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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    05640Farmers And Merchants State Bank Of239 North Miles, Appleton, MN 56208Febuary 20, 1915Full Service Brick and Mortar

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