Farmers and Merchants Bank in Cooperstown in Cooperstown, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 1993

Farmers and Merchants Bank in Cooperstown in Cooperstown, North Dakota (ND)
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Farmers and Merchants Bank in Cooperstown - Overview

General
FDIC Certificate #: 17330
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First State Bank of Cooperstown (#15615)
Federal Reserve ID: 786153
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11342
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 01, 1954
Last Structure Change Effective Date: July 31, 1993
Last Structure Change Process Date: August 05, 1993
Last Data Update: August 05, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Cooperstown, ND 58425
County: Griggs
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $25.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$25,212Cash and due from depository institutions
$4,540Interest-bearing balances
$3,635Securities
$9,592Federal funds sold & reverse repurchase agreements
$4,250Net loans & leases
$6,401Loan loss allowance
$211Trading account assets
$0Bank premises and fixed assets
$36Other real estate owned
$0Goodwill and other intangibles
$393Life insurance assets
$0All other assets
$0Total liabilities and capital
$25,212Total liabilities
$22,692Total deposits
$22,352Interest-bearing deposits
$19,917Deposits held in domestic offices
22352.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$340Total equity capital
$340Total bank equity capital
$2,520Perpetual preferred stock
$0Common stock
$150Surplus
$650Undivided profits
Memoranda
$1,720Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4Income earned, not collected on loans
$209Earning assets
$23,878Long-term assets (5+ years)
$5,200Average Assets, year-to-date
$26,055Average Assets, quarterly
$24,968Volatile liabilities
$708Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,520Total risk weighted assets
$10,244Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,024Total interest expense
$967Net interest income
$1,057Provision for loan and lease losses
-$113Total noninterest income
$118Fiduciary activities
$0Service charges on deposit accounts
$85Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$603Salaries and employee benefits
$330Premises and equipment expense
$44Additional noninterest expense
$229Pre-tax net operating income
$685Securities gains (losses)
$68Applicable income taxes
$259Income before extraordinary items
$494Extraordinary gains - net
$0Net income attributable to bank
$494Net charge-offs
-$102Cash dividends
$370Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.28%Cost of funding earning assets
3.96%Net interest margin
4.33%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
2.47%Net operating income to assets
1.72%Return on assets (ROA)
1.90%Pretax return on assets
2.89%Return on equity (ROE)
19.58%Retained earnings to average equity (YTD only)
4.92%Net charge-offs to loans
-1.38%Credit loss provision to net charge-offs
110.78%Efficiency ratio
51,319Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.90%Loss allowance to loans
3.19%Loss allowance to noncurrent loans
5275.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
28.64%Net loans and leases to core deposits
29.57%Equity capital to assets
10.00%Core capital (leverage) ratio
10.08%Tier 1 risk-based capital ratio
24.60%Total risk-based capital ratio
Memoranda
$26Average assets
$26,055Average earning assets
$2,522Average equity
$24,430Average loans

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