Farmers State Bank (9935)

Farmers State Bank (9935) is headquartered in Marion and is the 44^th largest bank in the state of South Dakota. It is also the 5,709^th largest bank in the nation. It was established in 1904 and as of March of 2012, it had grown to 20 employees at 3 locations. Farmers State Bank (9935)'s savings rates are 2X the national average, and it boasts a 5-star health rating.

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Data for Q1 2012

Institution Statistics Farmers State Bank FDIC Certificate # 9935 BankRate Report View Year Established 1904 Employees 20 Primary Regulator FDIC Assets and Liabilities Assets $72.26 million Loans $53.11 million Deposits $60.82 million Equity Capital $7.26 million Loan Loss Allowance $335,000 Real Estate Owned $230,000 Historic Data - March 2011 Assets $61.97 million Equity Capital $6.95 million Loan Loss Allowance $35,000 Unbacked Noncurrent Loans $148,000 Profit Margin - Quarterly Net Interest Margin 4.67% Return on Assets 1.5% Return on Equity 14.13% Interest Income $811,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmers State Bank (9935) had $230,000 in non-current loans and owned real-estate with $7.59 million in equity and loan loss allowances on hand to cover it. This gives Farmers State Bank (9935) a Texas Ratio of 3.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Farmers State Bank (9935) held steady from 2.12% as of March 31, 2011 to 3.03% as of March 31, 2012, resulting in a negative change of 42.86%. This indicates that the balance sheet and financial strength for Farmers State Bank (9935) has held steady in recent periods. Deposit Growth In the past year, Farmers State Bank (9935) has increased its total deposits by $7.09 million, resulting in 13.19% 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 State Bank (9935) has shown is excellent. Capitalization 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 State Bank (9935) has $72.26 million in assets with $7.59 million in equity, resulting in a capitalization level of 10.51%, which is above average.

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