Farmers and Merchants State Bank in Langdon, North Dakota (ND)

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Farmers and Merchants State Bank
GeneralFDIC Certificate #: 21728
Status: Active
Federal Reserve ID: 677756
Bank Holding Company (Regulatory Top Holder): F & M Bancshares, Inc. (RSSDID: 2622219, Location: Langdon, ND)
Date Established: August 12, 1974
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 #: 15041
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: August 12, 1974
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
LocationAddress: 816 Third Street, Langdon, ND 58249
County: Cavalier
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $71.6 mil
Equity capital: $8.6 mil
Deposits held in domestic offices: $62.1 mil
Return on assets (ROA): 1.52% ($1.1 mil)
Quarterly return on assets: 1.19% ($0.9 mil)
Return on Equity (ROE): 12.38% ($1.1 mil)
Quarterly return on equity: 9.64% ($0.9 mil)
Net income: $1.0 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.62% ($1,159.8 mil)
Quarterly Pretax return on assets: 1.27% ($909.2 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)12
Total assets$71,593
Cash and due from depository institutions$5,919
Interest-bearing balances$1,074
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$40,548
Loan loss allowance $308
Trading account assets$0
Bank premises and fixed assets$656
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,309
Life insurance assets$71,593
Total liabilities and capital$62,946
Total liabilities$62,065
Total deposits$48,348
Interest-bearing deposits$62,065
Deposits held in domestic offices$85
% insured (estimated)331.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$250
Other borrowed funds $0
Subordinated debt $300
All other liabilities $8,647
Total equity capital$8,647
Total bank equity capital$8,647
Perpetual preferred stock$0
Common stock$200
Undivided profits $4,647
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 $108
Earning assets $0
Long-term assets (5+ years) $974
Average Assets, year-to-date $64,783
Average Assets, quarterly $7,474
Volatile liabilities $67,034
Insider loans $69,502
FHLB advances $51,831
Loans and leases held for sale $68,896
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,486
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,862
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,917
Total interest expense $574
Net interest income $2,343
Provision for loan and lease losses $0
Total noninterest income $158
Fiduciary activities $0
Service charges on deposit accounts $58
Trading account gains & fees $0
Additional noninterest income $100
Total noninterest expense $1,415
Salaries and employee benefits $818
Premises and equipment expense $138
Additional noninterest expense $459
Pre-tax net operating income $1,086
Securities gains (losses) $1
Applicable income taxes $65
Income before extraordinary items $1,022
Extraordinary gains - net $0
Net income attributable to bank $1,022
Net charge-offs $0
Cash dividends $1,022
Sale, conversion, retirement of capital stock, net $310
Net operating income $605
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 0.94%
Net interest margin 3.85%
Noninterest income to earning assets 0.26%
Noninterest expense to earning assets 2.33%
Net operating income to assets 1.52%
Return on assets (ROA) 1.52%
Pretax return on assets 1.62%
Return on equity (ROE) 12.38%
Retained earnings to average equity (YTD only) 5.05%
Net charge-offs to loans 0.77%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio3.50%
Assets per employee$56,577
Cash dividends to net income (YTD only)5.97%
Condition Ratios (%)
Loss allowance to loans 59.20%
Loss allowance to noncurrent loans 0.75%
Noncurrent assets plus other real estate owned to assets 285.19%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 65.33%
Equity capital to assets 68.90%
Core capital (leverage) ratio 12.08%
Tier 1 risk-based capital ratio 12.32%
Total risk-based capital ratio 16.37%
Average assets$17
Average earning assets$67,034
Average equity $8,257
Average loans $60,816
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015041Farmers And Merchants State Bank816 Third Street, Langdon, ND 58249August 12, 1974Full Service Brick and Mortar
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