First Farmers & Merchants National Bank in Le Sueur, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers & Merchants National Bank - Overview

  • General
  • FDIC Certificate #: 8855
    Status: Active
    Federal Reserve ID: 91259
    Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
    Date Established: October 28, 1933
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15807
    FDIC's unique #: 5650
    Numeric code: 3
    Regulator: OCC
    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: No
    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: 112 South Main Street, Le Sueur, MN 56058
    County: Le Sueur
    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: $106.7 mil
    Equity capital: $13.6 mil
    Deposits held in domestic offices: $91.4 mil
    Return on assets (ROA): 0.58% ($0.6 mil)
    Quarterly return on assets: 0.77% ($0.8 mil)
    Return on Equity (ROE): 4.73% ($0.7 mil)
    Quarterly return on equity: 6.06% ($0.8 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.58% ($618.6 mil)
    Quarterly Pretax return on assets: 0.77% ($821.2 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
  • 25Total employees (full-time equivalent)
  • $106,651Total assets
  • $6,374Cash and due from depository institutions
  • $4,153Interest-bearing balances
  • $26,750Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,524Net loans & leases
  • $1,234Loan loss allowance
  • $0Trading account assets
  • $1,552Bank premises and fixed assets
  • $317Other real estate owned
  • $2,593Goodwill and other intangibles
  • $106,651Life insurance assets
  • $1,541All other assets
  • $93,056Total liabilities and capital
  • $91,383Total liabilities
  • $80,852Total deposits
  • $91,383Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1189.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $484Subordinated debt
  • $13,595All other liabilities
  • $13,595Total equity capital
  • $13,595Total bank equity capital
  • $0Perpetual preferred stock
  • $351Common stock
  • $9,750Surplus
  • $3,494Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $716Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,258Income earned, not collected on loans
  • $0Earning assets
  • $618Long-term assets (5+ years)
  • $98,427Average Assets, year-to-date
  • $11,340Average Assets, quarterly
  • $107,532Volatile liabilities
  • $106,348Insider loans
  • $79,183FHLB advances
  • $104,358Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,231Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,580Restructured Loans and leases
  • $11Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,723Total interest income
  • $775Total interest expense
  • $3,948Net interest income
  • $310Provision for loan and lease losses
  • $121Total noninterest income
  • $0Fiduciary activities
  • $182Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$61Additional noninterest income
  • $3,137Total noninterest expense
  • $1,472Salaries and employee benefits
  • $325Premises and equipment expense
  • $1,340Additional noninterest expense
  • $622Pre-tax net operating income
  • $0Securities gains (losses)
  • $3Applicable income taxes
  • $619Income before extraordinary items
  • $0Extraordinary gains - net
  • $619Net income attributable to bank
  • $0Net charge-offs
  • $619Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $411Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 4.73%Return on equity (ROE)
  • 1.59%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1409.09%Credit loss provision to net charge-offs
  • 42.36%Efficiency ratio
  • 77,095Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.40%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 37.88%Noncurrent assets plus other real estate owned to assets
  • 3.35%Noncurrent loans to loans
  • 4.74%Net loans and leases to deposits
  • 73.89%Net loans and leases to core deposits
  • 79.14%Equity capital to assets
  • 12.75%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 12.92%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $107,532Average earning assets
  • $13,074Average equity
  • $99,287Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05650First Farmers & Merchants National B112 South Main Street, Le Sueur, MN 56058October 28, 1933Full Service Brick and Mortar
    1742Cannon Falls123 South Fourth Street, Cannon Falls, MN 55009January 08, 1927Full Service Brick and Mortar

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