Farmers and Merchants State Bank in Paynesville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 19318
    Status: Active
    Federal Reserve ID: 883753
    Bank Holding Company (Regulatory Top Holder): Darwin Bancshares, Inc. (RSSDID: 1125571, Location: Darwin, MN)
    Date Established: December 18, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 13130
    Numeric code: 21
    Regulator: FDIC
    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: December 15, 1964
    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: 125 East James Street, Paynesville, MN 56362
    County: Stearns
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $25.1 mil
    Equity capital: $3.1 mil
    Deposits held in domestic offices: $22.0 mil
    Return on assets (ROA): 0.91% ($0.2 mil)
    Quarterly return on assets: 0.35% ($0.1 mil)
    Return on Equity (ROE): 7.69% ($0.2 mil)
    Quarterly return on equity: 2.88% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.91% ($228.7 mil)
    Quarterly Pretax return on assets: 0.35% ($88.0 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
  • 9Total employees (full-time equivalent)
  • $25,136Total assets
  • $7,045Cash and due from depository institutions
  • $6,036Interest-bearing balances
  • $10,199Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,226Net loans & leases
  • $186Loan loss allowance
  • $0Trading account assets
  • $215Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $25,136Life insurance assets
  • $451All other assets
  • $22,080Total liabilities and capital
  • $22,038Total liabilities
  • $18,081Total deposits
  • $22,038Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $42Subordinated debt
  • $3,056All other liabilities
  • $3,056Total equity capital
  • $3,056Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,250Surplus
  • $1,756Undivided 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
  • $221Long-term assets (5+ years)
  • $23,461Average Assets, year-to-date
  • $7,156Average Assets, quarterly
  • $24,290Volatile liabilities
  • $25,005Insider loans
  • $9,100FHLB advances
  • $25,143Loans and leases held for sale
  • $147Unused loan commitments
  • $147Tier 1 (core) risk-based capital
  • $2,561Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $762Restructured Loans and leases
  • $33Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,012Total interest income
  • $118Total interest expense
  • $894Net interest income
  • $0Provision for loan and lease losses
  • $86Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $763Total noninterest expense
  • $406Salaries and employee benefits
  • $182Premises and equipment expense
  • $175Additional noninterest expense
  • $217Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $220Income before extraordinary items
  • $0Extraordinary gains - net
  • $220Net income attributable to bank
  • $0Net charge-offs
  • $220Cash dividends
  • -$7Sale, conversion, retirement of capital stock, net
  • $211Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 7.69%Return on equity (ROE)
  • 0.31%Retained earnings to average equity (YTD only)
  • -0.10%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,857Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.91%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 32.79%Net loans and leases to core deposits
  • 33.24%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 28.14%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $24,290Average earning assets
  • $2,861Average equity
  • $22,521Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013130Farmers And Merchants State Bank125 East James Street, Paynesville, MN 56362December 18, 1907Full Service Brick and Mortar

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