Farmers State Bank of Madelia, Incorporated in Madelia, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Madelia, Incorporated - Overview

  • General
  • FDIC Certificate #: 10566
    Status: Active
    Federal Reserve ID: 988658
    Bank Holding Company (Regulatory Top Holder): Madelia Bancshares, Inc. (RSSDID: 1124211, Location: Madelia, MN)
    Date Established: July 25, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14193
    FDIC's unique #: 6767
    Numeric code: 13
    Regulator: FED
    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: 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: 34 Main Street, Madelia, MN 56062
    County: Watonwan
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    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: $61.3 mil
    Equity capital: $6.5 mil
    Deposits held in domestic offices: $52.8 mil
    Return on assets (ROA): 0.82% ($0.5 mil)
    Quarterly return on assets: 0.88% ($0.5 mil)
    Return on Equity (ROE): 8.01% ($0.5 mil)
    Quarterly return on equity: 8.40% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.82% ($502.9 mil)
    Quarterly Pretax return on assets: 0.88% ($539.7 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)
  • $61,331Total assets
  • $13,363Cash and due from depository institutions
  • $11,488Interest-bearing balances
  • $9,158Securities
  • $1,785Federal funds sold & reverse repurchase agreements
  • $34,822Net loans & leases
  • $624Loan loss allowance
  • $0Trading account assets
  • $640Bank premises and fixed assets
  • $266Other real estate owned
  • $290Goodwill and other intangibles
  • $61,331Life insurance assets
  • $1,007All other assets
  • $54,858Total liabilities and capital
  • $52,782Total liabilities
  • $42,365Total deposits
  • $52,782Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 422.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,600Trading liabilities
  • $0Other borrowed funds
  • $54Subordinated debt
  • $6,473All other liabilities
  • $6,473Total equity capital
  • $6,473Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,900Surplus
  • $3,473Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $87Income earned, not collected on loans
  • $0Earning assets
  • $416Long-term assets (5+ years)
  • $57,253Average Assets, year-to-date
  • $4,594Average Assets, quarterly
  • $62,424Volatile liabilities
  • $61,405Insider loans
  • $35,559FHLB advances
  • $61,547Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,110Restructured Loans and leases
  • $92Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,538Total interest income
  • $426Total interest expense
  • $2,112Net interest income
  • $105Provision for loan and lease losses
  • $138Total noninterest income
  • $0Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $1,635Total noninterest expense
  • $1,045Salaries and employee benefits
  • $232Premises and equipment expense
  • $358Additional noninterest expense
  • $510Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $510Income before extraordinary items
  • $0Extraordinary gains - net
  • $510Net income attributable to bank
  • $0Net charge-offs
  • $510Cash dividends
  • $106Sale, conversion, retirement of capital stock, net
  • $415Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 8.01%Return on equity (ROE)
  • 1.49%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 99.06%Credit loss provision to net charge-offs
  • 5.80%Efficiency ratio
  • 72,667Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.37%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 717.24%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 65.97%Net loans and leases to core deposits
  • 71.08%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 10.05%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $62,424Average earning assets
  • $6,363Average equity
  • $58,208Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06767Farmers State Bank Of Madelia, Incorporated34 Main Street, Madelia, MN 56062July 25, 1916Full Service Brick and Mortar
    15215Lewisville BranchMain Street, Lewisville, MN 56060January 22, 1902Full Service Brick and Mortar

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