Farmers and Merchants State Bank in Plankinton, South Dakota (SD)
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| Farmers and Merchants State Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $84,586 |
| Cash and due from depository institutions | $3,515 |
| Interest-bearing balances | $1,575 |
| Securities | $6,791 |
| Federal funds sold & reverse repurchase agreements | $375 |
| Net loans & leases | $70,135 |
| Loan loss allowance | $953 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $253 |
| Other real estate owned | $53 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,464 |
| Life insurance assets | $84,586 |
| Total liabilities and capital | $77,065 |
| Total liabilities | $68,619 |
| Total deposits | $57,193 |
| Interest-bearing deposits | $68,619 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $8,200 |
| Other borrowed funds | $0 |
| Subordinated debt | $246 |
| All other liabilities | $7,521 |
| Total equity capital | $7,521 |
| Total bank equity capital | $7,521 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $3,800 |
| Undivided profits | $3,521 |
| Memoranda | |
| 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 | $573 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,602 |
| Average Assets, year-to-date | $78,876 |
| Average Assets, quarterly | $9,306 |
| Volatile liabilities | $77,420 |
| Insider loans | $82,504 |
| FHLB advances | $72,197 |
| Loans and leases held for sale | $81,844 |
| Unused loan commitments | $1,167 |
| Tier 1 (core) risk-based capital | $1,167 |
| Tier 2 risk-based capital | $7,342 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $19,101 |
| Derivatives | $4,130 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,293 |
| Total interest expense | $732 |
| Net interest income | $3,561 |
| Provision for loan and lease losses | $263 |
| Total noninterest income | $418 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $322 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $96 |
| Total noninterest expense | $1,645 |
| Salaries and employee benefits | $1,085 |
| Premises and equipment expense | $74 |
| Additional noninterest expense | $486 |
| Pre-tax net operating income | $2,071 |
| Securities gains (losses) | $21 |
| Applicable income taxes | $81 |
| Income before extraordinary items | $2,011 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,011 |
| Net charge-offs | $0 |
| Cash dividends | $2,011 |
| Sale, conversion, retirement of capital stock, net | $211 |
| Net operating income | $1,401 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.94% |
| Cost of funding earning assets | 1.01% |
| Net interest margin | 4.93% |
| Noninterest income to earning assets | 0.58% |
| Noninterest expense to earning assets | 2.28% |
| Net operating income to assets | 2.57% |
| Return on assets (ROA) | 2.60% |
| Pretax return on assets | 2.70% |
| Return on equity (ROE) | 27.49% |
| Retained earnings to average equity (YTD only) | 8.34% |
| Net charge-offs to loans | 0.32% |
| Credit loss provision to net charge-offs | 124.64% |
| Efficiency ratio | 11.06% |
| Assets per employee | $41,342 |
| Cash dividends to net income (YTD only) | 6.51% |
| Condition Ratios (%) | |
| Loss allowance to loans | 69.67% |
| Loss allowance to noncurrent loans | 1.34% |
| Noncurrent assets plus other real estate owned to assets | 166.32% |
| Noncurrent loans to loans | 0.74% |
| Net loans and leases to deposits | 0.81% |
| Net loans and leases to core deposits | 102.21% |
| Equity capital to assets | 122.04% |
| Core capital (leverage) ratio | 8.89% |
| Tier 1 risk-based capital ratio | 8.97% |
| Total risk-based capital ratio | 10.17% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $77,420 |
| Average equity | $7,316 |
| Average loans | $72,241 |
| 2 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 362 | Farmers And Merchants State Bank | 101 South Main Street, Plankinton, SD 57368 | April 06, 1910 | Full Service Brick and Mortar |  |
| 1 | 181723 | White Lake Branch | Main Street, White Lake, SD 57383 | July 16, 1941 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.