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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers & Merchants State Bank of New York Mills, Incorporated.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents