FDIC Certificate #: 21728 Status: Active Federal Reserve ID: 677756 Bank Holding Company (Regulatory Top Holder): F & M Bancshares, Inc. (RSSDID: 2622219, Location: Langdon, ND) Date Established: August 12, 1974 WWW:http://www.fmbanklangdon.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 #: 15041 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: August 12, 1974 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: 816 Third Street, Langdon, ND 58249 County: Cavalier Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $71.6 mil Equity capital: $8.6 mil Deposits held in domestic offices: $62.1 mil Return on assets (ROA): 1.52% ($1.1 mil) Quarterly return on assets: 1.19% ($0.9 mil) Return on Equity (ROE): 12.38% ($1.1 mil) Quarterly return on equity: 9.64% ($0.9 mil) Net income: $1.0 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.62% ($1,159.8 mil) Quarterly Pretax return on assets: 1.27% ($909.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$71,593Total assets
$5,919Cash and due from depository institutions
$1,074Interest-bearing balances
$23,161Securities
$0Federal funds sold & reverse repurchase agreements
$40,548Net loans & leases
$308Loan loss allowance
$0Trading account assets
$656Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$71,593Life insurance assets
$1,309All other assets
$62,946Total liabilities and capital
$62,065Total liabilities
$48,348Total deposits
$62,065Interest-bearing deposits
$85Deposits held in domestic offices
331.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$250Trading liabilities
$0Other borrowed funds
$300Subordinated debt
$8,647All other liabilities
$8,647Total equity capital
$8,647Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$3,800Surplus
$4,647Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$108Income earned, not collected on loans
$0Earning assets
$974Long-term assets (5+ years)
$64,783Average Assets, year-to-date
$7,474Average Assets, quarterly
$67,034Volatile liabilities
$69,502Insider loans
$51,831FHLB advances
$68,896Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,486Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,862Restructured Loans and leases
$120Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,917Total interest income
$574Total interest expense
$2,343Net interest income
$0Provision for loan and lease losses
$158Total noninterest income
$0Fiduciary activities
$58Service charges on deposit accounts
$0Trading account gains & fees
$100Additional noninterest income
$1,415Total noninterest expense
$818Salaries and employee benefits
$138Premises and equipment expense
$459Additional noninterest expense
$1,086Pre-tax net operating income
$1Securities gains (losses)
$65Applicable income taxes
$1,022Income before extraordinary items
$0Extraordinary gains - net
$1,022Net income attributable to bank
$0Net charge-offs
$1,022Cash dividends
$310Sale, conversion, retirement of capital stock, net
$605Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
0.94%Cost of funding earning assets
3.85%Net interest margin
0.26%Noninterest income to earning assets
2.33%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
1.62%Pretax return on assets
12.38%Return on equity (ROE)
5.05%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.50%Efficiency ratio
56,577Assets per employee
5.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.20%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
285.19%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.26%Net loans and leases to deposits
65.33%Net loans and leases to core deposits
68.90%Equity capital to assets
12.08%Core capital (leverage) ratio
12.32%Tier 1 risk-based capital ratio
16.37%Total risk-based capital ratio
Memoranda
$17Average assets
$67,034Average earning assets
$8,257Average equity
$60,816Average loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15041
Farmers And Merchants State Bank
816 Third Street, Langdon, ND 58249
August 12, 1974
Full Service Brick and Mortar
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