First Farmers & Merchants State Bank in Brownsdale, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers & Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 1600
    Status: Active
    Federal Reserve ID: 276654
    Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
    Date Established: Febuary 08, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1044
    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: 106 W Main St, Brownsdale, MN 55918
    County: Mower
    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): Austin, MN (#12380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $84.3 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $68.9 mil
    Return on assets (ROA): 0.98% ($0.8 mil)
    Quarterly return on assets: 1.45% ($1.2 mil)
    Return on Equity (ROE): 7.43% ($0.8 mil)
    Quarterly return on equity: 10.50% ($1.2 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.98% ($826.1 mil)
    Quarterly Pretax return on assets: 1.46% ($1,230.7 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
  • 19Total employees (full-time equivalent)
  • $84,293Total assets
  • $2,343Cash and due from depository institutions
  • $961Interest-bearing balances
  • $30,904Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,804Net loans & leases
  • $613Loan loss allowance
  • $0Trading account assets
  • $778Bank premises and fixed assets
  • $1,258Other real estate owned
  • $304Goodwill and other intangibles
  • $84,293Life insurance assets
  • $902All other assets
  • $73,006Total liabilities and capital
  • $68,905Total liabilities
  • $58,456Total deposits
  • $68,905Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 3817.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $284Subordinated debt
  • $11,287All other liabilities
  • $11,287Total equity capital
  • $11,287Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $6,562Surplus
  • $4,625Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $519Income earned, not collected on loans
  • $0Earning assets
  • $500Long-term assets (5+ years)
  • $79,669Average Assets, year-to-date
  • $17,459Average Assets, quarterly
  • $80,736Volatile liabilities
  • $81,715Insider loans
  • $57,558FHLB advances
  • $79,755Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,362Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,996Restructured Loans and leases
  • $10Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,537Total interest income
  • $531Total interest expense
  • $3,006Net interest income
  • $116Provision for loan and lease losses
  • $133Total noninterest income
  • $0Fiduciary activities
  • $157Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$24Additional noninterest income
  • $2,229Total noninterest expense
  • $1,036Salaries and employee benefits
  • $170Premises and equipment expense
  • $1,023Additional noninterest expense
  • $794Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $792Income before extraordinary items
  • $0Extraordinary gains - net
  • $792Net income attributable to bank
  • $0Net charge-offs
  • $792Cash dividends
  • $195Sale, conversion, retirement of capital stock, net
  • $561Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 2.17%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 59.49%Credit loss provision to net charge-offs
  • 4.67%Efficiency ratio
  • 71,010Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.83%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 118.11%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 69.38%Net loans and leases to core deposits
  • 79.81%Equity capital to assets
  • 13.39%Core capital (leverage) ratio
  • 11.74%Tier 1 risk-based capital ratio
  • 16.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $80,736Average earning assets
  • $10,666Average equity
  • $76,222Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01044First Farmers & Merchants State Bank106 W Main St, Brownsdale, MN 55918Febuary 08, 1908Full Service Brick and Mortar
    242567Austin Branch128 N Main St, Austin, MN 55912January 01, 1887Full Service Brick and Mortar
    3441636Sargeant Branch103 Main St Sw, Sargeant, MN 55973August 06, 1993Full Service Brick and Mortar

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Farmers & Merchants State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents