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 routing number info
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| Farmers and Merchants State Bank of Blooming Prairie | |
|---|---|
| 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 WWW: http://www.fmbankmn.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $76,295 |
| Cash and due from depository institutions | $10,839 |
| Interest-bearing balances | $7,257 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $1,082 |
| Net loans & leases | $60,943 |
| Loan loss allowance | $743 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $850 |
| Other real estate owned | $421 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,160 |
| Life insurance assets | $76,295 |
| Total liabilities and capital | $70,440 |
| Total liabilities | $69,959 |
| Total deposits | $56,965 |
| Interest-bearing deposits | $69,959 |
| Deposits held in domestic offices | $75 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $319 |
| Other borrowed funds | $0 |
| Subordinated debt | $162 |
| All other liabilities | $5,855 |
| Total equity capital | $5,855 |
| Total bank equity capital | $5,855 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $4,000 |
| Undivided profits | $1,355 |
| 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 | $217 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $846 |
| Average Assets, year-to-date | $69,282 |
| Average Assets, quarterly | $1,321 |
| Volatile liabilities | $71,501 |
| Insider loans | $75,292 |
| FHLB advances | $55,775 |
| Loans and leases held for sale | $74,950 |
| Unused loan commitments | $790 |
| Tier 1 (core) risk-based capital | $790 |
| Tier 2 risk-based capital | $5,855 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,262 |
| Derivatives | $445 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,690 |
| Total interest expense | $611 |
| Net interest income | $3,079 |
| Provision for loan and lease losses | $98 |
| Total noninterest income | $287 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $175 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $112 |
| Total noninterest expense | $2,228 |
| Salaries and employee benefits | $1,497 |
| Premises and equipment expense | $314 |
| Additional noninterest expense | $417 |
| Pre-tax net operating income | $1,040 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,039 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,039 |
| Net charge-offs | $0 |
| Cash dividends | $1,039 |
| Sale, conversion, retirement of capital stock, net | $83 |
| Net operating income | $971 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.66% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 4.72% |
| Noninterest income to earning assets | 0.44% |
| Noninterest expense to earning assets | 3.42% |
| Net operating income to assets | 1.45% |
| Return on assets (ROA) | 1.45% |
| Pretax return on assets | 1.45% |
| Return on equity (ROE) | 18.10% |
| Retained earnings to average equity (YTD only) | 1.18% |
| Net charge-offs to loans | 0.14% |
| Credit loss provision to net charge-offs | 118.07% |
| Efficiency ratio | 13.71% |
| Assets per employee | $66,191 |
| Cash dividends to net income (YTD only) | 3.18% |
| Condition Ratios (%) | |
| Loss allowance to loans | 93.46% |
| Loss allowance to noncurrent loans | 1.20% |
| Noncurrent assets plus other real estate owned to assets | 342.40% |
| Noncurrent loans to loans | 0.84% |
| Net loans and leases to deposits | 0.35% |
| Net loans and leases to core deposits | 87.11% |
| Equity capital to assets | 102.74% |
| Core capital (leverage) ratio | 7.67% |
| Tier 1 risk-based capital ratio | 7.81% |
| Total risk-based capital ratio | 10.50% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $71,501 |
| Average equity | $5,740 |
| Average loans | $65,183 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1043 | Farmers And Merchants State Bank Of | 245 East Main Street, Blooming Prairie, MN 55917 | May 07, 1904 | Full Service Brick and Mortar |  |
| 1 | 189899 | Austin Branch | 607 N. Main, Austin, MN 55912 | August 14, 1998 | Full Service Brick and Mortar |  |
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