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


The Farmers and Merchants State Bank of Argonia - Overview

  • General
  • FDIC Certificate #: 17719
    Status: Active
    Federal Reserve ID: 141453
    Bank Holding Company (Regulatory Top Holder): Farmers And Merchants Financial Corporation (RSSDID: 1059694, Location: Argonia, KS)
    Date Established: October 01, 1901
    WWW: http://www.farmersandmerchants.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 #: 11678
    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: Febuary 15, 1957
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 21, 2010
    Last Data Update: June 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 S Main Street, Argonia, KS 67004
    County: Sumner
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Wichita-Winfield, KS (#556)
    Core Based Statistical Area (CBSA): Wichita, KS (#48620)
    CBSA Metro Statistical Area: Wichita, KS (#48620)
  • History of Changes
  • Corrections
    Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $29.8 mil
    Equity capital: $2.2 mil
    Deposits held in domestic offices: $27.5 mil
    Return on assets (ROA): 0.58% ($0.2 mil)
    Quarterly return on assets: 1.14% ($0.3 mil)
    Return on Equity (ROE): 7.65% ($0.2 mil)
    Quarterly return on equity: 14.88% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.71% ($211.7 mil)
    Quarterly Pretax return on assets: 1.28% ($381.7 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
  • 13Total employees (full-time equivalent)
  • $29,823Total assets
  • $2,609Cash and due from depository institutions
  • $1,235Interest-bearing balances
  • $4,277Securities
  • $1,765Federal funds sold & reverse repurchase agreements
  • $19,407Net loans & leases
  • $256Loan loss allowance
  • $0Trading account assets
  • $806Bank premises and fixed assets
  • $395Other real estate owned
  • $0Goodwill and other intangibles
  • $29,823Life insurance assets
  • $564All other assets
  • $27,592Total liabilities and capital
  • $27,514Total liabilities
  • $24,188Total deposits
  • $27,514Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $78Subordinated debt
  • $2,231All other liabilities
  • $2,231Total equity capital
  • $2,231Total bank equity capital
  • $0Perpetual preferred stock
  • $329Common stock
  • $1,531Surplus
  • $371Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $45Income earned, not collected on loans
  • $0Earning assets
  • $347Long-term assets (5+ years)
  • $26,684Average Assets, year-to-date
  • $8,719Average Assets, quarterly
  • $27,689Volatile liabilities
  • $28,832Insider loans
  • $19,329FHLB advances
  • $28,974Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,120Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,008Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,512Total interest income
  • $273Total interest expense
  • $1,239Net interest income
  • $75Provision for loan and lease losses
  • $221Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $124Additional noninterest income
  • $1,226Total noninterest expense
  • $721Salaries and employee benefits
  • $155Premises and equipment expense
  • $350Additional noninterest expense
  • $159Pre-tax net operating income
  • $38Securities gains (losses)
  • $37Applicable income taxes
  • $160Income before extraordinary items
  • $0Extraordinary gains - net
  • $160Net income attributable to bank
  • $0Net charge-offs
  • $160Cash dividends
  • $195Sale, conversion, retirement of capital stock, net
  • $55Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 5.02%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.97%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 7.65%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 38.46%Credit loss provision to net charge-offs
  • 1.20%Efficiency ratio
  • 83,973Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.38%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 568.89%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 70.54%Net loans and leases to core deposits
  • 75.08%Equity capital to assets
  • 7.48%Core capital (leverage) ratio
  • 7.32%Tier 1 risk-based capital ratio
  • 10.97%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $27,689Average earning assets
  • $2,092Average equity
  • $24,659Average loans

List of branches

  • 2 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011678The Farmers And Merchants State Bank101 S Main Street, Argonia, KS 67004October 01, 1901Full Service Brick and Mortar
    1366310Schulte Branch1200 West K-42 Highway, Wichita, KS 67227January 22, 2003Full Service Brick and Mortar

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