The Farmers & Merchants State Bank in Archbold, Ohio (OH), IN
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| The Farmers & Merchants State Bank | |
|---|---|
| General | FDIC 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 |
| Location | Address: 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 Changes | Office Purchased |
| Financial Summary | Total 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.34% |
| 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 ratio | 5.32% |
| 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 deposits | 0.42% |
| 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 |
| 4 Indiana Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 15 | 9131 | Butler Branch | 200 South Broadway, Butler, IN 46721 | July 18, 1934 | Full Service Brick and Mortar |  |
| 16 | 231798 | St. Joe Branch | Widney And Washington Streets, St. Joe, IN 46785 | June 23, 1975 | Full Service Brick and Mortar | |
| 17 | 231799 | Auburn Branch | 403 Erie Pass, Auburn, IN 46706 | August 20, 1996 | Full Service Brick and Mortar | |
| 19 | 480078 | Angola Branch | 2310 North Wayne Street, Angola, IN 46703 | August 07, 2008 | Full Service Brick and Mortar | |
| 16 Ohio Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4050 | The Farmers & Merchants State Bank | 307-11 Defiance Street, Archbold, OH 43502 | April 01, 1897 | Full Service Brick and Mortar |  |
| 1 | 208564 | Wauseon Branch | 1130 North Shoop Avenue, Wauseon, OH 43567 | November 16, 1973 | Full Service Brick and Mortar | |
| 2 | 208565 | Wauseon Downtown Branch | 119 North Fulton Street, Wauseon, OH 43567 | August 18, 1978 | Full Service Brick and Mortar | |
| 3 | 208566 | Woodland Branch | 1313 S Defiance Street, Archbold, OH 43502 | April 15, 1980 | Full Service Brick and Mortar | |
| 4 | 208567 | Stryker Branch | 300 South Defiance Street, Stryker, OH 43557 | March 20, 1981 | Full Service Brick and Mortar | |
| 5 | 208568 | West Unity Branch | 200 West Jackson Street, West Unity, OH 43570 | October 13, 1981 | Full Service Brick and Mortar | |
| 6 | 208569 | Delta Branch | 101 Main Street, Delta, OH 43515 | June 28, 1985 | Full Service Brick and Mortar | |
| 7 | 208570 | Bryan Branch | 929 East High Street, Bryan, OH 43506 | December 30, 1985 | Full Service Brick and Mortar | |
| 8 | 208571 | South Main Branch | 1000 South Main Street, Bryan, OH 43506 | June 01, 1992 | Full Service Brick and Mortar | |
| 10 | 208573 | Napoleon Branch | 2255 North Scott Street, Napoleon, OH 43545 | Febuary 10, 1995 | Full Service Brick and Mortar | |
| 11 | 208574 | Eastside Branch | 1150 E Main St, Montpelier, OH 43543 | June 22, 1998 | Full Service Brick and Mortar | |
| 12 | 358409 | Swanton Branch | 7 Turtle Creek Circle, Swanton, OH 43558 | November 01, 1999 | Full Service Brick and Mortar | |
| 13 | 360938 | Defiance Branch | 1175 Hotel Drive, Defiance, OH 43512 | July 30, 2001 | Full Service Brick and Mortar | |
| 14 | 418878 | Operations Center Branch | 620 S Clydes Way, Archbold, OH 43502 | March 03, 2003 | Full Service Brick and Mortar | |
| 18 | 470131 | Perrysburg Branch | 7001 Lighthouse Way, Perrysburg, OH 43551 | November 21, 2007 | Full Service Brick and Mortar | |
| 20 | 469973 | Hicksville Branch | 100 North Main Street, Hicksville, OH 43526 | January 15, 1960 | Full Service Brick and Mortar | |
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