Merchants State Bank of Lewisville in Lewisville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 2002

  • Merchants State Bank of Lewisville in Lewisville, Minnesota (MN)
  • Show street view No street view available for this location

Merchants State Bank of Lewisville - Overview

  • General
  • FDIC Certificate #: 8189
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers State Bank of Madelia, Incorporated (#10566)
    Federal Reserve ID: 956657
    Date Established: January 22, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5215
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 23, 2002
    Last Structure Change Process Date: October 08, 2002
    Last Data Update: October 08, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Lewisville, MN 56060
    County: Watonwan
    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
  • Financial Summary
  • Total assets: $10.6 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, 2001)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $11,972Total assets
  • $1,373Cash and due from depository institutions
  • $100Interest-bearing balances
  • $1,076Securities
  • $1,718Federal funds sold & reverse repurchase agreements
  • $7,447Net loans & leases
  • $434Loan loss allowance
  • $0Trading account assets
  • $150Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $208All other assets
  • $11,972Total liabilities and capital
  • $11,321Total liabilities
  • $11,243Total deposits
  • $10,245Interest-bearing deposits
  • $11,243Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $78All other liabilities
  • $651Total equity capital
  • $651Total bank equity capital
  • $651Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $750Undivided profits
  • Memoranda
  • $-199Noncurrent loans and leases
  • $1,393Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $552Earning assets
  • $0Long-term assets (5+ years)
  • $192Average Assets, year-to-date
  • $10,341Average Assets, quarterly
  • $367Volatile liabilities
  • $12,298Insider loans
  • $12,297FHLB advances
  • $643Loans and leases held for sale
  • $4Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,393Total unused commitments
  • $0Restructured Loans and leases
  • $100Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $909Total interest income
  • $452Total interest expense
  • $457Net interest income
  • $411Provision for loan and lease losses
  • $41Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $375Total noninterest expense
  • $216Salaries and employee benefits
  • $50Premises and equipment expense
  • $109Additional noninterest expense
  • -$288Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$289Income before extraordinary items
  • $0Extraordinary gains - net
  • -$289Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $46Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.04%Yield on earning assets
  • 4.00%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • -2.35%Net operating income to assets
  • -2.35%Return on assets (ROA)
  • -2.34%Pretax return on assets
  • -32.52%Return on equity (ROE)
  • -37.69%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 489.29%Credit loss provision to net charge-offs
  • 1.46%Efficiency ratio
  • 75,301Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -15.92%Loss allowance to loans
  • 5.51%Loss allowance to noncurrent loans
  • 78.62%Noncurrent assets plus other real estate owned to assets
  • 4.61%Noncurrent loans to loans
  • 7.00%Net loans and leases to deposits
  • 66.24%Net loans and leases to core deposits
  • 70.25%Equity capital to assets
  • 5.44%Core capital (leverage) ratio
  • 5.10%Tier 1 risk-based capital ratio
  • 7.98%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $12,298Average earning assets
  • $889Average equity
  • $11,310Average loans

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