FDIC Certificate #: 6156 Status: Active Federal Reserve ID: 694771 Date Established: January 01, 1916 WWW:http://www.farmersstatebankwa.com 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 #: 4152 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion 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: Riverside Ave, Winthrop, WA 98862 County: Okanogan Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Seattle Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $24.8 mil Equity capital: $3.4 mil Deposits held in domestic offices: $21.4 mil Return on assets (ROA): 0.24% ($0.1 mil) Quarterly return on assets: 0.07% ($0.0 mil) Return on Equity (ROE): 1.62% ($0.0 mil) Quarterly return on equity: 0.47% ($0.0 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.29% ($71.9 mil) Quarterly Pretax return on assets: 0.05% ($12.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$24,792Total assets
$8,734Cash and due from depository institutions
$3,727Interest-bearing balances
$10,616Securities
$0Federal funds sold & reverse repurchase agreements
$4,993Net loans & leases
$146Loan loss allowance
$0Trading account assets
$214Bank premises and fixed assets
$73Other real estate owned
$0Goodwill and other intangibles
$24,792Life insurance assets
$162All other assets
$21,427Total liabilities and capital
$21,362Total liabilities
$8,715Total deposits
$21,362Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$65Subordinated debt
$3,365All other liabilities
$3,365Total equity capital
$3,365Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$725Surplus
$2,615Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$43Income earned, not collected on loans
$0Earning assets
$120Long-term assets (5+ years)
$19,336Average Assets, year-to-date
$3,315Average Assets, quarterly
$22,224Volatile liabilities
$24,089Insider loans
$5,009FHLB advances
$23,748Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,206Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$748Restructured Loans and leases
$403Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$704Total interest income
$26Total interest expense
$678Net interest income
$20Provision for loan and lease losses
$93Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$698Total noninterest expense
$379Salaries and employee benefits
$55Premises and equipment expense
$264Additional noninterest expense
$53Pre-tax net operating income
$12Securities gains (losses)
$11Applicable income taxes
$54Income before extraordinary items
$0Extraordinary gains - net
$54Net income attributable to bank
$0Net charge-offs
$54Cash dividends
$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.86%Yield on earning assets
0.14%Cost of funding earning assets
3.72%Net interest margin
0.51%Noninterest income to earning assets
3.83%Noninterest expense to earning assets
0.20%Net operating income to assets
0.24%Return on assets (ROA)
0.29%Pretax return on assets
1.62%Return on equity (ROE)
1.62%Retained earnings to average equity (YTD only)
0.63%Net charge-offs to loans
58.82%Credit loss provision to net charge-offs
2.15%Efficiency ratio
90,532Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.84%Loss allowance to noncurrent loans
339.53%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.84%Net loans and leases to deposits
23.37%Net loans and leases to core deposits
23.37%Equity capital to assets
13.57%Core capital (leverage) ratio
13.50%Tier 1 risk-based capital ratio
64.00%Total risk-based capital ratio
Memoranda
$65Average assets
$22,224Average earning assets
$3,326Average equity
$18,222Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
4152
Farmers State Bank, Winthrop, Wash.
Riverside Ave, Winthrop, WA 98862
January 01, 1916
Full Service Brick and Mortar
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