Farmers & Merchants State Bank of New York Mills, Incorporated
Farmers & Merchants State Bank of New York Mills, Incorporated in New York Mills, Minnesota (MN) Overview, Financial Summary, Detailed Financial Reports, Branches
Farmers & Merchants State Bank of New York Mills, Incorporated in New York Mills, Minnesota (MN)
Farmers & Merchants State Bank of New York Mills, Incorporated - Overview
General
FDIC Certificate #: 9340 Status: Active Federal Reserve ID: 721752 Bank Holding Company (Regulatory Top Holder): New York Mills Bancshares, Inc. (RSSDID: 1124202, Location: New York Mills, MN) Date Established: December 16, 1916 WWW:http://www.fmbanknym.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12477 FDIC's unique #: 5992 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending 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: Walker Avenue And Front Street, New York Mills, MN 56567 County: Otter Tail 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 Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $54.2 mil Equity capital: $8.1 mil Deposits held in domestic offices: $43.6 mil Return on assets (ROA): 0.78% ($0.4 mil) Quarterly return on assets: 0.66% ($0.4 mil) Return on Equity (ROE): 5.18% ($0.4 mil) Quarterly return on equity: 4.39% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.78% ($422.7 mil) Quarterly Pretax return on assets: 0.67% ($363.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$54,192Total assets
$2,385Cash and due from depository institutions
$1,113Interest-bearing balances
$21,986Securities
$0Federal funds sold & reverse repurchase agreements
$27,080Net loans & leases
$437Loan loss allowance
$0Trading account assets
$350Bank premises and fixed assets
$235Other real estate owned
$0Goodwill and other intangibles
$54,192Life insurance assets
$2,156All other assets
$46,067Total liabilities and capital
$43,582Total liabilities
$34,444Total deposits
$43,582Interest-bearing deposits
$85Deposits held in domestic offices
2029.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$456Subordinated debt
$8,125All other liabilities
$8,125Total equity capital
$8,125Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$3,700Surplus
$4,125Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$34Income earned, not collected on loans
$0Earning assets
$289Long-term assets (5+ years)
$50,179Average Assets, year-to-date
$16,398Average Assets, quarterly
$52,201Volatile liabilities
$53,855Insider loans
$42,049FHLB advances
$53,985Loans and leases held for sale
$1,421Unused loan commitments
$1,075Tier 1 (core) risk-based capital
$7,675Tier 2 risk-based capital
$0Total risk weighted assets
$346Total unused commitments
$3,378Restructured Loans and leases
$146Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,148Total interest income
$415Total interest expense
$1,733Net interest income
$80Provision for loan and lease losses
$274Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
$176Additional noninterest income
$1,515Total noninterest expense
$909Salaries and employee benefits
$133Premises and equipment expense
$473Additional noninterest expense
$412Pre-tax net operating income
-$5Securities gains (losses)
$1Applicable income taxes
$406Income before extraordinary items
$0Extraordinary gains - net
$406Net income attributable to bank
$0Net charge-offs
$406Cash dividends
$162Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.44%Yield on earning assets
0.86%Cost of funding earning assets
3.58%Net interest margin
0.57%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.79%Net operating income to assets
0.78%Return on assets (ROA)
0.78%Pretax return on assets
5.18%Return on equity (ROE)
5.18%Retained earnings to average equity (YTD only)
0.60%Net charge-offs to loans
49.38%Credit loss provision to net charge-offs
3.04%Efficiency ratio
75,486Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
1285.29%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.12%Net loans and leases to deposits
62.14%Net loans and leases to core deposits
67.48%Equity capital to assets
14.99%Core capital (leverage) ratio
14.22%Tier 1 risk-based capital ratio
18.25%Total risk-based capital ratio
Memoranda
$19Average assets
$52,201Average earning assets
$7,843Average equity
$48,395Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5992
Farmers & Merchants State Bank Of New York Mills, Incorporated
Walker Avenue And Front Street, New York Mills, MN 56567
December 16, 1916
Full Service Brick and Mortar
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Farmers & Merchants State Bank of New York Mills, Incorporated
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