
$3,302Total equity capital
$3,302Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$800Surplus
$2,452Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$9Income earned, not collected on loans
$0Earning assets
$193Long-term assets (5+ years)
$28,410Average Assets, year-to-date
$438Average Assets, quarterly
$28,849Volatile liabilities
$29,903Insider loans
$13,368FHLB advances
$30,094Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,302Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$698Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,157Total interest income
$179Total interest expense
$978Net interest income
$110Provision for loan and lease losses
$49Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
-$15Additional noninterest income
$665Total noninterest expense
$434Salaries and employee benefits
$82Premises and equipment expense
$149Additional noninterest expense
$252Pre-tax net operating income
$0Securities gains (losses)
$77Applicable income taxes
$175Income before extraordinary items
$0Extraordinary gains - net
$175Net income attributable to bank
$0Net charge-offs
$175Cash dividends
$81Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.23%Yield on earning assets
0.65%Cost of funding earning assets
3.57%Net interest margin
0.18%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.87%Pretax return on assets
5.38%Return on equity (ROE)
3.84%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
135.80%Credit loss provision to net charge-offs
4.47%Efficiency ratio
64,752Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.57%Loss allowance to loans
2.55%Loss allowance to noncurrent loans
4166.67%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.06%Net loans and leases to deposits
53.27%Net loans and leases to core deposits
53.77%Equity capital to assets
10.91%Core capital (leverage) ratio
10.97%Tier 1 risk-based capital ratio
24.70%Total risk-based capital ratio
Memoranda
$26Average assets
$28,849Average earning assets
$3,254Average equity
$27,364Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5950
Farmers State Bank
401 Main Street, Lake View, IA 51450
January 01, 1914
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: