The Farmers and Merchants Bank in Boswell, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 1843
    Status: Active
    Federal Reserve ID: 629746
    Bank Holding Company (Regulatory Top Holder): Farmers & Merchants Bancorp, The (RSSDID: 1135507, Location: Boswell, IN)
    Date Established: April 23, 1903
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13095
    FDIC's unique #: 1228
    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: No
    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: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: U.S. Highway 41 And Spies Street, Boswell, IN 47921
    County: Benton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Lafayette-Frankfort, IN (#320)
    Core Based Statistical Area (CBSA): Lafayette, IN (#29140)
    CBSA Metro Statistical Area: Lafayette, IN (#29140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $106.5 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $91.8 mil
    Return on assets (ROA): 0.87% ($0.9 mil)
    Quarterly return on assets: 1.00% ($1.1 mil)
    Return on Equity (ROE): 7.84% ($0.9 mil)
    Quarterly return on equity: 8.65% ($1.0 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.28% ($1,362.7 mil)
    Quarterly Pretax return on assets: 1.50% ($1,596.9 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
  • 25Total employees (full-time equivalent)
  • $106,463Total assets
  • $21,054Cash and due from depository institutions
  • $17,047Interest-bearing balances
  • $19,427Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,046Net loans & leases
  • $1,729Loan loss allowance
  • $0Trading account assets
  • $1,038Bank premises and fixed assets
  • $122Other real estate owned
  • $0Goodwill and other intangibles
  • $106,463Life insurance assets
  • $1,776All other assets
  • $94,243Total liabilities and capital
  • $91,800Total liabilities
  • $80,682Total deposits
  • $91,800Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,321Trading liabilities
  • $0Other borrowed funds
  • $122Subordinated debt
  • $12,220All other liabilities
  • $12,220Total equity capital
  • $12,220Total bank equity capital
  • $0Perpetual preferred stock
  • $653Common stock
  • $1,888Surplus
  • $9,679Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $969Income earned, not collected on loans
  • $0Earning assets
  • $1,209Long-term assets (5+ years)
  • $99,520Average Assets, year-to-date
  • $33,584Average Assets, quarterly
  • $106,741Volatile liabilities
  • $105,835Insider loans
  • $67,439FHLB advances
  • $109,589Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,973Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,493Restructured Loans and leases
  • $3,346Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,647Total interest income
  • $792Total interest expense
  • $3,855Net interest income
  • $90Provision for loan and lease losses
  • $414Total noninterest income
  • $4Fiduciary activities
  • $371Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $2,843Total noninterest expense
  • $1,593Salaries and employee benefits
  • $264Premises and equipment expense
  • $986Additional noninterest expense
  • $1,336Pre-tax net operating income
  • $34Securities gains (losses)
  • $438Applicable income taxes
  • $932Income before extraordinary items
  • $0Extraordinary gains - net
  • $932Net income attributable to bank
  • $0Net charge-offs
  • $932Cash dividends
  • -$61Sale, conversion, retirement of capital stock, net
  • $359Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 7.84%Return on equity (ROE)
  • 4.82%Retained earnings to average equity (YTD only)
  • -0.09%Net charge-offs to loans
  • -147.54%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,596Assets per employee
  • 4.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.52%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 178.43%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 68.68%Net loans and leases to core deposits
  • 70.93%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 10.93%Tier 1 risk-based capital ratio
  • 17.75%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $106,741Average earning assets
  • $11,891Average equity
  • $101,222Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,378Managed Assets
  • 1Number of Accounts
  • $4,020Personal trust and agency accounts
  • $1,144Employee benefit-defined contribution accounts
  • $1,151Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,725Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 52Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,358Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,358Fiduciary accounts held in foreign offices

List of branches

  • 3 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01228The Farmers And Merchants BankU.S. Highway 41 And Spies Street, Boswell, IN 47921April 23, 1903Full Service Brick and Mortar
    1190215Otterbein BranchU.S. 52 And Maddox Road, Otterbein, IN 47970December 11, 1978Full Service Brick and Mortar
    3439289West Lebanon BranchHighway 28 And State Road 263, West Lebanon, IN 47991March 21, 2005Full Service Brick and Mortar

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