Farmers and Merchants Bank in Laotto, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 13801
    Status: Active
    Federal Reserve ID: 372640
    Bank Holding Company (Regulatory Top Holder): F M Fincorp (RSSDID: 1135196, Location: Laotto, IN)
    Date Established: October 29, 1914
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 8628
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 31, 1934
    Last Structure Change Effective Date: July 31, 2007
    Last Structure Change Process Date: June 16, 2010
    Last Data Update: June 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 6464 Merchants Drive, Laotto, IN 46763
    County: Noble
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
    Core Based Statistical Area (CBSA): Kendallville, IN (#28340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $112.3 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $102.3 mil
    Return on assets (ROA): 1.32% ($1.5 mil)
    Quarterly return on assets: 1.40% ($1.6 mil)
    Return on Equity (ROE): 16.25% ($1.5 mil)
    Quarterly return on equity: 16.82% ($1.5 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.32% ($1,482.9 mil)
    Quarterly Pretax return on assets: 1.40% ($1,572.8 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
  • 30Total employees (full-time equivalent)
  • $112,340Total assets
  • $3,122Cash and due from depository institutions
  • $129Interest-bearing balances
  • $40,531Securities
  • $8,536Federal funds sold & reverse repurchase agreements
  • $54,302Net loans & leases
  • $614Loan loss allowance
  • $0Trading account assets
  • $2,904Bank premises and fixed assets
  • $15Other real estate owned
  • $0Goodwill and other intangibles
  • $112,340Life insurance assets
  • $2,930All other assets
  • $102,923Total liabilities and capital
  • $102,344Total liabilities
  • $88,811Total deposits
  • $102,344Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $579Subordinated debt
  • $9,417All other liabilities
  • $9,417Total equity capital
  • $9,417Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $4,150Surplus
  • $4,817Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $511Long-term assets (5+ years)
  • $103,498Average Assets, year-to-date
  • $51,488Average Assets, quarterly
  • $106,419Volatile liabilities
  • $110,465Insider loans
  • $63,863FHLB advances
  • $111,761Loans and leases held for sale
  • $1,760Unused loan commitments
  • $1,336Tier 1 (core) risk-based capital
  • $8,843Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $424Total unused commitments
  • $7,333Restructured Loans and leases
  • $1,155Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,364Total interest income
  • $503Total interest expense
  • $3,861Net interest income
  • -$128Provision for loan and lease losses
  • $600Total noninterest income
  • $0Fiduciary activities
  • $324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $276Additional noninterest income
  • $3,194Total noninterest expense
  • $1,704Salaries and employee benefits
  • $638Premises and equipment expense
  • $852Additional noninterest expense
  • $1,395Pre-tax net operating income
  • $6Securities gains (losses)
  • $0Applicable income taxes
  • $1,401Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,401Net income attributable to bank
  • $0Net charge-offs
  • $1,401Cash dividends
  • -$219Sale, conversion, retirement of capital stock, net
  • $479Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 16.25%Return on equity (ROE)
  • 10.70%Retained earnings to average equity (YTD only)
  • -0.40%Net charge-offs to loans
  • 58.45%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,598Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.19%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 53.06%Net loans and leases to core deposits
  • 53.20%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 7.91%Tier 1 risk-based capital ratio
  • 13.85%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $106,419Average earning assets
  • $8,620Average equity
  • $97,682Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10Managed Assets
  • 1Number of Accounts
  • $10Personal trust and agency accounts
  • $10Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08628Farmers And Merchants Bank6464 Merchants Drive, Laotto, IN 46763October 29, 1914Full Service Brick and Mortar
    1230277Huntertown Branch1615 West Gump Road, Huntertown, IN 46748September 03, 1985Full Service Brick and Mortar
    2230278Churubusco Branch4084 North U.S., Suite B, Churubusco, IN 46723May 03, 1999Full Service Brick and Mortar
    3492414Farmers & Merchants Bank Branch511 Professional Way, Kendallville, IN 46755Febuary 17, 2009Full Service Brick and Mortar

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