Farmers and Merchants Bank in Laotto, Indiana (IN)

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Farmers and Merchants Bank routing number info

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Farmers and Merchants Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)30
Total assets$112,340
Cash and due from depository institutions$3,122
Interest-bearing balances$129
Federal funds sold & reverse repurchase agreements$8,536
Net loans & leases$54,302
Loan loss allowance $614
Trading account assets$0
Bank premises and fixed assets$2,904
Other real estate owned$15
Goodwill and other intangibles$0
All other assets$2,930
Life insurance assets$112,340
Total liabilities and capital$102,923
Total liabilities$102,344
Total deposits$88,811
Interest-bearing deposits$102,344
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $579
All other liabilities $9,417
Total equity capital$9,417
Total bank equity capital$9,417
Perpetual preferred stock$0
Common stock$450
Undivided profits $4,817
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 $0
Earning assets $0
Long-term assets (5+ years) $511
Average Assets, year-to-date $103,498
Average Assets, quarterly $51,488
Volatile liabilities $106,419
Insider loans $110,465
FHLB advances $63,863
Loans and leases held for sale $111,761
Unused loan commitments $1,760
Tier 1 (core) risk-based capital $1,336
Tier 2 risk-based capital $8,843
Total risk weighted assets $0
Total unused commitments $424
Restructured Loans and leases $7,333
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,364
Total interest expense $503
Net interest income $3,861
Provision for loan and lease losses -$128
Total noninterest income $600
Fiduciary activities $0
Service charges on deposit accounts $324
Trading account gains & fees $0
Additional noninterest income $276
Total noninterest expense $3,194
Salaries and employee benefits $1,704
Premises and equipment expense $638
Additional noninterest expense $852
Pre-tax net operating income $1,395
Securities gains (losses) $6
Applicable income taxes $0
Income before extraordinary items $1,401
Extraordinary gains - net $0
Net income attributable to bank $1,401
Net charge-offs $0
Cash dividends $1,401
Sale, conversion, retirement of capital stock, net -$219
Net operating income $479
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.47%
Cost of funding earning assets 0.51%
Net interest margin 3.95%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 3.27%
Net operating income to assets 1.31%
Return on assets (ROA) 1.32%
Pretax return on assets 1.32%
Return on equity (ROE) 16.25%
Retained earnings to average equity (YTD only) 10.70%
Net charge-offs to loans -0.40%
Credit loss provision to net charge-offs 58.45%
Efficiency ratio0.00%
Assets per employee$71,598
Cash dividends to net income (YTD only)3.74%
Condition Ratios (%)
Loss allowance to loans 34.19%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.01%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 53.06%
Equity capital to assets 53.20%
Core capital (leverage) ratio 8.38%
Tier 1 risk-based capital ratio 7.91%
Total risk-based capital ratio 13.85%
Average assets$15
Average earning assets$106,419
Average equity $8,620
Average loans $97,682
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Total Fiduciary and Related Assets (December 31, 2009)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$10
Number of Accounts1
Personal trust and agency accounts$10
Employee benefit-defined contribution accounts$10
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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