The Farmers and Merchants State Bank in Wakefield, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2010

  • The Farmers and Merchants State Bank in Wakefield, Kansas (KS)
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The Farmers and Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 1871
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: The Riley State Bank of Riley, Kansas (#16120)
    Federal Reserve ID: 70254
    Date Established: January 01, 1908
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 52587
    FDIC's unique #: 1247
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 2010
    Last Structure Change Process Date: July 02, 2010
    Last Data Update: July 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 711 Elm Street, Wakefield, KS 67487
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Hays
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $22.2 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, 2009)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $24,080Total assets
  • $1,497Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,343Securities
  • $105Federal funds sold & reverse repurchase agreements
  • $9,394Net loans & leases
  • $165Loan loss allowance
  • $0Trading account assets
  • $951Bank premises and fixed assets
  • $261Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $529All other assets
  • $24,079Total liabilities and capital
  • $21,975Total liabilities
  • $17,965Total deposits
  • $14,490Interest-bearing deposits
  • $17,965Deposits held in domestic offices
  • 83.31%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,945Other borrowed funds
  • $0Subordinated debt
  • $65All other liabilities
  • $2,104Total equity capital
  • $2,104Total bank equity capital
  • $2,104Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $200Undivided profits
  • Memoranda
  • $1,854Noncurrent loans and leases
  • $928Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $88Earning assets
  • $0Long-term assets (5+ years)
  • $163Average Assets, year-to-date
  • $20,842Average Assets, quarterly
  • $6,023Volatile liabilities
  • $22,892Insider loans
  • $23,980FHLB advances
  • $6,222Loans and leases held for sale
  • $228Unused loan commitments
  • $3,945Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $928Total unused commitments
  • $0Restructured Loans and leases
  • $165Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,152Total interest income
  • $318Total interest expense
  • $834Net interest income
  • $363Provision for loan and lease losses
  • $147Total noninterest income
  • $0Fiduciary activities
  • $119Service charges on deposit accounts
  • $0Trading account gains & fees
  • $28Additional noninterest income
  • $680Total noninterest expense
  • $361Salaries and employee benefits
  • $85Premises and equipment expense
  • $234Additional noninterest expense
  • -$62Pre-tax net operating income
  • $0Securities gains (losses)
  • $9Applicable income taxes
  • -$71Income before extraordinary items
  • $0Extraordinary gains - net
  • -$71Net income attributable to bank
  • $0Net charge-offs
  • -$71Cash dividends
  • $334Sale, conversion, retirement of capital stock, net
  • $155Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • -0.31%Net operating income to assets
  • -0.31%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -3.31%Return on equity (ROE)
  • -10.52%Retained earnings to average equity (YTD only)
  • 3.18%Net charge-offs to loans
  • 108.68%Credit loss provision to net charge-offs
  • 0.90%Efficiency ratio
  • 69,317Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -218.31%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 187.50%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 0.92%Net loans and leases to deposits
  • 52.29%Net loans and leases to core deposits
  • 70.56%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 13.47%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $22,892Average earning assets
  • $2,148Average equity
  • $20,852Average loans

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