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

Farmers and Merchants State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 12Total employees (full-time equivalent)
  • $71,593Total assets
  • $5,919Cash and due from depository institutions
  • $1,074Interest-bearing balances
  • $23,161Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $40,548Net loans & leases
  • $308Loan loss allowance
  • $0Trading account assets
  • $656Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $71,593Life insurance assets
  • $1,309All other assets
  • $62,946Total liabilities and capital
  • $62,065Total liabilities
  • $48,348Total deposits
  • $62,065Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 331.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $250Trading liabilities
  • $0Other borrowed funds
  • $300Subordinated debt
  • $8,647All other liabilities
  • $8,647Total equity capital
  • $8,647Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,800Surplus
  • $4,647Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $108Income earned, not collected on loans
  • $0Earning assets
  • $974Long-term assets (5+ years)
  • $64,783Average Assets, year-to-date
  • $7,474Average Assets, quarterly
  • $67,034Volatile liabilities
  • $69,502Insider loans
  • $51,831FHLB advances
  • $68,896Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,486Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,862Restructured Loans and leases
  • $120Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,917Total interest income
  • $574Total interest expense
  • $2,343Net interest income
  • $0Provision for loan and lease losses
  • $158Total noninterest income
  • $0Fiduciary activities
  • $58Service charges on deposit accounts
  • $0Trading account gains & fees
  • $100Additional noninterest income
  • $1,415Total noninterest expense
  • $818Salaries and employee benefits
  • $138Premises and equipment expense
  • $459Additional noninterest expense
  • $1,086Pre-tax net operating income
  • $1Securities gains (losses)
  • $65Applicable income taxes
  • $1,022Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,022Net income attributable to bank
  • $0Net charge-offs
  • $1,022Cash dividends
  • $310Sale, conversion, retirement of capital stock, net
  • $605Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.33%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 12.38%Return on equity (ROE)
  • 5.05%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 3.50%Efficiency ratio
  • 56,577Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.20%Loss allowance to loans
  • 0.75%Loss allowance to noncurrent loans
  • 285.19%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 65.33%Net loans and leases to core deposits
  • 68.90%Equity capital to assets
  • 12.08%Core capital (leverage) ratio
  • 12.32%Tier 1 risk-based capital ratio
  • 16.37%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $67,034Average earning assets
  • $8,257Average equity
  • $60,816Average loans

List of branches

  • 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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