Farmers and Merchants Bank in city_name, state_name - Detailed Financial Reports, Location

Farmers and Merchants Bank in Huron, South Dakota (SD)
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Farmers and Merchants Bank - Overview

General
FDIC Certificate #: 1126
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Marquette Bank South Dakota, National Association (#6079)
Federal Reserve ID: 347750
Date Established: January 01, 1918
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
OTS Docket #: 13505
FDIC's unique #: 768
Numeric code: 13
Regulator: FED
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: November 01, 1997
Last Structure Change Process Date: November 14, 1997
Last Data Update: November 14, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Huron, SD 57350
County: Beadle
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Huron, SD (#26700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $156.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$56Total assets
$155,981Cash and due from depository institutions
$3,097Interest-bearing balances
$44Securities
$46,126Federal funds sold & reverse repurchase agreements
$5,950Net loans & leases
$95,900Loan loss allowance
$1,206Trading account assets
$0Bank premises and fixed assets
$1,985Other real estate owned
$0Goodwill and other intangibles
$2,821Life insurance assets
$102All other assets
$0Total liabilities and capital
$155,981Total liabilities
$143,800Total deposits
$136,832Interest-bearing deposits
$122,586Deposits held in domestic offices
136832.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$800Trading liabilities
$0Other borrowed funds
$3,678Subordinated debt
$0All other liabilities
$2,490Total equity capital
$2,490Total bank equity capital
$12,181Perpetual preferred stock
$0Common stock
$1,106Surplus
$6,697Undivided profits
Memoranda
$4,378Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$356Income earned, not collected on loans
$1,424Earning assets
$148,020Long-term assets (5+ years)
$30,145Average Assets, year-to-date
$151,451Average Assets, quarterly
$151,616Volatile liabilities
$12,128Insider loans
$2,634FHLB advances
$0Loans and leases held for sale
$168Unused loan commitments
$17,840Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,042Total risk weighted assets
$115,932Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$11,570Total interest expense
$5,907Net interest income
$5,663Provision for loan and lease losses
$50Total noninterest income
$1,587Fiduciary activities
$284Service charges on deposit accounts
$681Trading account gains & fees
$0Additional noninterest income
$622Total noninterest expense
$4,538Salaries and employee benefits
$2,326Premises and equipment expense
$499Additional noninterest expense
$1,713Pre-tax net operating income
$2,662Securities gains (losses)
-$24Applicable income taxes
$848Income before extraordinary items
$1,790Extraordinary gains - net
$0Net income attributable to bank
$1,790Net charge-offs
$60Cash dividends
$10,722Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.09%Cost of funding earning assets
4.13%Net interest margin
3.96%Noninterest income to earning assets
1.11%Noninterest expense to earning assets
3.17%Net operating income to assets
1.19%Return on assets (ROA)
1.18%Pretax return on assets
1.74%Return on equity (ROE)
11.49%Retained earnings to average equity (YTD only)
-57.31%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
83.33%Efficiency ratio
62,290Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
598.99%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
338.76%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.37%Net loans and leases to deposits
70.09%Net loans and leases to core deposits
76.41%Equity capital to assets
7.81%Core capital (leverage) ratio
7.99%Tier 1 risk-based capital ratio
10.39%Total risk-based capital ratio
Memoranda
$11Average assets
$151,451Average earning assets
$15,584Average equity
$142,992Average loans

Farmers and Merchants Bank in Huron, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Farmers and Merchants Bank in Huron, South Dakota (SD)Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Farmers and Merchants Bank in Huron, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches