Iroquois Farmers State Bank Reports – 1007930

Iroquois Farmers State Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 12/20/2024

Iroquois Farmers State Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Iroquois, IL. Established on 01/01/1919, the bank is regulated by the FDIC and has 6 domestic offices. It operates in the N/A.

The bank has 24 employees and holds $159,063k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1919.

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Iroquois Farmers State Bank Institution Profile

Established Date 01/01/1919 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 6
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 24 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 60945
Ownership Type Not Mutual City Iroquois
State Alpha code IL State and County Number 17075
Subchapter S Corporations Yes Trust Powers Trust Powers Not Known
Federal Reserve ID Number 7 Federal Reserve ID Number Description N/A
Office of The Comptroller District: N/A Office of Thrift Supervision Region N/A
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Iroquois Farmers State Bank with our “Institution Profile” table. The 01/01/1919 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

6 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Iroquois, IL, and 60945 provide geographic context. Explore these attributes to gain a holistic view of Iroquois Farmers State Bank in the financial landscape.

Iroquois Farmers State Bank Financials

(USD, in thousands)

Total Assets $159,063 Total Liabilities $146,847
Total Equity Capital $12,216 Total Deposits $140,431
Net Loans and Leases $106,047 Total Interest Income $1,677
Total Noninterest Income $333 Total Interest Expense $622
Total Noninterest Expense $728 Tier 1 Risk-Based Capital Ratio 11.00%
Net Loans and Leases to Core Deposits 84.46% Return on Assets 1.11%
Return on Equity 15.62% Efficiency Ratio 52.45%

Financial Performance Overview

Gain a comprehensive perspective on Iroquois Farmers State Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $159,063k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $146,847k and total equity capital at $12,216k.

Delve into key operational metrics, including total deposits of $140,431k, net loans and leases at $106k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 10.9979, and Return on Assets at 1.11. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Iroquois Farmers State Bank’s performance and competitive positioning within the financial industry.

Iroquois Farmers State Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) $53 Net Loans and Leases to Core Deposits 84.46%
Tier 1 Risk-Based Capital Ratio 11.00% Securities Gains (Losses) -$198
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1.66%
Yield on Earning Assets 4.48% Total Interest Income $1,677
Applicable Income Taxes $6 Loss Allowance to Loans and Leases 0.35%
Net Loans and Leases $106,047 Loss Allowance to Noncurrent Loans and Leases 76.33%
Noncurrent Loans to Loans 0.46% Net Income Attributable to Bank and Noncontrolling Interests $441
Net Interest Income $1,055 Net Interest Margin 2.82%
Net Operating Income to Assets 1.61% Noninterest Income to Average Assets 0.84%
Total Noninterest Income $333 Noninterest Expense to Average Assets 1.84%
Total Noninterest Expense $728 Net Charge-Offs to Loans and Leases 0.09%
All Other Assets $6,370 Other Real Estate Owned $60
Other borrowed funds $0 Pre-tax Net Operating Income $645
Pretax Return on Assets 1.13% Return on Assets 1.11%
Retained Earnings to Average Equity (YTD only) 11.18%

Insights into Financial Metrics

Enhance your understanding of Iroquois Farmers State Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $106,047k and Net Interest Income $1,055k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 10.9979 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.09 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $333k and evaluate operational efficiency using metrics like Efficiency Ratio: 52.45. This nuanced financial overview empowers a comprehensive analysis of Iroquois Farmers State Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Iroquois Farmers State Bank?

The asset size of Iroquois Farmers State Bank is approximately $159,063k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Iroquois Farmers State Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Iroquois Farmers State Bank, this ratio stands at
75.52%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Iroquois Farmers State Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 10.9979.

What is the net interest margin of Iroquois Farmers State Bank, and how has it trended over the past year?

The current net interest margin is 2.82. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Iroquois Farmers State Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Iroquois Farmers State Bank, this stands at 0.4604.

Are there any recent regulatory changes that could impact Iroquois Farmers State Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Iroquois Farmers State Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Iroquois Farmers State Bank?

Iroquois Farmers State Bank was established on 01/01/1919. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Iroquois Farmers State Bank FDIC insured?

Yes, Iroquois Farmers State Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Iroquois Farmers State Bank in OK?

The routing number for Iroquois Farmers State Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Iroquois Farmers State Bank?

Iroquois Farmers State Bank is a significant player in the financial sector with total assets valued at $159,063k and a network of 6 domestic offices.

Is Iroquois Farmers State Bank a local bank?

Iroquois Farmers State Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Iroquois Farmers State Bank. Get more data about Iroquois Farmers State Bank on Visbanking Report Portal.