Farmers & Merchants State Bank of New York Mills, Incorporated in New York Mills, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers & Merchants State Bank of New York Mills, Incorporated - Overview

  • General
  • FDIC Certificate #: 9340
    Status: Active
    Federal Reserve ID: 721752
    Bank Holding Company (Regulatory Top Holder): New York Mills Bancshares, Inc. (RSSDID: 1124202, Location: New York Mills, MN)
    Date Established: December 16, 1916
    WWW: http://www.fmbanknym.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12477
    FDIC's unique #: 5992
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending 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: Walker Avenue And Front Street, New York Mills, MN 56567
    County: Otter Tail
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $54.2 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $43.6 mil
    Return on assets (ROA): 0.78% ($0.4 mil)
    Quarterly return on assets: 0.66% ($0.4 mil)
    Return on Equity (ROE): 5.18% ($0.4 mil)
    Quarterly return on equity: 4.39% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.78% ($422.7 mil)
    Quarterly Pretax return on assets: 0.67% ($363.1 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
  • 16Total employees (full-time equivalent)
  • $54,192Total assets
  • $2,385Cash and due from depository institutions
  • $1,113Interest-bearing balances
  • $21,986Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,080Net loans & leases
  • $437Loan loss allowance
  • $0Trading account assets
  • $350Bank premises and fixed assets
  • $235Other real estate owned
  • $0Goodwill and other intangibles
  • $54,192Life insurance assets
  • $2,156All other assets
  • $46,067Total liabilities and capital
  • $43,582Total liabilities
  • $34,444Total deposits
  • $43,582Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 2029.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $456Subordinated debt
  • $8,125All other liabilities
  • $8,125Total equity capital
  • $8,125Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $3,700Surplus
  • $4,125Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34Income earned, not collected on loans
  • $0Earning assets
  • $289Long-term assets (5+ years)
  • $50,179Average Assets, year-to-date
  • $16,398Average Assets, quarterly
  • $52,201Volatile liabilities
  • $53,855Insider loans
  • $42,049FHLB advances
  • $53,985Loans and leases held for sale
  • $1,421Unused loan commitments
  • $1,075Tier 1 (core) risk-based capital
  • $7,675Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $346Total unused commitments
  • $3,378Restructured Loans and leases
  • $146Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,148Total interest income
  • $415Total interest expense
  • $1,733Net interest income
  • $80Provision for loan and lease losses
  • $274Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • $176Additional noninterest income
  • $1,515Total noninterest expense
  • $909Salaries and employee benefits
  • $133Premises and equipment expense
  • $473Additional noninterest expense
  • $412Pre-tax net operating income
  • -$5Securities gains (losses)
  • $1Applicable income taxes
  • $406Income before extraordinary items
  • $0Extraordinary gains - net
  • $406Net income attributable to bank
  • $0Net charge-offs
  • $406Cash dividends
  • $162Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 5.18%Return on equity (ROE)
  • 5.18%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 49.38%Credit loss provision to net charge-offs
  • 3.04%Efficiency ratio
  • 75,486Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 1285.29%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 62.14%Net loans and leases to core deposits
  • 67.48%Equity capital to assets
  • 14.99%Core capital (leverage) ratio
  • 14.22%Tier 1 risk-based capital ratio
  • 18.25%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $52,201Average earning assets
  • $7,843Average equity
  • $48,395Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05992Farmers & Merchants State Bank Of New York Mills, IncorporatedWalker Avenue And Front Street, New York Mills, MN 56567December 16, 1916Full Service Brick and Mortar

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