Farmers and Merchants State Bank of Alpha in Alpha, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants State Bank of Alpha - Overview

  • General
  • FDIC Certificate #: 10571
    Status: Active
    Federal Reserve ID: 388753
    Date Established: August 01, 1911
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 8Total employees (full-time equivalent)
  • $29,721Total assets
  • $5,609Cash and due from depository institutions
  • $5,302Interest-bearing balances
  • $1,515Securities
  • $849Federal funds sold & reverse repurchase agreements
  • $20,975Net loans & leases
  • $349Loan loss allowance
  • $0Trading account assets
  • $114Bank premises and fixed assets
  • $162Other real estate owned
  • $0Goodwill and other intangibles
  • $29,722Life insurance assets
  • $497All other assets
  • $26,455Total liabilities and capital
  • $26,395Total liabilities
  • $22,574Total deposits
  • $26,395Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $60Subordinated debt
  • $3,267All other liabilities
  • $3,267Total equity capital
  • $3,267Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $2,425Surplus
  • $767Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $606Income earned, not collected on loans
  • $0Earning assets
  • $369Long-term assets (5+ years)
  • $28,641Average Assets, year-to-date
  • $856Average Assets, quarterly
  • $30,475Volatile liabilities
  • $30,458Insider loans
  • $20,107FHLB advances
  • $30,235Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,246Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,215Restructured Loans and leases
  • $33Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,352Total interest income
  • $361Total interest expense
  • $991Net interest income
  • $30Provision for loan and lease losses
  • $169Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $67Additional noninterest income
  • $864Total noninterest expense
  • $503Salaries and employee benefits
  • $107Premises and equipment expense
  • $254Additional noninterest expense
  • $266Pre-tax net operating income
  • $0Securities gains (losses)
  • $95Applicable income taxes
  • $171Income before extraordinary items
  • $0Extraordinary gains - net
  • $171Net income attributable to bank
  • $0Net charge-offs
  • $171Cash dividends
  • -$49Sale, conversion, retirement of capital stock, net
  • $12Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 5.37%Return on equity (ROE)
  • 5.00%Retained earnings to average equity (YTD only)
  • -0.24%Net charge-offs to loans
  • -61.22%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,483Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.02%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 57.59%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 79.47%Net loans and leases to core deposits
  • 86.48%Equity capital to assets
  • 10.99%Core capital (leverage) ratio
  • 10.74%Tier 1 risk-based capital ratio
  • 16.14%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $30,475Average earning assets
  • $3,182Average equity
  • $29,132Average loans

List of branches

  • 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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