The Farmers and Merchants Bank in Boswell, Indiana (IN)



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The Farmers and Merchants Bank routing number info

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The Farmers and Merchants Bank
GeneralFDIC 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
WWW: http://www.fmbank.org
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)25
Total assets$106,463
Cash and due from depository institutions$21,054
Interest-bearing balances$17,047
Securities$19,427
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$63,046
Loan loss allowance $1,729
Trading account assets$0
Bank premises and fixed assets$1,038
Other real estate owned$122
Goodwill and other intangibles$0
All other assets$1,776
Life insurance assets$106,463
Total liabilities and capital$94,243
Total liabilities$91,800
Total deposits$80,682
Interest-bearing deposits$91,800
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,321
Other borrowed funds $0
Subordinated debt $122
All other liabilities $12,220
Total equity capital$12,220
Total bank equity capital$12,220
Perpetual preferred stock$0
Common stock$653
Surplus$1,888
Undivided profits $9,679
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 $969
Earning assets $0
Long-term assets (5+ years) $1,209
Average Assets, year-to-date $99,520
Average Assets, quarterly $33,584
Volatile liabilities $106,741
Insider loans $105,835
FHLB advances $67,439
Loans and leases held for sale $109,589
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,973
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,493
Derivatives$3,346
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,647
Total interest expense $792
Net interest income $3,855
Provision for loan and lease losses $90
Total noninterest income $414
Fiduciary activities $4
Service charges on deposit accounts $371
Trading account gains & fees $0
Additional noninterest income $39
Total noninterest expense $2,843
Salaries and employee benefits $1,593
Premises and equipment expense $264
Additional noninterest expense $986
Pre-tax net operating income $1,336
Securities gains (losses) $34
Applicable income taxes $438
Income before extraordinary items $932
Extraordinary gains - net $0
Net income attributable to bank $932
Net charge-offs $0
Cash dividends $932
Sale, conversion, retirement of capital stock, net -$61
Net operating income $359
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.59%
Cost of funding earning assets 0.78%
Net interest margin 3.81%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.81%
Net operating income to assets 0.85%
Return on assets (ROA) 0.87%
Pretax return on assets 1.28%
Return on equity (ROE) 7.84%
Retained earnings to average equity (YTD only) 4.82%
Net charge-offs to loans -0.09%
Credit loss provision to net charge-offs -147.54%
Efficiency ratio0.00%
Assets per employee$66,596
Cash dividends to net income (YTD only)4.26%
Condition Ratios (%)
Loss allowance to loans 38.52%
Loss allowance to noncurrent loans 2.67%
Noncurrent assets plus other real estate owned to assets 178.43%
Noncurrent loans to loans 1.02%
Net loans and leases to deposits1.50%
Net loans and leases to core deposits 68.68%
Equity capital to assets 70.93%
Core capital (leverage) ratio 11.48%
Tier 1 risk-based capital ratio 10.93%
Total risk-based capital ratio 17.75%
Memoranda
Average assets$19
Average earning assets$106,741
Average equity $11,891
Average loans $101,222
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,378
Number of Accounts1
Personal trust and agency accounts$4,020
Employee benefit-defined contribution accounts$1,144
Employee benefit-defined benefit accounts$1,151
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$1,725
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts52
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,358
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$2,358
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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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