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

Show street view No street view available for this location

Farmers and Merchants State Bank of Alpha routing number info

Table of contents:
Farmers and Merchants State Bank of Alpha
GeneralFDIC 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
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
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
Undivided profits $767
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$17
Average earning assets$30,475
Average equity $3,182
Average loans $29,132
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers and Merchants State Bank of Alpha.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.