First Farmers & Merchants National Bank in city_name, state_name

First Farmers & Merchants National Bank in Le Sueur, Minnesota (MN)
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First Farmers & Merchants National Bank routing number info

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
WWW: http://www.ffmbank.com
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

No	ID	Name	Address	Established	Service Type	Map
0	5650	First Farmers & Merchants National B	112 South Main Street, Le Sueur, MN 56058	October 28, 1933	Full Service Brick and Mortar
1	742	Cannon Falls	123 South Fourth Street, Cannon Falls, MN 55009	January 08, 1927	Full Service Brick and Mortar

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

First Farmers & Merchants National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Farmers & Merchants National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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