United Farmers & Merchants State Bank in Morris, Minnesota (MN)



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United Farmers & Merchants State Bank routing number info

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United Farmers & Merchants State Bank
GeneralFDIC Certificate #: 8209
Status: Active
Federal Reserve ID: 158554
Bank Holding Company (Regulatory Top Holder): Donnelly Bancshares, Inc. (RSSDID: 1127810, Location: Morris, MN)
Date Established: January 01, 1912
WWW: http://www.ufmsb.org
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12861
FDIC's unique #: 5233
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: 4 Atlantic Avenue, Morris, MN 56267
County: Stevens
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $37.4 mil
Equity capital: $3.0 mil
Deposits held in domestic offices: $34.1 mil
Return on assets (ROA): 0.67% ($0.2 mil)
Quarterly return on assets: 1.01% ($0.4 mil)
Return on Equity (ROE): 8.56% ($0.3 mil)
Quarterly return on equity: 12.22% ($0.4 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.88% ($329.4 mil)
Quarterly Pretax return on assets: 1.38% ($516.6 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)13
Total assets$37,434
Cash and due from depository institutions$5,843
Interest-bearing balances$3,408
Securities$10,350
Federal funds sold & reverse repurchase agreements$2,238
Net loans & leases$16,121
Loan loss allowance $192
Trading account assets$0
Bank premises and fixed assets$1,156
Other real estate owned$0
Goodwill and other intangibles$370
All other assets$1,356
Life insurance assets$37,434
Total liabilities and capital$34,412
Total liabilities$34,098
Total deposits$28,080
Interest-bearing deposits$34,098
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $314
All other liabilities $3,022
Total equity capital$2,992
Total bank equity capital$2,992
Perpetual preferred stock$0
Common stock$25
Surplus$2,175
Undivided profits $792
Memoranda
Noncurrent loans and leases $30
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $61
Earning assets $0
Long-term assets (5+ years) $212
Average Assets, year-to-date $32,117
Average Assets, quarterly $14,635
Volatile liabilities $35,820
Insider loans $36,121
FHLB advances $20,348
Loans and leases held for sale $36,350
Unused loan commitments $729
Tier 1 (core) risk-based capital $729
Tier 2 risk-based capital $2,469
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,368
Derivatives$1,701
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,186
Total interest expense $122
Net interest income $1,064
Provision for loan and lease losses $12
Total noninterest income $594
Fiduciary activities $0
Service charges on deposit accounts $142
Trading account gains & fees $0
Additional noninterest income $452
Total noninterest expense $1,429
Salaries and employee benefits $821
Premises and equipment expense $203
Additional noninterest expense $405
Pre-tax net operating income $217
Securities gains (losses) $104
Applicable income taxes $75
Income before extraordinary items $246
Extraordinary gains - net $0
Net income attributable to bank $239
Net charge-offs $7
Cash dividends $246
Sale, conversion, retirement of capital stock, net $3
Net operating income $90
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.85%
Cost of funding earning assets 0.40%
Net interest margin 3.45%
Noninterest income to earning assets 1.93%
Noninterest expense to earning assets 4.64%
Net operating income to assets 0.46%
Return on assets (ROA) 0.67%
Pretax return on assets 0.88%
Return on equity (ROE) 8.56%
Retained earnings to average equity (YTD only) 5.33%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 400.00%
Efficiency ratio76.33%
Assets per employee$86,188
Cash dividends to net income (YTD only)2.88%
Condition Ratios (%)
Loss allowance to loans 37.66%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 314.75%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.37%
Net loans and leases to core deposits 47.28%
Equity capital to assets 50.00%
Core capital (leverage) ratio 7.99%
Tier 1 risk-based capital ratio 6.79%
Total risk-based capital ratio 12.13%
Memoranda
Average assets$13
Average earning assets$35,820
Average equity $2,793
Average loans $30,802
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05233United Farmers & Merchants State Ban4 Atlantic Avenue, Morris, MN 56267January 01, 1912Full Service Brick and Mortar
136057Chokio Branch209 S Main St, Chokio, MN 56221November 07, 1986Full Service Brick and Mortar
2218126Donnelly Branch101 4th St, Donnelly, MN 56235Febuary 16, 1994Full Service Brick and Mortar
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