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

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 Appleton.
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.
Table of Contents