Farmers & Merchants Bank, Beach, North Dakota in Beach, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1996

Farmers & Merchants Bank, Beach, North Dakota in Beach, North Dakota (ND)
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Farmers & Merchants Bank, Beach, North Dakota - Overview

General
FDIC Certificate #: 10241
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3915)
Federal Reserve ID: 783554
Date Established: October 07, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 6565
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 01, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 12, 1996
Data Source Date: April 05, 2012
Location
Address: 111 Central Avenue South, Beach, ND 58621
County: Golden Valley
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
Financial Summary
Total assets: $45.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$45,465Cash and due from depository institutions
$1,125Interest-bearing balances
$0Securities
$19,169Federal funds sold & reverse repurchase agreements
$1,715Net loans & leases
$21,508Loan loss allowance
$120Trading account assets
$0Bank premises and fixed assets
$399Other real estate owned
$0Goodwill and other intangibles
$507Life insurance assets
$1,042All other assets
$0Total liabilities and capital
$45,465Total liabilities
$41,118Total deposits
$40,449Interest-bearing deposits
$37,093Deposits held in domestic offices
40449.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$191Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$478Total equity capital
$478Total bank equity capital
$4,347Perpetual preferred stock
$0Common stock
$400Surplus
$3,892Undivided profits
Memoranda
$55Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$49Income earned, not collected on loans
$402Earning assets
$42,392Long-term assets (5+ years)
$2,350Average Assets, year-to-date
$38,471Average Assets, quarterly
$44,507Volatile liabilities
$2,812Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,905Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,268Total risk weighted assets
$26,705Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$707Total interest expense
$438Net interest income
$269Provision for loan and lease losses
$30Total noninterest income
$31Fiduciary activities
$0Service charges on deposit accounts
$23Trading account gains & fees
$0Additional noninterest income
$8Total noninterest expense
$222Salaries and employee benefits
$93Premises and equipment expense
$17Additional noninterest expense
$112Pre-tax net operating income
$48Securities gains (losses)
$0Applicable income taxes
$30Income before extraordinary items
$18Extraordinary gains - net
$0Net income attributable to bank
$18Net charge-offs
$10Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
1.96%Cost of funding earning assets
1.21%Net interest margin
0.74%Noninterest income to earning assets
0.09%Noninterest expense to earning assets
0.61%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.12%Return on equity (ROE)
0.49%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
300.00%Efficiency ratio
66,667Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.55%Loss allowance to noncurrent loans
244.90%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.23%Net loans and leases to deposits
53.17%Net loans and leases to core deposits
56.86%Equity capital to assets
9.56%Core capital (leverage) ratio
7.36%Tier 1 risk-based capital ratio
12.24%Total risk-based capital ratio
Memoranda
$13Average assets
$38,471Average earning assets
$3,678Average equity
$36,139Average loans

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