Farmers and Merchants State Bank of Appleton - Overview
General
FDIC Certificate #: 8845 Status: Active Federal Reserve ID: 269759 Bank Holding Company (Regulatory Top Holder): Mps Investment Company (RSSDID: 1121984, Location: Appleton, MN) Date Established: Febuary 20, 1915 WWW:http://www.farmers-merchants.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 #: 5640 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: October 05, 2007 Last Structure Change Process Date: October 05, 2007 Last Data Update: October 05, 2007 Data Source Date: April 05, 2012
Location
Address: 239 North Miles, Appleton, MN 56208 County: Swift Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Change in Location
Financial Summary
Total assets: $42.7 mil Equity capital: $5.5 mil Deposits held in domestic offices: $34.9 mil Return on assets (ROA): 1.64% ($0.7 mil) Quarterly return on assets: 1.46% ($0.6 mil) Return on Equity (ROE): 12.64% ($0.8 mil) Quarterly return on equity: 11.20% ($0.7 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.64% ($699.5 mil) Quarterly Pretax return on assets: 1.46% ($622.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$42,651Total assets
$3,525Cash and due from depository institutions
$2,695Interest-bearing balances
$11,013Securities
$0Federal funds sold & reverse repurchase agreements
$26,925Net loans & leases
$336Loan loss allowance
$0Trading account assets
$204Bank premises and fixed assets
$210Other real estate owned
$0Goodwill and other intangibles
$42,651Life insurance assets
$774All other assets
$37,150Total liabilities and capital
$34,912Total liabilities
$24,314Total deposits
$34,912Interest-bearing deposits
$86Deposits held in domestic offices
2200.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$38Subordinated debt
$5,501All other liabilities
$5,501Total equity capital
$5,501Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$3,800Surplus
$1,501Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$284Income earned, not collected on loans
$0Earning assets
$532Long-term assets (5+ years)
$40,633Average Assets, year-to-date
$382Average Assets, quarterly
$41,277Volatile liabilities
$42,051Insider loans
$30,600FHLB advances
$42,122Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,501Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,073Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,729Total interest income
$175Total interest expense
$1,554Net interest income
$0Provision for loan and lease losses
$100Total noninterest income
$0Fiduciary activities
$43Service charges on deposit accounts
$0Trading account gains & fees
$57Additional noninterest income
$975Total noninterest expense
$602Salaries and employee benefits
$117Premises and equipment expense
$256Additional noninterest expense
$679Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$679Income before extraordinary items
$0Extraordinary gains - net
$679Net income attributable to bank
$0Net charge-offs
$679Cash dividends
$33Sale, conversion, retirement of capital stock, net
$485Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.40%Yield on earning assets
0.45%Cost of funding earning assets
3.95%Net interest margin
0.25%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
1.64%Net operating income to assets
1.64%Return on assets (ROA)
1.64%Pretax return on assets
12.64%Return on equity (ROE)
3.61%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
20.58%Efficiency ratio
58,948Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.43%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
118.31%Noncurrent assets plus other real estate owned to assets
1.16%Noncurrent loans to loans
1.04%Net loans and leases to deposits
77.12%Net loans and leases to core deposits
78.75%Equity capital to assets
12.90%Core capital (leverage) ratio
13.06%Tier 1 risk-based capital ratio
17.98%Total risk-based capital ratio
Memoranda
$19Average assets
$41,277Average earning assets
$5,370Average equity
$39,324Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5640
Farmers And Merchants State Bank Of
239 North Miles, Appleton, MN 56208
Febuary 20, 1915
Full Service Brick and Mortar
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