Vitals
  • Total Assets
    89.5M 6.2 %
  • Total Deposits
    76.0M 6.5 %
  • Total Net Loans
    72.6M 3.5 %
  • Net Income
    1.2M 15.1 %
  • Book Value
    9.9M 6.0 %
  • Book Value x2
    19.8M 6.0 %
  • Book Value x3
    29.7M 6.0 %
ROAA

1.387

ROAE

12.358

Efficiency Ratio

66.422

Net Interest Margin

4.253

Balance Sheet Highlights
Financial Highlights Farmers State Bank All Insured Commercial Banks in South Dakota
Balance Sheet $(000)
Total Assets 89,504 288,102
Total Net Loans 72,572 198,161
Total Deposits 75,963 243,793
Total Equity 9,903 35,439
Profitability
Net Income 1,196 3,749
Return on Average Assets 1.387 1.217
Return on Average Equity 12.358 10.279
Net Interest Margin 4.253 3.975
Efficiency Ratio 66.422 60.916
Noninterest Income/Revenue 6.554 21.874
Balance Sheet Ratios
Loan-to-Deposit 95.536 76.007
Securities/Assets .011 .161
Total Equity/Total Assets .111 .123
Tangible Equity/Tangible Assets .092 .119
Capital Adequacy
Tier 1 Common Capital 8,242 34,164
Tier 1 Capital 8,242 34,343
Tier 2 Capital 909 2,558
Total Capital 9,151 36,899
Total Risk Weighted Assets 72,738 225,553
Leverage Ratio 9.19 11.18
Common Equity Tier 1 Capital Ratio 11.33 15.765
Tier 1 Capital Ratio 11.33 15.791
Total Capital Ratio 12.58 16.885

Timeline for Farmers State Bank

First State Associates, Inc.

First State Associates, Inc. became a new parent organization for Farmers State Bank.

View Profile Jan 01 2011

Millennium Mortgage Company

Millennium Mortgage Company became a new subsidiary organization for Farmers State Bank.

View Profile Jul 01 1999

First State Bank

Acquisition: Farmers State Bank acquired a new subsidiary, First State Bank, 27 years

View Profile Jul 01 1997

Farmers State Holding Company

Farmers State Holding Company became a new parent organization for Farmers State Bank.

View Profile Mar 31 1988

Farmers State Bank

Farmers State Bank was established 120 years ago and is currently headquartered in Marion, SD.

Jan 01 1904
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First State Bank Seller 11,964 Pooling of Interests Discontinued 7/1/1997
Relationships Role Relationship Start Relationship End
First State Associates, Inc. Parent 1/1/2011
Farmers State Holding Company Parent 6/29/2004 12/31/2010
Farmers State Holding Company Parent 10/12/1988 6/28/2004
Farmers State Holding Company Parent 3/31/1988 10/11/1988
Millennium Mortgage Company Subsidary 7/1/1999 12/31/2002
Similar Organizations
Organization City State Total Assets
Western Heritage Bank
 		Las Cruces NM 88.5M
Union State Bank
 		Winterset IA 88.0M
Gunnison Valley Bank
 		Gunnison UT 87.8M
The Farmers Bank
 		Greensboro GA 88.9M
Century Bank
 		Shenandoah IA 89.2M
State Bank Of Richmond
 		Richmond MN 89.4M
Heritage Community Bank
 		Greeneville TN 89.6M
State Bank Of Missouri
 		Concordia MO 86.9M
Citizens Bank & Trust
 		Rock Port MO 90.2M
Farmers Trust & Savings Bank
 		Earling IA 86.1M