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

  • Farmers and Merchants State Bank of Sacred Heart in Sacred Heart, Minnesota (MN)
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Farmers and Merchants State Bank of Sacred Heart - Overview

  • General
  • FDIC Certificate #: 1901
    Status: Active
    Federal Reserve ID: 762353
    Bank Holding Company (Regulatory Top Holder): Poe Investment Company (RSSDID: 1122981, Location: Excelsior, MN)
    Date Established: March 04, 1905
    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 #: 1267
    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: 200 West Maple Street, Sacred Heart, MN 56285
    County: Renville
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.0 mil
    Equity capital: $2.9 mil
    Deposits held in domestic offices: $23.0 mil
    Return on assets (ROA): 0.39% ($0.1 mil)
    Quarterly return on assets: 0.36% ($0.1 mil)
    Return on Equity (ROE): 3.36% ($0.1 mil)
    Quarterly return on equity: 3.16% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.41% ($106.6 mil)
    Quarterly Pretax return on assets: 0.40% ($104.0 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
  • 6Total employees (full-time equivalent)
  • $25,992Total assets
  • $6,062Cash and due from depository institutions
  • $2,303Interest-bearing balances
  • $4,932Securities
  • $900Federal funds sold & reverse repurchase agreements
  • $12,740Net loans & leases
  • $170Loan loss allowance
  • $0Trading account assets
  • $575Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $25,992Life insurance assets
  • $783All other assets
  • $23,076Total liabilities and capital
  • $23,033Total liabilities
  • $16,298Total deposits
  • $23,033Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $43Subordinated debt
  • $2,916All other liabilities
  • $2,916Total equity capital
  • $2,916Total bank equity capital
  • $0Perpetual preferred stock
  • $140Common stock
  • $2,360Surplus
  • $416Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $49Income earned, not collected on loans
  • $0Earning assets
  • $208Long-term assets (5+ years)
  • $20,875Average Assets, year-to-date
  • $4,101Average Assets, quarterly
  • $24,517Volatile liabilities
  • $25,222Insider loans
  • $16,343FHLB advances
  • $25,627Loans and leases held for sale
  • $497Unused loan commitments
  • $497Tier 1 (core) risk-based capital
  • $2,836Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $54Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $936Total interest income
  • $254Total interest expense
  • $682Net interest income
  • $12Provision for loan and lease losses
  • $85Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $654Total noninterest expense
  • $319Salaries and employee benefits
  • $69Premises and equipment expense
  • $266Additional noninterest expense
  • $101Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $96Income before extraordinary items
  • $0Extraordinary gains - net
  • $96Net income attributable to bank
  • $0Net charge-offs
  • $96Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $65Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.36%Return on equity (ROE)
  • 1.08%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 400.00%Credit loss provision to net charge-offs
  • 37.67%Efficiency ratio
  • 85,267Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.71%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 346.94%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 55.31%Net loans and leases to core deposits
  • 57.59%Equity capital to assets
  • 11.22%Core capital (leverage) ratio
  • 11.07%Tier 1 risk-based capital ratio
  • 17.35%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $24,517Average earning assets
  • $2,860Average equity
  • $19,701Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01267Farmers And Merchants State Bank Of200 West Maple Street, Sacred Heart, MN 56285March 04, 1905Full Service Brick and Mortar

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