FDIC Certificate #: 16717 Status: Active Federal Reserve ID: 792248 Bank Holding Company (Regulatory Top Holder): Kennedy Bancshares, Inc. (RSSDID: 1205017, Location: Bancroft, IA) Date Established: January 01, 1887 WWW:http://www.ftsbbancroft.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15545 FDIC's unique #: 10839 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: July 01, 1948 Last Structure Change Effective Date: July 28, 2009 Last Structure Change Process Date: July 28, 2009 Last Data Update: July 28, 2009 Data Source Date: April 05, 2012
Location
Address: 108 West Ramsey, Bancroft, IA 50517 County: Kossuth Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Name Change
Financial Summary
Total assets: $53.7 mil Equity capital: $5.4 mil Deposits held in domestic offices: $40.2 mil Return on assets (ROA): 0.79% ($0.4 mil) Quarterly return on assets: 0.76% ($0.4 mil) Return on Equity (ROE): 8.27% ($0.4 mil) Quarterly return on equity: 7.58% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.83% ($445.7 mil) Quarterly Pretax return on assets: 0.71% ($381.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$53,704Total assets
$1,247Cash and due from depository institutions
$97Interest-bearing balances
$18,147Securities
$0Federal funds sold & reverse repurchase agreements
$32,741Net loans & leases
$665Loan loss allowance
$0Trading account assets
$724Bank premises and fixed assets
$18Other real estate owned
$0Goodwill and other intangibles
$53,704Life insurance assets
$827All other assets
$48,258Total liabilities and capital
$40,193Total liabilities
$34,051Total deposits
$40,193Interest-bearing deposits
$82Deposits held in domestic offices
4469.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,387Trading liabilities
$0Other borrowed funds
$209Subordinated debt
$5,446All other liabilities
$5,446Total equity capital
$5,446Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$1,800Surplus
$3,446Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$0Earning assets
$491Long-term assets (5+ years)
$50,985Average Assets, year-to-date
$9,697Average Assets, quarterly
$54,234Volatile liabilities
$54,382Insider loans
$34,252FHLB advances
$54,725Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,045Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,796Restructured Loans and leases
$281Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,203Total interest income
$560Total interest expense
$1,643Net interest income
$110Provision for loan and lease losses
$156Total noninterest income
$8Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,241Total noninterest expense
$769Salaries and employee benefits
$128Premises and equipment expense
$344Additional noninterest expense
$448Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$431Income before extraordinary items
$0Extraordinary gains - net
$431Net income attributable to bank
$0Net charge-offs
$431Cash dividends
$107Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.28%Yield on earning assets
1.09%Cost of funding earning assets
3.20%Net interest margin
0.30%Noninterest income to earning assets
2.41%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
0.83%Pretax return on assets
8.27%Return on equity (ROE)
2.51%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
102.80%Credit loss provision to net charge-offs
5.21%Efficiency ratio
68,983Assets per employee
4.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.61%Loss allowance to loans
1.99%Loss allowance to noncurrent loans
22166.67%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.01%Net loans and leases to deposits
81.46%Net loans and leases to core deposits
83.33%Equity capital to assets
10.14%Core capital (leverage) ratio
9.22%Tier 1 risk-based capital ratio
14.73%Total risk-based capital ratio
Memoranda
$16Average assets
$54,234Average earning assets
$5,211Average equity
$51,415Average 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
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers & Traders Savings 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: