The Farmers & Merchants State Bank of Tolna in Tolna, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Farmers & Merchants State Bank of Tolna in Tolna, North Dakota (ND)
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The Farmers & Merchants State Bank of Tolna - Overview

  • General
  • FDIC Certificate #: 8640
    Status: Active
    Federal Reserve ID: 954158
    Bank Holding Company (Regulatory Top Holder): Tolna Bancorp, Inc. (RSSDID: 1135039, Location: Tolna, ND)
    Date Established: August 01, 1917
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5511
    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: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 N. Main Street, Tolna, ND 58380
    County: Nelson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $54.7 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $48.5 mil
    Return on assets (ROA): 0.72% ($0.4 mil)
    Quarterly return on assets: 0.49% ($0.3 mil)
    Return on Equity (ROE): 6.45% ($0.4 mil)
    Quarterly return on equity: 4.35% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.76% ($415.8 mil)
    Quarterly Pretax return on assets: 0.49% ($268.1 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
  • 14Total employees (full-time equivalent)
  • $54,710Total assets
  • $8,770Cash and due from depository institutions
  • $0Interest-bearing balances
  • $12,150Securities
  • $1,700Federal funds sold & reverse repurchase agreements
  • $31,118Net loans & leases
  • $222Loan loss allowance
  • $0Trading account assets
  • $256Bank premises and fixed assets
  • $35Other real estate owned
  • $0Goodwill and other intangibles
  • $54,710Life insurance assets
  • $681All other assets
  • $48,686Total liabilities and capital
  • $48,466Total liabilities
  • $39,579Total deposits
  • $48,466Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $220Subordinated debt
  • $6,024All other liabilities
  • $6,024Total equity capital
  • $6,024Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,400Surplus
  • $4,474Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $322Income earned, not collected on loans
  • $0Earning assets
  • $576Long-term assets (5+ years)
  • $44,968Average Assets, year-to-date
  • $12,872Average Assets, quarterly
  • $53,818Volatile liabilities
  • $54,119Insider loans
  • $35,374FHLB advances
  • $54,513Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,541Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,214Restructured Loans and leases
  • $65Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,265Total interest income
  • $487Total interest expense
  • $1,778Net interest income
  • $0Provision for loan and lease losses
  • $152Total noninterest income
  • $0Fiduciary activities
  • $101Service charges on deposit accounts
  • $0Trading account gains & fees
  • $51Additional noninterest income
  • $1,477Total noninterest expense
  • $963Salaries and employee benefits
  • $121Premises and equipment expense
  • $393Additional noninterest expense
  • $453Pre-tax net operating income
  • -$42Securities gains (losses)
  • $23Applicable income taxes
  • $388Income before extraordinary items
  • $0Extraordinary gains - net
  • $388Net income attributable to bank
  • $0Net charge-offs
  • $388Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 6.45%Return on equity (ROE)
  • 3.13%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 13.32%Efficiency ratio
  • 76,528Assets per employee
  • 3.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.55%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 68.94%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 64.21%Net loans and leases to core deposits
  • 66.34%Equity capital to assets
  • 11.01%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 15.66%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $53,818Average earning assets
  • $6,012Average equity
  • $46,355Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05511The Farmers & Merchants State Bank O101 N. Main Street, Tolna, ND 58380August 01, 1917Full Service Brick and Mortar
    2362600Binford Branch307 Whinery Street, Binford, ND 58416December 03, 2001Full Service Brick and Mortar

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