Farmers and Merchants State Bank in Plankinton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers and Merchants State Bank in Plankinton, South Dakota (SD)
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Farmers and Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 501
    Status: Active
    Federal Reserve ID: 601153
    Bank Holding Company (Regulatory Top Holder): Page Holding Company (RSSDID: 1363748, Location: Plankinton, SD)
    Date Established: April 06, 1910
    WWW: http://www.fmsbonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 362
    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: January 01, 1934
    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: 101 South Main Street, Plankinton, SD 57368
    County: Aurora
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $84.6 mil
    Equity capital: $7.5 mil
    Deposits held in domestic offices: $68.6 mil
    Return on assets (ROA): 2.60% ($2.2 mil)
    Quarterly return on assets: 2.47% ($2.1 mil)
    Return on Equity (ROE): 27.49% ($2.2 mil)
    Quarterly return on equity: 26.83% ($2.1 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 2.70% ($2,283.8 mil)
    Quarterly Pretax return on assets: 2.54% ($2,148.5 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
  • 13Total employees (full-time equivalent)
  • $84,586Total assets
  • $3,515Cash and due from depository institutions
  • $1,575Interest-bearing balances
  • $6,791Securities
  • $375Federal funds sold & reverse repurchase agreements
  • $70,135Net loans & leases
  • $953Loan loss allowance
  • $0Trading account assets
  • $253Bank premises and fixed assets
  • $53Other real estate owned
  • $0Goodwill and other intangibles
  • $84,586Life insurance assets
  • $3,464All other assets
  • $77,065Total liabilities and capital
  • $68,619Total liabilities
  • $57,193Total deposits
  • $68,619Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,200Trading liabilities
  • $0Other borrowed funds
  • $246Subordinated debt
  • $7,521All other liabilities
  • $7,521Total equity capital
  • $7,521Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,800Surplus
  • $3,521Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $573Income earned, not collected on loans
  • $0Earning assets
  • $1,602Long-term assets (5+ years)
  • $78,876Average Assets, year-to-date
  • $9,306Average Assets, quarterly
  • $77,420Volatile liabilities
  • $82,504Insider loans
  • $72,197FHLB advances
  • $81,844Loans and leases held for sale
  • $1,167Unused loan commitments
  • $1,167Tier 1 (core) risk-based capital
  • $7,342Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,101Restructured Loans and leases
  • $4,130Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,293Total interest income
  • $732Total interest expense
  • $3,561Net interest income
  • $263Provision for loan and lease losses
  • $418Total noninterest income
  • $0Fiduciary activities
  • $322Service charges on deposit accounts
  • $0Trading account gains & fees
  • $96Additional noninterest income
  • $1,645Total noninterest expense
  • $1,085Salaries and employee benefits
  • $74Premises and equipment expense
  • $486Additional noninterest expense
  • $2,071Pre-tax net operating income
  • $21Securities gains (losses)
  • $81Applicable income taxes
  • $2,011Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,011Net income attributable to bank
  • $0Net charge-offs
  • $2,011Cash dividends
  • $211Sale, conversion, retirement of capital stock, net
  • $1,401Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.94%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 2.57%Net operating income to assets
  • 2.60%Return on assets (ROA)
  • 2.70%Pretax return on assets
  • 27.49%Return on equity (ROE)
  • 8.34%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 124.64%Credit loss provision to net charge-offs
  • 11.06%Efficiency ratio
  • 41,342Assets per employee
  • 6.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.67%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 166.32%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 102.21%Net loans and leases to core deposits
  • 122.04%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 10.17%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $77,420Average earning assets
  • $7,316Average equity
  • $72,241Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362Farmers And Merchants State Bank101 South Main Street, Plankinton, SD 57368April 06, 1910Full Service Brick and Mortar
    1181723White Lake BranchMain Street, White Lake, SD 57383July 16, 1941Full Service Brick and Mortar

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