F & M Bank Minnesota in Clarkfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


F & M Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 10184
    Status: Active
    Federal Reserve ID: 114251
    Bank Holding Company (Regulatory Top Holder): Independent Bancshares, Inc. (RSSDID: 2466235, Location: Clarkfield, MN)
    Date Established: January 28, 1919
    WWW: http://www.fmbankminnesota.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6524
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 16, 2010
    Last Structure Change Process Date: November 24, 2010
    Last Data Update: November 24, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 940 Tenth Avenue, Clarkfield, MN 56223
    County: Yellow Medicine
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $96.8 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $82.2 mil
    Return on assets (ROA): 1.10% ($1.1 mil)
    Quarterly return on assets: 1.03% ($1.0 mil)
    Return on Equity (ROE): 12.73% ($1.0 mil)
    Quarterly return on equity: 11.78% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.10% ($1,064.5 mil)
    Quarterly Pretax return on assets: 1.03% ($996.8 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, 2011)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $96,773Total assets
  • $10,054Cash and due from depository institutions
  • $5,693Interest-bearing balances
  • $25,483Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,586Net loans & leases
  • $304Loan loss allowance
  • $0Trading account assets
  • $1,089Bank premises and fixed assets
  • $162Other real estate owned
  • $301Goodwill and other intangibles
  • $96,773Life insurance assets
  • $2,098All other assets
  • $88,650Total liabilities and capital
  • $82,232Total liabilities
  • $55,965Total deposits
  • $82,232Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,236Trading liabilities
  • $0Other borrowed funds
  • $182Subordinated debt
  • $8,123All other liabilities
  • $8,123Total equity capital
  • $8,123Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,200Surplus
  • $1,623Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $71Income earned, not collected on loans
  • $0Earning assets
  • $1,038Long-term assets (5+ years)
  • $88,762Average Assets, year-to-date
  • $23,771Average Assets, quarterly
  • $88,580Volatile liabilities
  • $91,678Insider loans
  • $67,302FHLB advances
  • $91,426Loans and leases held for sale
  • $599Unused loan commitments
  • $599Tier 1 (core) risk-based capital
  • $7,186Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,567Restructured Loans and leases
  • $1,000Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,682Total interest income
  • $590Total interest expense
  • $3,092Net interest income
  • $64Provision for loan and lease losses
  • $192Total noninterest income
  • $0Fiduciary activities
  • $91Service charges on deposit accounts
  • $0Trading account gains & fees
  • $101Additional noninterest income
  • $2,243Total noninterest expense
  • $1,376Salaries and employee benefits
  • $225Premises and equipment expense
  • $642Additional noninterest expense
  • $977Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $977Income before extraordinary items
  • $0Extraordinary gains - net
  • $977Net income attributable to bank
  • $0Net charge-offs
  • $977Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $571Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 12.73%Return on equity (ROE)
  • 5.29%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,301Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.44%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 428.17%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 70.03%Net loans and leases to core deposits
  • 70.89%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 10.68%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $88,580Average earning assets
  • $7,674Average equity
  • $81,353Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06524F & M Bank Minnesota940 Tenth Avenue, Clarkfield, MN 56223January 28, 1919Full Service Brick and Mortar
    114303Olivia Branch815 East Depue Avenue, Olivia, MN 56277June 12, 1972Full Service Brick and Mortar
    2908Renville Branch412 North Main Street, Renville, MN 56284September 12, 1912Full Service Brick and Mortar

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