F & M Community Bank, National Association in Preston, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

F & M Community Bank, National Association - Overview

  • 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)

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
  • 24Total employees (full-time equivalent)
  • $93,105Total assets
  • $4,662Cash and due from depository institutions
  • $1,880Interest-bearing balances
  • $19,990Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $64,136Net loans & leases
  • $666Loan loss allowance
  • $0Trading account assets
  • $1,165Bank premises and fixed assets
  • $107Other real estate owned
  • $0Goodwill and other intangibles
  • $93,105Life insurance assets
  • $3,045All other assets
  • $80,982Total liabilities and capital
  • $78,216Total liabilities
  • $60,158Total deposits
  • $78,216Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,464Trading liabilities
  • $0Other borrowed funds
  • $302Subordinated debt
  • $12,123All other liabilities
  • $12,123Total equity capital
  • $12,123Total bank equity capital
  • $0Perpetual preferred stock
  • $700Common stock
  • $4,577Surplus
  • $6,846Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $73Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $617Income earned, not collected on loans
  • $0Earning assets
  • $773Long-term assets (5+ years)
  • $86,006Average Assets, year-to-date
  • $26,401Average Assets, quarterly
  • $92,310Volatile liabilities
  • $92,057Insider loans
  • $83,006FHLB advances
  • $92,809Loans and leases held for sale
  • $491Unused loan commitments
  • $491Tier 1 (core) risk-based capital
  • $11,227Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,909Restructured Loans and leases
  • $378Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,784Total interest income
  • $766Total interest expense
  • $4,018Net interest income
  • $210Provision for loan and lease losses
  • $639Total noninterest income
  • $0Fiduciary activities
  • $257Service charges on deposit accounts
  • $0Trading account gains & fees
  • $382Additional noninterest income
  • $2,796Total noninterest expense
  • $1,698Salaries and employee benefits
  • $225Premises and equipment expense
  • $873Additional noninterest expense
  • $1,651Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,651Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,651Net income attributable to bank
  • $0Net charge-offs
  • $1,651Cash dividends
  • $401Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.68%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 1.79%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 14.38%Return on equity (ROE)
  • 5.67%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 52.37%Credit loss provision to net charge-offs
  • 4.64%Efficiency ratio
  • 60,039Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.57%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 107.94%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 82.00%Net loans and leases to core deposits
  • 88.80%Equity capital to assets
  • 13.02%Core capital (leverage) ratio
  • 12.10%Tier 1 risk-based capital ratio
  • 13.53%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $92,310Average earning assets
  • $11,485Average equity
  • $85,843Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07022F & M Community Bank, National Association100 St. Anthony Street North, Preston, MN 55965March 11, 1911Full Service Brick and Mortar
    1291921F & M Community Bank, Chatfield Branch229 Main Street North, Chatfield, MN 55923October 02, 2000Full Service Brick and Mortar

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