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

  • Farmers and Merchants State Bank of Blooming Prairie in Blooming Prairie, Minnesota (MN)
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Farmers and Merchants State Bank of Blooming Prairie - Overview

  • General
  • FDIC Certificate #: 1599
    Status: Active
    Federal Reserve ID: 334657
    Bank Holding Company (Regulatory Top Holder): Country Bankers, Inc. (RSSDID: 1992335, Location: Blooming Prairie, MN)
    Date Established: May 07, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15528
    FDIC's unique #: 1043
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 245 East Main Street, Blooming Prairie, MN 55917
    County: Steele
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Owatonna, MN (#36940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $76.3 mil
    Equity capital: $5.9 mil
    Deposits held in domestic offices: $70.0 mil
    Return on assets (ROA): 1.45% ($1.1 mil)
    Quarterly return on assets: 0.80% ($0.6 mil)
    Return on Equity (ROE): 18.10% ($1.1 mil)
    Quarterly return on equity: 10.31% ($0.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.45% ($1,106.3 mil)
    Quarterly Pretax return on assets: 0.80% ($610.4 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
  • 24Total employees (full-time equivalent)
  • $76,295Total assets
  • $10,839Cash and due from depository institutions
  • $7,257Interest-bearing balances
  • $0Securities
  • $1,082Federal funds sold & reverse repurchase agreements
  • $60,943Net loans & leases
  • $743Loan loss allowance
  • $0Trading account assets
  • $850Bank premises and fixed assets
  • $421Other real estate owned
  • $0Goodwill and other intangibles
  • $76,295Life insurance assets
  • $2,160All other assets
  • $70,440Total liabilities and capital
  • $69,959Total liabilities
  • $56,965Total deposits
  • $69,959Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $319Trading liabilities
  • $0Other borrowed funds
  • $162Subordinated debt
  • $5,855All other liabilities
  • $5,855Total equity capital
  • $5,855Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,000Surplus
  • $1,355Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $217Income earned, not collected on loans
  • $0Earning assets
  • $846Long-term assets (5+ years)
  • $69,282Average Assets, year-to-date
  • $1,321Average Assets, quarterly
  • $71,501Volatile liabilities
  • $75,292Insider loans
  • $55,775FHLB advances
  • $74,950Loans and leases held for sale
  • $790Unused loan commitments
  • $790Tier 1 (core) risk-based capital
  • $5,855Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,262Restructured Loans and leases
  • $445Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,690Total interest income
  • $611Total interest expense
  • $3,079Net interest income
  • $98Provision for loan and lease losses
  • $287Total noninterest income
  • $0Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112Additional noninterest income
  • $2,228Total noninterest expense
  • $1,497Salaries and employee benefits
  • $314Premises and equipment expense
  • $417Additional noninterest expense
  • $1,040Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $1,039Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,039Net income attributable to bank
  • $0Net charge-offs
  • $1,039Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $971Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 18.10%Return on equity (ROE)
  • 1.18%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 118.07%Credit loss provision to net charge-offs
  • 13.71%Efficiency ratio
  • 66,191Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.46%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 342.40%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 87.11%Net loans and leases to core deposits
  • 102.74%Equity capital to assets
  • 7.67%Core capital (leverage) ratio
  • 7.81%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $71,501Average earning assets
  • $5,740Average equity
  • $65,183Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01043Farmers And Merchants State Bank Of245 East Main Street, Blooming Prairie, MN 55917May 07, 1904Full Service Brick and Mortar
    1189899Austin Branch607 N. Main, Austin, MN 55912August 14, 1998Full Service Brick and Mortar

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