Farmers and Merchants Bank in Huron, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

  • Farmers and Merchants Bank in Huron, South Dakota (SD)
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Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 1126
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Marquette Bank South Dakota, National Association (#6079)
    Federal Reserve ID: 347750
    Date Established: January 01, 1918
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    OTS Docket #: 13505
    FDIC's unique #: 768
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: November 14, 1997
    Last Data Update: November 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Huron, SD 57350
    County: Beadle
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Huron, SD (#26700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $156.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $56Total assets
  • $155,981Cash and due from depository institutions
  • $3,097Interest-bearing balances
  • $44Securities
  • $46,126Federal funds sold & reverse repurchase agreements
  • $5,950Net loans & leases
  • $95,900Loan loss allowance
  • $1,206Trading account assets
  • $0Bank premises and fixed assets
  • $1,985Other real estate owned
  • $0Goodwill and other intangibles
  • $2,821Life insurance assets
  • $102All other assets
  • $0Total liabilities and capital
  • $155,981Total liabilities
  • $143,800Total deposits
  • $136,832Interest-bearing deposits
  • $122,586Deposits held in domestic offices
  • 136832.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $800Trading liabilities
  • $0Other borrowed funds
  • $3,678Subordinated debt
  • $0All other liabilities
  • $2,490Total equity capital
  • $2,490Total bank equity capital
  • $12,181Perpetual preferred stock
  • $0Common stock
  • $1,106Surplus
  • $6,697Undivided profits
  • Memoranda
  • $4,378Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $356Income earned, not collected on loans
  • $1,424Earning assets
  • $148,020Long-term assets (5+ years)
  • $30,145Average Assets, year-to-date
  • $151,451Average Assets, quarterly
  • $151,616Volatile liabilities
  • $12,128Insider loans
  • $2,634FHLB advances
  • $0Loans and leases held for sale
  • $168Unused loan commitments
  • $17,840Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,042Total risk weighted assets
  • $115,932Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,570Total interest expense
  • $5,907Net interest income
  • $5,663Provision for loan and lease losses
  • $50Total noninterest income
  • $1,587Fiduciary activities
  • $284Service charges on deposit accounts
  • $681Trading account gains & fees
  • $0Additional noninterest income
  • $622Total noninterest expense
  • $4,538Salaries and employee benefits
  • $2,326Premises and equipment expense
  • $499Additional noninterest expense
  • $1,713Pre-tax net operating income
  • $2,662Securities gains (losses)
  • -$24Applicable income taxes
  • $848Income before extraordinary items
  • $1,790Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,790Net charge-offs
  • $60Cash dividends
  • $10,722Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.09%Cost of funding earning assets
  • 4.13%Net interest margin
  • 3.96%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 3.17%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 1.74%Return on equity (ROE)
  • 11.49%Retained earnings to average equity (YTD only)
  • -57.31%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 83.33%Efficiency ratio
  • 62,290Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 598.99%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 338.76%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 70.09%Net loans and leases to core deposits
  • 76.41%Equity capital to assets
  • 7.81%Core capital (leverage) ratio
  • 7.99%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $151,451Average earning assets
  • $15,584Average equity
  • $142,992Average loans

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