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



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Farmers and Merchants State Bank of Appleton routing number info

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Farmers and Merchants State Bank of Appleton
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)13
Total assets$42,651
Cash and due from depository institutions$3,525
Interest-bearing balances$2,695
Securities$11,013
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$26,925
Loan loss allowance $336
Trading account assets$0
Bank premises and fixed assets$204
Other real estate owned$210
Goodwill and other intangibles$0
All other assets$774
Life insurance assets$42,651
Total liabilities and capital$37,150
Total liabilities$34,912
Total deposits$24,314
Interest-bearing deposits$34,912
Deposits held in domestic offices$86
% insured (estimated)2200.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $38
All other liabilities $5,501
Total equity capital$5,501
Total bank equity capital$5,501
Perpetual preferred stock$0
Common stock$200
Surplus$3,800
Undivided profits $1,501
Memoranda
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 $284
Earning assets $0
Long-term assets (5+ years) $532
Average Assets, year-to-date $40,633
Average Assets, quarterly $382
Volatile liabilities $41,277
Insider loans $42,051
FHLB advances $30,600
Loans and leases held for sale $42,122
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,501
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,073
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,729
Total interest expense $175
Net interest income $1,554
Provision for loan and lease losses $0
Total noninterest income $100
Fiduciary activities $0
Service charges on deposit accounts $43
Trading account gains & fees $0
Additional noninterest income $57
Total noninterest expense $975
Salaries and employee benefits $602
Premises and equipment expense $117
Additional noninterest expense $256
Pre-tax net operating income $679
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $679
Extraordinary gains - net $0
Net income attributable to bank $679
Net charge-offs $0
Cash dividends $679
Sale, conversion, retirement of capital stock, net $33
Net operating income $485
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.40%
Cost of funding earning assets 0.45%
Net interest margin 3.95%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 2.48%
Net operating income to assets 1.64%
Return on assets (ROA) 1.64%
Pretax return on assets 1.64%
Return on equity (ROE) 12.64%
Retained earnings to average equity (YTD only) 3.61%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio20.58%
Assets per employee$58,948
Cash dividends to net income (YTD only)3.28%
Condition Ratios (%)
Loss allowance to loans 71.43%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 118.31%
Noncurrent loans to loans 1.16%
Net loans and leases to deposits1.04%
Net loans and leases to core deposits 77.12%
Equity capital to assets 78.75%
Core capital (leverage) ratio 12.90%
Tier 1 risk-based capital ratio 13.06%
Total risk-based capital ratio 17.98%
Memoranda
Average assets$19
Average earning assets$41,277
Average equity $5,370
Average loans $39,324
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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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