Farmers State Bank of Madelia, Incorporated in Madelia, Minnesota (MN)
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| Farmers State Bank of Madelia, Incorporated | |
|---|---|
| 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 WWW: http://www.madelia.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $61,331 |
| Cash and due from depository institutions | $13,363 |
| Interest-bearing balances | $11,488 |
| Securities | $9,158 |
| Federal funds sold & reverse repurchase agreements | $1,785 |
| Net loans & leases | $34,822 |
| Loan loss allowance | $624 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $640 |
| Other real estate owned | $266 |
| Goodwill and other intangibles | $290 |
| All other assets | $1,007 |
| Life insurance assets | $61,331 |
| Total liabilities and capital | $54,858 |
| Total liabilities | $52,782 |
| Total deposits | $42,365 |
| Interest-bearing deposits | $52,782 |
| Deposits held in domestic offices | $85 |
| % insured (estimated) | 422.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,600 |
| Other borrowed funds | $0 |
| Subordinated debt | $54 |
| All other liabilities | $6,473 |
| Total equity capital | $6,473 |
| Total bank equity capital | $6,473 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,900 |
| Undivided profits | $3,473 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $87 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $416 |
| Average Assets, year-to-date | $57,253 |
| Average Assets, quarterly | $4,594 |
| Volatile liabilities | $62,424 |
| Insider loans | $61,405 |
| FHLB advances | $35,559 |
| Loans and leases held for sale | $61,547 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $6,183 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,110 |
| Derivatives | $92 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,538 |
| Total interest expense | $426 |
| Net interest income | $2,112 |
| Provision for loan and lease losses | $105 |
| Total noninterest income | $138 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $59 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $79 |
| Total noninterest expense | $1,635 |
| Salaries and employee benefits | $1,045 |
| Premises and equipment expense | $232 |
| Additional noninterest expense | $358 |
| Pre-tax net operating income | $510 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $510 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $510 |
| Net charge-offs | $0 |
| Cash dividends | $510 |
| Sale, conversion, retirement of capital stock, net | $106 |
| Net operating income | $415 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.36% |
| Cost of funding earning assets | 0.73% |
| Net interest margin | 3.63% |
| Noninterest income to earning assets | 0.24% |
| Noninterest expense to earning assets | 2.81% |
| Net operating income to assets | 0.82% |
| Return on assets (ROA) | 0.82% |
| Pretax return on assets | 0.82% |
| Return on equity (ROE) | 8.01% |
| Retained earnings to average equity (YTD only) | 1.49% |
| Net charge-offs to loans | 0.31% |
| Credit loss provision to net charge-offs | 99.06% |
| Efficiency ratio | 5.80% |
| Assets per employee | $72,667 |
| Cash dividends to net income (YTD only) | 3.23% |
| Condition Ratios (%) | |
| Loss allowance to loans | 81.37% |
| Loss allowance to noncurrent loans | 1.76% |
| Noncurrent assets plus other real estate owned to assets | 717.24% |
| Noncurrent loans to loans | 0.58% |
| Net loans and leases to deposits | 0.25% |
| Net loans and leases to core deposits | 65.97% |
| Equity capital to assets | 71.08% |
| Core capital (leverage) ratio | 10.55% |
| Tier 1 risk-based capital ratio | 10.05% |
| Total risk-based capital ratio | 17.39% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $62,424 |
| Average equity | $6,363 |
| Average loans | $58,208 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6767 | Farmers State Bank Of Madelia, Incorporated | 34 Main Street, Madelia, MN 56062 | July 25, 1916 | Full Service Brick and Mortar |  |
| 1 | 5215 | Lewisville Branch | Main Street, Lewisville, MN 56060 | January 22, 1902 | 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.