FDIC Certificate #: 19318 Status: Active Federal Reserve ID: 883753 Bank Holding Company (Regulatory Top Holder): Darwin Bancshares, Inc. (RSSDID: 1125571, Location: Darwin, MN) Date Established: December 18, 1907 WWW:http://www.fmpaynesville.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) FDIC's unique #: 13130 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: December 15, 1964 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: 125 East James Street, Paynesville, MN 56362 County: Stearns Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $25.1 mil Equity capital: $3.1 mil Deposits held in domestic offices: $22.0 mil Return on assets (ROA): 0.91% ($0.2 mil) Quarterly return on assets: 0.35% ($0.1 mil) Return on Equity (ROE): 7.69% ($0.2 mil) Quarterly return on equity: 2.88% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.91% ($228.7 mil) Quarterly Pretax return on assets: 0.35% ($88.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$25,136Total assets
$7,045Cash and due from depository institutions
$6,036Interest-bearing balances
$10,199Securities
$0Federal funds sold & reverse repurchase agreements
$7,226Net loans & leases
$186Loan loss allowance
$0Trading account assets
$215Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$25,136Life insurance assets
$451All other assets
$22,080Total liabilities and capital
$22,038Total liabilities
$18,081Total deposits
$22,038Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$42Subordinated debt
$3,056All other liabilities
$3,056Total equity capital
$3,056Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$1,250Surplus
$1,756Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$221Long-term assets (5+ years)
$23,461Average Assets, year-to-date
$7,156Average Assets, quarterly
$24,290Volatile liabilities
$25,005Insider loans
$9,100FHLB advances
$25,143Loans and leases held for sale
$147Unused loan commitments
$147Tier 1 (core) risk-based capital
$2,561Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$762Restructured Loans and leases
$33Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,012Total interest income
$118Total interest expense
$894Net interest income
$0Provision for loan and lease losses
$86Total noninterest income
$0Fiduciary activities
$75Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$763Total noninterest expense
$406Salaries and employee benefits
$182Premises and equipment expense
$175Additional noninterest expense
$217Pre-tax net operating income
$3Securities gains (losses)
$0Applicable income taxes
$220Income before extraordinary items
$0Extraordinary gains - net
$220Net income attributable to bank
$0Net charge-offs
$220Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$211Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.49%Yield on earning assets
0.52%Cost of funding earning assets
3.97%Net interest margin
0.38%Noninterest income to earning assets
3.39%Noninterest expense to earning assets
0.89%Net operating income to assets
0.91%Return on assets (ROA)
0.91%Pretax return on assets
7.69%Return on equity (ROE)
0.31%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,857Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.91%Loss allowance to loans
2.51%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
32.79%Net loans and leases to core deposits
33.24%Equity capital to assets
12.16%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
28.14%Total risk-based capital ratio
Memoranda
$29Average assets
$24,290Average earning assets
$2,861Average equity
$22,521Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
13130
Farmers And Merchants State Bank
125 East James Street, Paynesville, MN 56362
December 18, 1907
Full Service Brick and Mortar
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