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

This bank is inactive as of April 29, 1995

Farmers State Bank of Hope in Hope, Minnesota (MN)
Show street view No street view available for this location

Farmers State Bank of Hope - Overview

General
FDIC Certificate #: 9766
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Ellendale (#9763)
Federal Reserve ID: 86152
Date Established: July 01, 1915
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6251
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: January 01, 1934
Last Structure Change Effective Date: April 29, 1995
Last Structure Change Process Date: May 24, 1995
Last Data Update: May 24, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Hope, MN 56046
County: Steele
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): Owatonna, MN (#36940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $7.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$7,426Cash and due from depository institutions
$507Interest-bearing balances
$95Securities
$2,346Federal funds sold & reverse repurchase agreements
$384Net loans & leases
$4,041Loan loss allowance
$74Trading account assets
$0Bank premises and fixed assets
$20Other real estate owned
$40Goodwill and other intangibles
$88Life insurance assets
$0All other assets
$0Total liabilities and capital
$7,426Total liabilities
$6,631Total deposits
$6,591Interest-bearing deposits
$5,800Deposits held in domestic offices
6591.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$40Total equity capital
$40Total bank equity capital
$795Perpetual preferred stock
$0Common stock
$25Surplus
$225Undivided profits
Memoranda
$545Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$105Income earned, not collected on loans
$43Earning assets
$6,866Long-term assets (5+ years)
$19Average Assets, year-to-date
$7,405Average Assets, quarterly
$7,377Volatile liabilities
$100Insider loans
$1FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$333Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$793Total risk weighted assets
$3,767Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$532Total interest expense
$233Net interest income
$299Provision for loan and lease losses
$0Total noninterest income
$65Fiduciary activities
$0Service charges on deposit accounts
$54Trading account gains & fees
$0Additional noninterest income
$11Total noninterest expense
$303Salaries and employee benefits
$175Premises and equipment expense
$19Additional noninterest expense
$109Pre-tax net operating income
$61Securities gains (losses)
$0Applicable income taxes
$17Income before extraordinary items
$44Extraordinary gains - net
$0Net income attributable to bank
$44Net charge-offs
$6Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.67%Cost of funding earning assets
3.36%Net interest margin
4.31%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
4.37%Net operating income to assets
0.59%Return on assets (ROA)
0.59%Pretax return on assets
0.82%Return on equity (ROE)
5.69%Retained earnings to average equity (YTD only)
5.69%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
0.00%Efficiency ratio
83,242Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
70.48%Noncurrent assets plus other real estate owned to assets
1.95%Noncurrent loans to loans
2.55%Net loans and leases to deposits
61.31%Net loans and leases to core deposits
62.26%Equity capital to assets
10.71%Core capital (leverage) ratio
10.68%Tier 1 risk-based capital ratio
21.05%Total risk-based capital ratio
Memoranda
$22Average assets
$7,405Average earning assets
$773Average equity
$6,935Average loans

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 of Hope.
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.