The Farmers and Merchants State Bank in Scotland, South Dakota (SD)
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| The Farmers and Merchants State Bank | |
|---|---|
| General | FDIC Certificate #: 13999 Status: Active Federal Reserve ID: 425050 Bank Holding Company (Regulatory Top Holder): Scotland Holding Company (RSSDID: 1127856, Location: Scotland, SD) Date Established: March 06, 1934 WWW: http://www.fmsbscotland.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 8755 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: March 06, 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: 550 Main Street, Scotland, SD 57059 County: Bon Homme Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $25.7 mil Equity capital: $2.7 mil Deposits held in domestic offices: $22.9 mil Return on assets (ROA): 0.36% ($0.1 mil) Quarterly return on assets: -0.21% (-$0.1 mil) Return on Equity (ROE): 3.39% ($0.1 mil) Quarterly return on equity: -1.93% (-$0.1 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.38% ($97.8 mil) Quarterly Pretax return on assets: -0.22% (-$56.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $25,744 |
| Cash and due from depository institutions | $2,523 |
| Interest-bearing balances | $0 |
| Securities | $10,672 |
| Federal funds sold & reverse repurchase agreements | $1,579 |
| Net loans & leases | $10,229 |
| Loan loss allowance | $139 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $164 |
| Other real estate owned | $20 |
| Goodwill and other intangibles | $0 |
| All other assets | $557 |
| Life insurance assets | $25,743 |
| Total liabilities and capital | $23,073 |
| Total liabilities | $22,880 |
| Total deposits | $19,656 |
| Interest-bearing deposits | $22,880 |
| 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 | $193 |
| All other liabilities | $2,670 |
| Total equity capital | $2,670 |
| Total bank equity capital | $2,670 |
| Perpetual preferred stock | $0 |
| Common stock | $60 |
| Surplus | $840 |
| Undivided profits | $1,770 |
| 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 | $316 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $259 |
| Average Assets, year-to-date | $22,480 |
| Average Assets, quarterly | $11,391 |
| Volatile liabilities | $24,493 |
| Insider loans | $25,242 |
| FHLB advances | $12,642 |
| Loans and leases held for sale | $25,421 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,485 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,903 |
| Derivatives | $48 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $994 |
| Total interest expense | $170 |
| Net interest income | $824 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $109 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $105 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4 |
| Total noninterest expense | $840 |
| Salaries and employee benefits | $519 |
| Premises and equipment expense | $132 |
| Additional noninterest expense | $189 |
| Pre-tax net operating income | $93 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $88 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $88 |
| Net charge-offs | $0 |
| Cash dividends | $88 |
| Sale, conversion, retirement of capital stock, net | $1 |
| Net operating income | $30 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.65% |
| Cost of funding earning assets | 0.79% |
| Net interest margin | 3.85% |
| Noninterest income to earning assets | 0.51% |
| Noninterest expense to earning assets | 3.93% |
| Net operating income to assets | 0.36% |
| Return on assets (ROA) | 0.36% |
| Pretax return on assets | 0.38% |
| Return on equity (ROE) | 3.39% |
| Retained earnings to average equity (YTD only) | 2.24% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 93.00% |
| Assets per employee | $90,032 |
| Cash dividends to net income (YTD only) | 2.86% |
| Condition Ratios (%) | |
| Loss allowance to loans | 34.09% |
| Loss allowance to noncurrent loans | 1.34% |
| Noncurrent assets plus other real estate owned to assets | 43.99% |
| Noncurrent loans to loans | 1.31% |
| Net loans and leases to deposits | 3.05% |
| Net loans and leases to core deposits | 44.71% |
| Equity capital to assets | 47.52% |
| Core capital (leverage) ratio | 10.37% |
| Tier 1 risk-based capital ratio | 9.78% |
| Total risk-based capital ratio | 19.66% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $24,493 |
| Average equity | $2,594 |
| Average loans | $21,398 |
| 1 South Dakota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8755 | The Farmers And Merchants State Bank | 550 Main Street, Scotland, SD 57059 | March 06, 1934 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.