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

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Farmers and Merchants State Bank of Pierz routing number info

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Farmers and Merchants State Bank of Pierz
GeneralFDIC Certificate #: 10165
Status: Active
Federal Reserve ID: 728957
Bank Holding Company (Regulatory Top Holder): Farmers & Merchants Agency, Inc. (RSSDID: 1123791, Location: Pierz, MN)
Date Established: January 01, 1908
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 #: 12484
FDIC's unique #: 6506
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: September 23, 2010
Last Data Update: September 23, 2010
Data Source Date: April 05, 2012
LocationAddress: 80 Main Street N, Pierz, MN 56364
County: Morrison
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
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $177.2 mil
Equity capital: $18.8 mil
Deposits held in domestic offices: $158.2 mil
Return on assets (ROA): 2.39% ($4.2 mil)
Quarterly return on assets: 2.68% ($4.7 mil)
Return on Equity (ROE): 23.18% ($4.4 mil)
Quarterly return on equity: 25.30% ($4.8 mil)
Net income: $4.0 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 2.39% ($4,234.4 mil)
Quarterly Pretax return on assets: 2.68% ($4,748.2 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)32
Total assets$177,173
Cash and due from depository institutions$5,956
Interest-bearing balances$1,960
Federal funds sold & reverse repurchase agreements$1,470
Net loans & leases$124,745
Loan loss allowance $1,586
Trading account assets$0
Bank premises and fixed assets$1,173
Other real estate owned$1,026
Goodwill and other intangibles$0
All other assets$1,952
Life insurance assets$177,173
Total liabilities and capital$158,400
Total liabilities$158,218
Total deposits$128,828
Interest-bearing deposits$158,218
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $182
All other liabilities $18,773
Total equity capital$18,773
Total bank equity capital$18,773
Perpetual preferred stock$0
Common stock$570
Undivided profits $4,103
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 $2,511
Earning assets $0
Long-term assets (5+ years) $1,125
Average Assets, year-to-date $169,026
Average Assets, quarterly $36,518
Volatile liabilities $169,167
Insider loans $173,422
FHLB advances $132,654
Loans and leases held for sale $173,088
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,611
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,118
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,169
Total interest expense $1,597
Net interest income $7,572
Provision for loan and lease losses $737
Total noninterest income $279
Fiduciary activities $0
Service charges on deposit accounts $527
Trading account gains & fees $0
Additional noninterest income -$248
Total noninterest expense $3,701
Salaries and employee benefits $2,169
Premises and equipment expense $485
Additional noninterest expense $1,047
Pre-tax net operating income $3,413
Securities gains (losses) $623
Applicable income taxes $0
Income before extraordinary items $4,036
Extraordinary gains - net $0
Net income attributable to bank $4,036
Net charge-offs $0
Cash dividends $4,036
Sale, conversion, retirement of capital stock, net $918
Net operating income $2,992
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.72%
Cost of funding earning assets 1.00%
Net interest margin 4.73%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 2.31%
Net operating income to assets 2.02%
Return on assets (ROA) 2.39%
Pretax return on assets 2.39%
Return on equity (ROE) 23.18%
Retained earnings to average equity (YTD only) 6.00%
Net charge-offs to loans 0.73%
Credit loss provision to net charge-offs 80.28%
Efficiency ratio4.52%
Assets per employee$47,140
Cash dividends to net income (YTD only)5.54%
Condition Ratios (%)
Loss allowance to loans 74.13%
Loss allowance to noncurrent loans 1.26%
Noncurrent assets plus other real estate owned to assets 63.16%
Noncurrent loans to loans 2.00%
Net loans and leases to deposits1.99%
Net loans and leases to core deposits 78.84%
Equity capital to assets 87.47%
Core capital (leverage) ratio 10.60%
Tier 1 risk-based capital ratio 10.17%
Total risk-based capital ratio 13.28%
Average assets$14
Average earning assets$169,167
Average equity $17,411
Average loans $160,169
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06506Farmers And Merchants State Bank Of80 Main Street N, Pierz, MN 56364January 01, 1908Full Service Brick and Mortar
1221980Sauk Rapids Branch1301 2nd Street North, Sauk Rapids, MN 56379October 10, 1995Full Service Brick and Mortar
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