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



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The Farmers & Merchants State Bank of Tolna routing number info

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The Farmers & Merchants State Bank of Tolna
GeneralFDIC 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
WWW: http://www.fmstbk.com
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)14
Total assets$54,710
Cash and due from depository institutions$8,770
Interest-bearing balances$0
Securities$12,150
Federal funds sold & reverse repurchase agreements$1,700
Net loans & leases$31,118
Loan loss allowance $222
Trading account assets$0
Bank premises and fixed assets$256
Other real estate owned$35
Goodwill and other intangibles$0
All other assets$681
Life insurance assets$54,710
Total liabilities and capital$48,686
Total liabilities$48,466
Total deposits$39,579
Interest-bearing deposits$48,466
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $220
All other liabilities $6,024
Total equity capital$6,024
Total bank equity capital$6,024
Perpetual preferred stock$0
Common stock$150
Surplus$1,400
Undivided profits $4,474
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $322
Earning assets $0
Long-term assets (5+ years) $576
Average Assets, year-to-date $44,968
Average Assets, quarterly $12,872
Volatile liabilities $53,818
Insider loans $54,119
FHLB advances $35,374
Loans and leases held for sale $54,513
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,541
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,214
Derivatives$65
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,265
Total interest expense $487
Net interest income $1,778
Provision for loan and lease losses $0
Total noninterest income $152
Fiduciary activities $0
Service charges on deposit accounts $101
Trading account gains & fees $0
Additional noninterest income $51
Total noninterest expense $1,477
Salaries and employee benefits $963
Premises and equipment expense $121
Additional noninterest expense $393
Pre-tax net operating income $453
Securities gains (losses) -$42
Applicable income taxes $23
Income before extraordinary items $388
Extraordinary gains - net $0
Net income attributable to bank $388
Net charge-offs $0
Cash dividends $388
Sale, conversion, retirement of capital stock, net $34
Net operating income $200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.89%
Cost of funding earning assets 1.05%
Net interest margin 3.84%
Noninterest income to earning assets 0.33%
Noninterest expense to earning assets 3.19%
Net operating income to assets 0.79%
Return on assets (ROA) 0.72%
Pretax return on assets 0.76%
Return on equity (ROE) 6.45%
Retained earnings to average equity (YTD only) 3.13%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio13.32%
Assets per employee$76,528
Cash dividends to net income (YTD only)3.91%
Condition Ratios (%)
Loss allowance to loans 51.55%
Loss allowance to noncurrent loans 0.71%
Noncurrent assets plus other real estate owned to assets 68.94%
Noncurrent loans to loans 0.65%
Net loans and leases to deposits1.03%
Net loans and leases to core deposits 64.21%
Equity capital to assets 66.34%
Core capital (leverage) ratio 11.01%
Tier 1 risk-based capital ratio 10.16%
Total risk-based capital ratio 15.66%
Memoranda
Average assets$16
Average earning assets$53,818
Average equity $6,012
Average loans $46,355
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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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