Farmers and Merchants State Bank of Alpha in Alpha, Minnesota (MN)



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Farmers and Merchants State Bank of Alpha routing number info

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Farmers and Merchants State Bank of Alpha
GeneralFDIC Certificate #: 10571
Status: Active
Federal Reserve ID: 388753
Date Established: August 01, 1911
WWW: http://www.famstatebankofalpha.com
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 #: 6772
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: No
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
LocationAddress: 210 North Main Street, Alpha, MN 56111
County: Jackson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $29.7 mil
Equity capital: $3.3 mil
Deposits held in domestic offices: $26.4 mil
Return on assets (ROA): 0.56% ($0.2 mil)
Quarterly return on assets: 0.46% ($0.1 mil)
Return on Equity (ROE): 5.37% ($0.2 mil)
Quarterly return on equity: 4.30% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.87% ($258.6 mil)
Quarterly Pretax return on assets: 0.74% ($219.9 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)8
Total assets$29,721
Cash and due from depository institutions$5,609
Interest-bearing balances$5,302
Securities$1,515
Federal funds sold & reverse repurchase agreements$849
Net loans & leases$20,975
Loan loss allowance $349
Trading account assets$0
Bank premises and fixed assets$114
Other real estate owned$162
Goodwill and other intangibles$0
All other assets$497
Life insurance assets$29,722
Total liabilities and capital$26,455
Total liabilities$26,395
Total deposits$22,574
Interest-bearing deposits$26,395
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $60
All other liabilities $3,267
Total equity capital$3,267
Total bank equity capital$3,267
Perpetual preferred stock$0
Common stock$75
Surplus$2,425
Undivided profits $767
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 $606
Earning assets $0
Long-term assets (5+ years) $369
Average Assets, year-to-date $28,641
Average Assets, quarterly $856
Volatile liabilities $30,475
Insider loans $30,458
FHLB advances $20,107
Loans and leases held for sale $30,235
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,246
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,215
Derivatives$33
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,352
Total interest expense $361
Net interest income $991
Provision for loan and lease losses $30
Total noninterest income $169
Fiduciary activities $0
Service charges on deposit accounts $102
Trading account gains & fees $0
Additional noninterest income $67
Total noninterest expense $864
Salaries and employee benefits $503
Premises and equipment expense $107
Additional noninterest expense $254
Pre-tax net operating income $266
Securities gains (losses) $0
Applicable income taxes $95
Income before extraordinary items $171
Extraordinary gains - net $0
Net income attributable to bank $171
Net charge-offs $0
Cash dividends $171
Sale, conversion, retirement of capital stock, net -$49
Net operating income $12
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.24%
Net interest margin 3.40%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.97%
Net operating income to assets 0.56%
Return on assets (ROA) 0.56%
Pretax return on assets 0.87%
Return on equity (ROE) 5.37%
Retained earnings to average equity (YTD only) 5.00%
Net charge-offs to loans -0.24%
Credit loss provision to net charge-offs -61.22%
Efficiency ratio0.00%
Assets per employee$74,483
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 7.02%
Loss allowance to noncurrent loans 1.64%
Noncurrent assets plus other real estate owned to assets 57.59%
Noncurrent loans to loans 2.58%
Net loans and leases to deposits2.84%
Net loans and leases to core deposits 79.47%
Equity capital to assets 86.48%
Core capital (leverage) ratio 10.99%
Tier 1 risk-based capital ratio 10.74%
Total risk-based capital ratio 16.14%
Memoranda
Average assets$17
Average earning assets$30,475
Average equity $3,182
Average loans $29,132
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06772Farmers And Merchants State Bank Of210 North Main Street, Alpha, MN 56111August 01, 1911Full Service Brick and Mortar
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