F & M Community Bank, National Association in Preston, Minnesota (MN)
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F & M Community Bank, National Association routing number info
Table of contents:
| F & M Community Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 10967 Status: Active Federal Reserve ID: 171759 Bank Holding Company (Regulatory Top Holder): F & M Financial Services, Inc. (RSSDID: 1122178, Location: Preston, MN) Date Established: March 11, 1911 WWW: http://www.fmcommunity.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 7022 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 100 St. Anthony Street North, Preston, MN 55965 County: Fillmore 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $93.1 mil Equity capital: $12.1 mil Deposits held in domestic offices: $78.2 mil Return on assets (ROA): 1.79% ($1.7 mil) Quarterly return on assets: 1.83% ($1.7 mil) Return on Equity (ROE): 14.38% ($1.7 mil) Quarterly return on equity: 14.02% ($1.7 mil) Net income: $1.7 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.79% ($1,666.6 mil) Quarterly Pretax return on assets: 1.83% ($1,703.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $93,105 |
| Cash and due from depository institutions | $4,662 |
| Interest-bearing balances | $1,880 |
| Securities | $19,990 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $64,136 |
| Loan loss allowance | $666 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,165 |
| Other real estate owned | $107 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,045 |
| Life insurance assets | $93,105 |
| Total liabilities and capital | $80,982 |
| Total liabilities | $78,216 |
| Total deposits | $60,158 |
| Interest-bearing deposits | $78,216 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,464 |
| Other borrowed funds | $0 |
| Subordinated debt | $302 |
| All other liabilities | $12,123 |
| Total equity capital | $12,123 |
| Total bank equity capital | $12,123 |
| Perpetual preferred stock | $0 |
| Common stock | $700 |
| Surplus | $4,577 |
| Undivided profits | $6,846 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $73 |
| Income earned, not collected on loans | $617 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $773 |
| Average Assets, year-to-date | $86,006 |
| Average Assets, quarterly | $26,401 |
| Volatile liabilities | $92,310 |
| Insider loans | $92,057 |
| FHLB advances | $83,006 |
| Loans and leases held for sale | $92,809 |
| Unused loan commitments | $491 |
| Tier 1 (core) risk-based capital | $491 |
| Tier 2 risk-based capital | $11,227 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,909 |
| Derivatives | $378 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,784 |
| Total interest expense | $766 |
| Net interest income | $4,018 |
| Provision for loan and lease losses | $210 |
| Total noninterest income | $639 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $257 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $382 |
| Total noninterest expense | $2,796 |
| Salaries and employee benefits | $1,698 |
| Premises and equipment expense | $225 |
| Additional noninterest expense | $873 |
| Pre-tax net operating income | $1,651 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,651 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,651 |
| Net charge-offs | $0 |
| Cash dividends | $1,651 |
| Sale, conversion, retirement of capital stock, net | $401 |
| Net operating income | $1,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.57% |
| Cost of funding earning assets | 0.89% |
| Net interest margin | 4.68% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 3.26% |
| Net operating income to assets | 1.79% |
| Return on assets (ROA) | 1.79% |
| Pretax return on assets | 1.79% |
| Return on equity (ROE) | 14.38% |
| Retained earnings to average equity (YTD only) | 5.67% |
| Net charge-offs to loans | 0.64% |
| Credit loss provision to net charge-offs | 52.37% |
| Efficiency ratio | 4.64% |
| Assets per employee | $60,039 |
| Cash dividends to net income (YTD only) | 3.88% |
| Condition Ratios (%) | |
| Loss allowance to loans | 60.57% |
| Loss allowance to noncurrent loans | 1.03% |
| Noncurrent assets plus other real estate owned to assets | 107.94% |
| Noncurrent loans to loans | 0.78% |
| Net loans and leases to deposits | 0.95% |
| Net loans and leases to core deposits | 82.00% |
| Equity capital to assets | 88.80% |
| Core capital (leverage) ratio | 13.02% |
| Tier 1 risk-based capital ratio | 12.10% |
| Total risk-based capital ratio | 13.53% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $92,310 |
| Average equity | $11,485 |
| Average loans | $85,843 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7022 | F & M Community Bank, National Association | 100 St. Anthony Street North, Preston, MN 55965 | March 11, 1911 | Full Service Brick and Mortar |  |
| 1 | 291921 | F & M Community Bank, Chatfield Branch | 229 Main Street North, Chatfield, MN 55923 | October 02, 2000 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.