FDIC Certificate #: 23306 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Farmers & Merchants Savings Bank (#9298) Federal Reserve ID: 367851 Date Established: December 20, 1980 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 11538 FDIC's unique #: 16336 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 20, 1980 Last Structure Change Effective Date: December 18, 2010 Last Structure Change Process Date: January 06, 2011 Last Data Update: January 06, 2011 Data Source Date: April 05, 2012
Location
Address: 7641 Lake Drive, Lino Lakes, MN 55014 County: Anoka Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $31.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
16Total employees (full-time equivalent)
$40,349Total assets
$2,175Cash and due from depository institutions
$1,564Interest-bearing balances
$4,148Securities
$2,800Federal funds sold & reverse repurchase agreements
$18,208Net loans & leases
$872Loan loss allowance
$0Trading account assets
$5,587Bank premises and fixed assets
$6,741Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$690All other assets
$40,349Total liabilities and capital
$35,837Total liabilities
$35,616Total deposits
$32,352Interest-bearing deposits
$35,616Deposits held in domestic offices
99.36%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$221All other liabilities
$4,512Total equity capital
$4,512Total bank equity capital
$4,512Perpetual preferred stock
$0Common stock
$5,000Surplus
$6,000Undivided profits
Memoranda
$-6,488Noncurrent loans and leases
$2,792Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,287Earning assets
$0Long-term assets (5+ years)
$96Average Assets, year-to-date
$26,720Average Assets, quarterly
$30Volatile liabilities
$48,558Insider loans
$41,268FHLB advances
$10,979Loans and leases held for sale
$8Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,792Total unused commitments
$0Restructured Loans and leases
$428Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,643Total interest income
$1,249Total interest expense
$394Net interest income
$160Provision for loan and lease losses
-$1,429Total noninterest income
$0Fiduciary activities
$167Service charges on deposit accounts
$0Trading account gains & fees
-$1,596Additional noninterest income
$3,667Total noninterest expense
$1,137Salaries and employee benefits
$470Premises and equipment expense
$2,060Additional noninterest expense
-$4,862Pre-tax net operating income
$0Securities gains (losses)
-$351Applicable income taxes
-$4,511Income before extraordinary items
$0Extraordinary gains - net
-$4,511Net income attributable to bank
$0Net charge-offs
-$4,511Cash dividends
$1,208Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
3.55%Cost of funding earning assets
1.12%Net interest margin
-4.07%Noninterest income to earning assets
10.44%Noninterest expense to earning assets
-9.29%Net operating income to assets
-9.29%Return on assets (ROA)
-10.01%Pretax return on assets
-69.58%Return on equity (ROE)
-69.58%Retained earnings to average equity (YTD only)
4.82%Net charge-offs to loans
13.25%Credit loss provision to net charge-offs
-3.89%Efficiency ratio
-354,300Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.57%Loss allowance to noncurrent loans
38.13%Noncurrent assets plus other real estate owned to assets
22.37%Noncurrent loans to loans
11.99%Net loans and leases to deposits
51.12%Net loans and leases to core deposits
73.91%Equity capital to assets
11.18%Core capital (leverage) ratio
10.85%Tier 1 risk-based capital ratio
13.40%Total risk-based capital ratio
Memoranda
$15Average assets
$48,558Average earning assets
$6,483Average equity
$35,137Average loans
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