FDIC Certificate #: 12858 Status: Active Federal Reserve ID: 543945 Bank Holding Company (Regulatory Top Holder): Easter Enterprises, Inc. (RSSDID: 1200777, Location: Spencer, IA) Date Established: April 07, 1916 WWW:http://www.farmerstrust.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15429 FDIC's unique #: 8139 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: 125 West 4th Street, Spencer, IA 51301 County: Clay 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 Core Based Statistical Area (CBSA): Spencer, IA (#43980) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $307.8 mil Equity capital: $28.1 mil Deposits held in domestic offices: $259.4 mil Return on assets (ROA): 1.35% ($4.2 mil) Quarterly return on assets: 1.21% ($3.7 mil) Return on Equity (ROE): 15.39% ($4.3 mil) Quarterly return on equity: 13.35% ($3.7 mil) Net income: $4.0 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.42% ($4,370.1 mil) Quarterly Pretax return on assets: 1.28% ($3,939.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
39Total employees (full-time equivalent)
$307,757Total assets
$12,350Cash and due from depository institutions
$11,101Interest-bearing balances
$121,647Securities
$0Federal funds sold & reverse repurchase agreements
$166,753Net loans & leases
$5,000Loan loss allowance
$0Trading account assets
$550Bank premises and fixed assets
$2,158Other real estate owned
$0Goodwill and other intangibles
$307,757Life insurance assets
$4,299All other assets
$279,637Total liabilities and capital
$259,376Total liabilities
$239,630Total deposits
$259,376Interest-bearing deposits
$65Deposits held in domestic offices
13039.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,200Trading liabilities
$0Other borrowed funds
$1,022Subordinated debt
$28,120All other liabilities
$28,120Total equity capital
$28,120Total bank equity capital
$0Perpetual preferred stock
$1,235Common stock
$3,515Surplus
$23,370Undivided profits
Memoranda
$0Noncurrent loans and leases
$495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,143Income earned, not collected on loans
$0Earning assets
$2,316Long-term assets (5+ years)
$299,501Average Assets, year-to-date
$97,281Average Assets, quarterly
$299,643Volatile liabilities
$309,158Insider loans
$180,110FHLB advances
$305,704Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$25,432Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$32,057Restructured Loans and leases
$1,287Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$12,819Total interest income
$2,486Total interest expense
$10,333Net interest income
$1,371Provision for loan and lease losses
$973Total noninterest income
$0Fiduciary activities
$228Service charges on deposit accounts
$0Trading account gains & fees
$745Additional noninterest income
$5,689Total noninterest expense
$3,142Salaries and employee benefits
$524Premises and equipment expense
$2,023Additional noninterest expense
$4,246Pre-tax net operating income
$18Securities gains (losses)
$215Applicable income taxes
$4,049Income before extraordinary items
$0Extraordinary gains - net
$4,049Net income attributable to bank
$0Net charge-offs
$4,049Cash dividends
$1,227Sale, conversion, retirement of capital stock, net
$1,576Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.40%Yield on earning assets
0.85%Cost of funding earning assets
3.54%Net interest margin
0.33%Noninterest income to earning assets
1.95%Noninterest expense to earning assets
1.35%Net operating income to assets
1.35%Return on assets (ROA)
1.42%Pretax return on assets
15.39%Return on equity (ROE)
9.40%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
111.74%Credit loss provision to net charge-offs
4.58%Efficiency ratio
50,318Assets per employee
7.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.92%Loss allowance to loans
2.91%Loss allowance to noncurrent loans
97.22%Noncurrent assets plus other real estate owned to assets
2.37%Noncurrent loans to loans
2.99%Net loans and leases to deposits
64.29%Net loans and leases to core deposits
68.88%Equity capital to assets
9.14%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
14.12%Total risk-based capital ratio
Memoranda
$15Average assets
$299,643Average earning assets
$26,311Average equity
$291,624Average loans
Total Fiduciary and Related Assets (December 31, 2004)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$330Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
65Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$330Other retirement accounts
$330Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8139
Farmers Trust And Savings Bank
125 West 4th Street, Spencer, IA 51301
April 07, 1916
Full Service Brick and Mortar
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