Farmers & Merchants State Bank of Wayne - Overview
General
FDIC Certificate #: 33235 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:F&M Bank (#14922) Federal Reserve ID: 1516348 Date Established: November 16, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11756 FDIC's unique #: 46674 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 16, 1990 Last Structure Change Effective Date: September 25, 2010 Last Structure Change Process Date: October 06, 2010 Last Data Update: October 06, 2010 Data Source Date: April 05, 2012
Location
Address: 321 Main, Wayne, NE 68787 County: Wayne Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $41.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
7Total employees (full-time equivalent)
$39,288Total assets
$3,502Cash and due from depository institutions
$155Interest-bearing balances
$6,347Securities
$2,000Federal funds sold & reverse repurchase agreements
$26,512Net loans & leases
$478Loan loss allowance
$0Trading account assets
$140Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$27Life insurance assets
$787All other assets
$39,288Total liabilities and capital
$35,643Total liabilities
$33,524Total deposits
$29,278Interest-bearing deposits
$33,524Deposits held in domestic offices
90.25%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,966Other borrowed funds
$0Subordinated debt
$153All other liabilities
$3,645Total equity capital
$3,645Total bank equity capital
$3,645Perpetual preferred stock
$0Common stock
$200Surplus
$2,600Undivided profits
Memoranda
$845Noncurrent loans and leases
$12,383Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$268Earning assets
$0Long-term assets (5+ years)
$413Average Assets, year-to-date
$35,014Average Assets, quarterly
$1,884Volatile liabilities
$38,989Insider loans
$38,932FHLB advances
$8,461Loans and leases held for sale
$1,686Unused loan commitments
$1,966Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,383Total unused commitments
$0Restructured Loans and leases
$354Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,090Total interest income
$653Total interest expense
$1,437Net interest income
$143Provision for loan and lease losses
$103Total noninterest income
$0Fiduciary activities
$54Service charges on deposit accounts
$0Trading account gains & fees
$49Additional noninterest income
$929Total noninterest expense
$441Salaries and employee benefits
$80Premises and equipment expense
$408Additional noninterest expense
$468Pre-tax net operating income
$0Securities gains (losses)
$16Applicable income taxes
$452Income before extraordinary items
$0Extraordinary gains - net
$452Net income attributable to bank
$0Net charge-offs
$452Cash dividends
$83Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
1.79%Cost of funding earning assets
3.95%Net interest margin
0.28%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.20%Pretax return on assets
12.86%Return on equity (ROE)
7.17%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
172.29%Credit loss provision to net charge-offs
7.36%Efficiency ratio
60,325Assets per employee
5.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.25%Loss allowance to loans
1.77%Loss allowance to noncurrent loans
178.36%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.99%Net loans and leases to deposits
79.08%Net loans and leases to core deposits
105.78%Equity capital to assets
9.28%Core capital (leverage) ratio
9.15%Tier 1 risk-based capital ratio
12.43%Total risk-based capital ratio
Memoranda
$14Average assets
$38,989Average earning assets
$3,514Average equity
$36,381Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers & Merchants State Bank of Wayne.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: