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

Farmers and Merchants State Bank in Plankinton, South Dakota (SD)
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Farmers and Merchants State Bank routing number info

Farmers and Merchants State Bank - Overview

General
FDIC Certificate #: 501
Status: Active
Federal Reserve ID: 601153
Bank Holding Company (Regulatory Top Holder): Page Holding Company (RSSDID: 1363748, Location: Plankinton, SD)
Date Established: April 06, 1910
WWW: http://www.fmsbonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 362
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: 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: 101 South Main Street, Plankinton, SD 57368
County: Aurora
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
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $84.6 mil
Equity capital: $7.5 mil
Deposits held in domestic offices: $68.6 mil
Return on assets (ROA): 2.60% ($2.2 mil)
Quarterly return on assets: 2.47% ($2.1 mil)
Return on Equity (ROE): 27.49% ($2.2 mil)
Quarterly return on equity: 26.83% ($2.1 mil)
Net income: $2.0 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 2.70% ($2,283.8 mil)
Quarterly Pretax return on assets: 2.54% ($2,148.5 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
13Total employees (full-time equivalent)
$84,586Total assets
$3,515Cash and due from depository institutions
$1,575Interest-bearing balances
$6,791Securities
$375Federal funds sold & reverse repurchase agreements
$70,135Net loans & leases
$953Loan loss allowance
$0Trading account assets
$253Bank premises and fixed assets
$53Other real estate owned
$0Goodwill and other intangibles
$84,586Life insurance assets
$3,464All other assets
$77,065Total liabilities and capital
$68,619Total liabilities
$57,193Total deposits
$68,619Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,200Trading liabilities
$0Other borrowed funds
$246Subordinated debt
$7,521All other liabilities
$7,521Total equity capital
$7,521Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$3,800Surplus
$3,521Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$573Income earned, not collected on loans
$0Earning assets
$1,602Long-term assets (5+ years)
$78,876Average Assets, year-to-date
$9,306Average Assets, quarterly
$77,420Volatile liabilities
$82,504Insider loans
$72,197FHLB advances
$81,844Loans and leases held for sale
$1,167Unused loan commitments
$1,167Tier 1 (core) risk-based capital
$7,342Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$19,101Restructured Loans and leases
$4,130Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,293Total interest income
$732Total interest expense
$3,561Net interest income
$263Provision for loan and lease losses
$418Total noninterest income
$0Fiduciary activities
$322Service charges on deposit accounts
$0Trading account gains & fees
$96Additional noninterest income
$1,645Total noninterest expense
$1,085Salaries and employee benefits
$74Premises and equipment expense
$486Additional noninterest expense
$2,071Pre-tax net operating income
$21Securities gains (losses)
$81Applicable income taxes
$2,011Income before extraordinary items
$0Extraordinary gains - net
$2,011Net income attributable to bank
$0Net charge-offs
$2,011Cash dividends
$211Sale, conversion, retirement of capital stock, net
$1,401Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.94%Yield on earning assets
1.01%Cost of funding earning assets
4.93%Net interest margin
0.58%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
2.57%Net operating income to assets
2.60%Return on assets (ROA)
2.70%Pretax return on assets
27.49%Return on equity (ROE)
8.34%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
124.64%Credit loss provision to net charge-offs
11.06%Efficiency ratio
41,342Assets per employee
6.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.67%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
166.32%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.81%Net loans and leases to deposits
102.21%Net loans and leases to core deposits
122.04%Equity capital to assets
8.89%Core capital (leverage) ratio
8.97%Tier 1 risk-based capital ratio
10.17%Total risk-based capital ratio
Memoranda
$11Average assets
$77,420Average earning assets
$7,316Average equity
$72,241Average loans

List of branches

2 South Dakota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	362	Farmers And Merchants State Bank	101 South Main Street, Plankinton, SD 57368	April 06, 1910	Full Service Brick and Mortar
1	181723	White Lake Branch	Main Street, White Lake, SD 57383	July 16, 1941	Full Service Brick and Mortar

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

Farmers and Merchants State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

Farmers and Merchants State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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