The Farmers & Merchants State Bank in Archbold, Ohio (OH), IN



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The Farmers & Merchants State Bank
GeneralFDIC Certificate #: 5969
Status: Active
Federal Reserve ID: 214414
Bank Holding Company (Regulatory Top Holder): Farmers & Merchants Bancorp, Inc. (RSSDID: 1134630, Location: Archbold, OH)
Date Established: April 01, 1897
WWW: http://www.fm-bank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 20 (Domestic: 20, Interstate: Yes)
OTS Docket #: 9553
FDIC's unique #: 4050
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 09, 2010
Last Structure Change Process Date: July 16, 2010
Last Data Update: July 16, 2010
Data Source Date: April 05, 2012
LocationAddress: 307-11 Defiance Street, Archbold, OH 43502
County: Fulton
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Toledo, OH (#8400)
Combined Statistical Area (CSA): Toledo-Fremont, OH (#534)
Core Based Statistical Area (CBSA): Toledo, OH (#45780)
CBSA Metro Statistical Area: Toledo, OH (#45780)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $923.0 mil
Equity capital: $89.2 mil
Deposits held in domestic offices: $740.4 mil
Return on assets (ROA): 0.92% ($8.5 mil)
Quarterly return on assets: 1.24% ($11.4 mil)
Return on Equity (ROE): 9.97% ($8.9 mil)
Quarterly return on equity: 12.79% ($11.4 mil)
Net income: $8.4 mil
Quarterly Net income: $2.8 mil
Pretax return on assets: 1.23% ($11,352.6 mil)
Quarterly Pretax return on assets: 1.71% ($15,782.9 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)
Total employees (full-time equivalent)261
Total assets$922,979
Cash and due from depository institutions$31,609
Interest-bearing balances$14,046
Securities$327,519
Federal funds sold & reverse repurchase agreements$11,534
Net loans & leases$501,124
Loan loss allowance $5,091
Trading account assets$0
Bank premises and fixed assets$16,984
Other real estate owned$3,572
Goodwill and other intangibles$7,471
All other assets$23,166
Life insurance assets$922,979
Total liabilities and capital$833,801
Total liabilities$740,366
Total deposits$654,815
Interest-bearing deposits$740,366
Deposits held in domestic offices$86
% insured (estimated)52440.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,662
Other borrowed funds $15,000
Subordinated debt $9,333
All other liabilities $89,178
Total equity capital$89,178
Total bank equity capital$89,178
Perpetual preferred stock$0
Common stock$1,300
Surplus$4,700
Undivided profits $83,178
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $988
Income earned, not collected on loans $2,131
Earning assets $0
Long-term assets (5+ years) $3,218
Average Assets, year-to-date $854,223
Average Assets, quarterly $245,187
Volatile liabilities $912,770
Insider loans $915,343
FHLB advances $595,699
Loans and leases held for sale $912,719
Unused loan commitments $12,429
Tier 1 (core) risk-based capital $6,165
Tier 2 risk-based capital $77,397
Total risk weighted assets $0
Total unused commitments $6,264
Restructured Loans and leases $160,750
Derivatives$11,939
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $36,658
Total interest expense $8,867
Net interest income $27,791
Provision for loan and lease losses $1,715
Total noninterest income $6,337
Fiduciary activities $0
Service charges on deposit accounts $3,385
Trading account gains & fees $0
Additional noninterest income $2,952
Total noninterest expense $21,724
Salaries and employee benefits $11,838
Premises and equipment expense $2,880
Additional noninterest expense $7,006
Pre-tax net operating income $10,689
Securities gains (losses) $504
Applicable income taxes $2,821
Income before extraordinary items $8,372
Extraordinary gains - net $0
Net income attributable to bank $8,372
Net charge-offs $0
Cash dividends $8,372
Sale, conversion, retirement of capital stock, net $2,330
Net operating income $4,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.34%
Cost of funding earning assets 1.05%
Net interest margin 3.29%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 2.57%
Net operating income to assets 0.88%
Return on assets (ROA) 0.92%
Pretax return on assets 1.23%
Return on equity (ROE) 9.97%
Retained earnings to average equity (YTD only) 5.20%
Net charge-offs to loans 0.46%
Credit loss provision to net charge-offs 73.61%
Efficiency ratio5.32%
Assets per employee$62,740
Cash dividends to net income (YTD only)3.54%
Condition Ratios (%)
Loss allowance to loans 47.78%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 238.90%
Noncurrent loans to loans 0.62%
Net loans and leases to deposits0.42%
Net loans and leases to core deposits 67.69%
Equity capital to assets 74.78%
Core capital (leverage) ratio 9.66%
Tier 1 risk-based capital ratio 8.48%
Total risk-based capital ratio 12.99%
Memoranda
Average assets$14
Average earning assets$912,770
Average equity $84,009
Average loans $845,078
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4 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
159131Butler Branch200 South Broadway, Butler, IN 46721July 18, 1934Full Service Brick and Mortar
16231798St. Joe BranchWidney And Washington Streets, St. Joe, IN 46785June 23, 1975Full Service Brick and Mortar
17231799Auburn Branch403 Erie Pass, Auburn, IN 46706August 20, 1996Full Service Brick and Mortar
19480078Angola Branch2310 North Wayne Street, Angola, IN 46703August 07, 2008Full Service Brick and Mortar
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16 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04050The Farmers & Merchants State Bank307-11 Defiance Street, Archbold, OH 43502April 01, 1897Full Service Brick and Mortar
1208564Wauseon Branch1130 North Shoop Avenue, Wauseon, OH 43567November 16, 1973Full Service Brick and Mortar
2208565Wauseon Downtown Branch119 North Fulton Street, Wauseon, OH 43567August 18, 1978Full Service Brick and Mortar
3208566Woodland Branch1313 S Defiance Street, Archbold, OH 43502April 15, 1980Full Service Brick and Mortar
4208567Stryker Branch300 South Defiance Street, Stryker, OH 43557March 20, 1981Full Service Brick and Mortar
5208568West Unity Branch200 West Jackson Street, West Unity, OH 43570October 13, 1981Full Service Brick and Mortar
6208569Delta Branch101 Main Street, Delta, OH 43515June 28, 1985Full Service Brick and Mortar
7208570Bryan Branch929 East High Street, Bryan, OH 43506December 30, 1985Full Service Brick and Mortar
8208571South Main Branch1000 South Main Street, Bryan, OH 43506June 01, 1992Full Service Brick and Mortar
10208573Napoleon Branch2255 North Scott Street, Napoleon, OH 43545Febuary 10, 1995Full Service Brick and Mortar
11208574Eastside Branch1150 E Main St, Montpelier, OH 43543June 22, 1998Full Service Brick and Mortar
12358409Swanton Branch7 Turtle Creek Circle, Swanton, OH 43558November 01, 1999Full Service Brick and Mortar
13360938Defiance Branch1175 Hotel Drive, Defiance, OH 43512July 30, 2001Full Service Brick and Mortar
14418878Operations Center Branch620 S Clydes Way, Archbold, OH 43502March 03, 2003Full Service Brick and Mortar
18470131Perrysburg Branch7001 Lighthouse Way, Perrysburg, OH 43551November 21, 2007Full Service Brick and Mortar
20469973Hicksville Branch100 North Main Street, Hicksville, OH 43526January 15, 1960Full Service Brick and Mortar
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