United Farmers & Merchants State Bank in Morris, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


United Farmers & Merchants State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 13Total employees (full-time equivalent)
  • $37,434Total assets
  • $5,843Cash and due from depository institutions
  • $3,408Interest-bearing balances
  • $10,350Securities
  • $2,238Federal funds sold & reverse repurchase agreements
  • $16,121Net loans & leases
  • $192Loan loss allowance
  • $0Trading account assets
  • $1,156Bank premises and fixed assets
  • $0Other real estate owned
  • $370Goodwill and other intangibles
  • $37,434Life insurance assets
  • $1,356All other assets
  • $34,412Total liabilities and capital
  • $34,098Total liabilities
  • $28,080Total deposits
  • $34,098Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $314Subordinated debt
  • $3,022All other liabilities
  • $2,992Total equity capital
  • $2,992Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $2,175Surplus
  • $792Undivided profits
  • Memoranda
  • $30Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $61Income earned, not collected on loans
  • $0Earning assets
  • $212Long-term assets (5+ years)
  • $32,117Average Assets, year-to-date
  • $14,635Average Assets, quarterly
  • $35,820Volatile liabilities
  • $36,121Insider loans
  • $20,348FHLB advances
  • $36,350Loans and leases held for sale
  • $729Unused loan commitments
  • $729Tier 1 (core) risk-based capital
  • $2,469Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,368Restructured Loans and leases
  • $1,701Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,186Total interest income
  • $122Total interest expense
  • $1,064Net interest income
  • $12Provision for loan and lease losses
  • $594Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $452Additional noninterest income
  • $1,429Total noninterest expense
  • $821Salaries and employee benefits
  • $203Premises and equipment expense
  • $405Additional noninterest expense
  • $217Pre-tax net operating income
  • $104Securities gains (losses)
  • $75Applicable income taxes
  • $246Income before extraordinary items
  • $0Extraordinary gains - net
  • $239Net income attributable to bank
  • $7Net charge-offs
  • $246Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $90Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.85%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 3.45%Net interest margin
  • 1.93%Noninterest income to earning assets
  • 4.64%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 8.56%Return on equity (ROE)
  • 5.33%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 400.00%Credit loss provision to net charge-offs
  • 76.33%Efficiency ratio
  • 86,188Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.66%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 314.75%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 47.28%Net loans and leases to core deposits
  • 50.00%Equity capital to assets
  • 7.99%Core capital (leverage) ratio
  • 6.79%Tier 1 risk-based capital ratio
  • 12.13%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $35,820Average earning assets
  • $2,793Average equity
  • $30,802Average loans

List of branches

  • 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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