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Overview / Commentary
620-767-5138
201 West Main Street
Council Grove, KS 66846

Farmers and Drovers Bank is headquartered in Council Grove and is the 70th largest bank in the state of Kansas. It is also the 3,098th largest bank in the nation. It was established in 1882 and as of June of 2014, it had grown to 25 employees at 3 locations. Farmers and Drovers Bank has a A health rating.

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Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Farmers and Drovers Bank had $560,000 in non-current loans and owned real-estate with $47.2 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Drovers Bank a Texas Ratio of 1.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Farmers and Drovers Bank experienced no significant changes from 0.72% as of June 30, 2013 to 1.19% as of June 30, 2014, resulting in a negative change of 64.64%. This indicates that the balance sheet and financial strength for Farmers and Drovers Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Farmers and Drovers Bank has decreased its total deposits by -$1.36 million, resulting in -0.97% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers and Drovers Bank has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers and Drovers Bank has $194.73 million in assets with $47.2 million in equity, resulting in a capitalization level of 24.24%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #12602
Year Established1882
Employees25
Primary RegulatorFDIC
Assets and Liabilities
Assets$194.73 million
Loans$72.00 million
Deposits$139.08 million
Equity Capital$45.33 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$516,000
Real Estate Owned$44,000
Historic Data - June 2013
Assets$194.35 million
Equity Capital$43.56 million
Loan Loss Allowance$1.82 million
Unbacked Noncurrent Loans$516,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.34%
Return on Equity5.94%
Interest Income$3.24 million
Rates

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Locations


Farmers and Drovers Bank Locations
West Main Branch123 West MainCouncil Grove, KS 66846
Farmers and Drovers Bank201 West Main StreetCouncil Grove, KS 66846
Drive-In Facility426 East Main StreetCouncil Grove, KS 66846