Farmers State Bank of Adams, Minnesota in city_name, state_name

Farmers State Bank of Adams, Minnesota in Adams, Minnesota (MN)
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Farmers State Bank of Adams, Minnesota routing number info

Farmers State Bank of Adams, Minnesota - Overview

General
FDIC Certificate #: 8821
Status: Active
Federal Reserve ID: 328656
Bank Holding Company (Regulatory Top Holder): Adams Bancshares, Inc. (RSSDID: 1126738, Location: Adams, MN)
Date Established: January 01, 1914
WWW: http://www.fsbadams.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 15672
FDIC's unique #: 5618
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: 15 4th Street Sw, Adams, MN 55909
County: Mower
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Austin, MN (#12380)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $82.9 mil
Equity capital: $8.8 mil
Deposits held in domestic offices: $67.2 mil
Return on assets (ROA): 2.29% ($1.9 mil)
Quarterly return on assets: 1.89% ($1.6 mil)
Return on Equity (ROE): 18.88% ($1.7 mil)
Quarterly return on equity: 16.24% ($1.5 mil)
Net income: $1.8 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 2.29% ($1,898.8 mil)
Quarterly Pretax return on assets: 1.89% ($1,567.2 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
14Total employees (full-time equivalent)
$82,918Total assets
$5,948Cash and due from depository institutions
$332Interest-bearing balances
$13,439Securities
$0Federal funds sold & reverse repurchase agreements
$60,007Net loans & leases
$970Loan loss allowance
$0Trading account assets
$290Bank premises and fixed assets
$210Other real estate owned
$0Goodwill and other intangibles
$82,918Life insurance assets
$3,024All other assets
$74,098Total liabilities and capital
$67,190Total liabilities
$56,588Total deposits
$67,190Interest-bearing deposits
$94Deposits held in domestic offices
367.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$541Subordinated debt
$8,820All other liabilities
$8,820Total equity capital
$8,820Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$3,700Surplus
$5,070Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$856Long-term assets (5+ years)
$73,778Average Assets, year-to-date
$10,308Average Assets, quarterly
$79,021Volatile liabilities
$81,793Insider loans
$64,142FHLB advances
$81,862Loans and leases held for sale
$1,429Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,249Tier 2 risk-based capital
$1,429Total risk weighted assets
$0Total unused commitments
$11,320Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,036Total interest income
$810Total interest expense
$3,226Net interest income
$135Provision for loan and lease losses
$335Total noninterest income
$0Fiduciary activities
$134Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$1,616Total noninterest expense
$1,146Salaries and employee benefits
$168Premises and equipment expense
$302Additional noninterest expense
$1,810Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$1,809Income before extraordinary items
$0Extraordinary gains - net
$1,809Net income attributable to bank
$0Net charge-offs
$1,809Cash dividends
$108Sale, conversion, retirement of capital stock, net
$2,719Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
1.15%Cost of funding earning assets
4.58%Net interest margin
0.48%Noninterest income to earning assets
2.30%Noninterest expense to earning assets
2.29%Net operating income to assets
2.29%Return on assets (ROA)
2.29%Pretax return on assets
18.88%Return on equity (ROE)
-9.50%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
125.00%Credit loss provision to net charge-offs
18.01%Efficiency ratio
45,381Assets per employee
5.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
150.30%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.00%Net loans and leases to deposits
89.31%Net loans and leases to core deposits
92.43%Equity capital to assets
10.64%Core capital (leverage) ratio
10.08%Tier 1 risk-based capital ratio
12.86%Total risk-based capital ratio
Memoranda
$14Average assets
$79,021Average earning assets
$9,581Average equity
$70,402Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	5618	Farmers State Bank Of Adams, Minnesota	15 4th Street Sw, Adams, MN 55909	January 01, 1914	Full Service Brick and Mortar
1	5239	Rose Creek Branch	61255 170th Street, Rose Creek, MN 55970	March 25, 1908	Full Service Brick and Mortar

Farmers State Bank of Adams, Minnesota in Adams, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Adams, Minnesota - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Farmers State Bank of Adams, Minnesota in Adams, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Adams, Minnesota - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Farmers State Bank of Adams, Minnesota in Adams, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches