Farmers and Merchants State Bank of Alpha - Overview
General
FDIC Certificate #: 10571 Status: Active Federal Reserve ID: 388753 Date Established: August 01, 1911 WWW:http://www.famstatebankofalpha.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 #: 6772 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: No 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: 210 North Main Street, Alpha, MN 56111 County: Jackson Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $29.7 mil Equity capital: $3.3 mil Deposits held in domestic offices: $26.4 mil Return on assets (ROA): 0.56% ($0.2 mil) Quarterly return on assets: 0.46% ($0.1 mil) Return on Equity (ROE): 5.37% ($0.2 mil) Quarterly return on equity: 4.30% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.87% ($258.6 mil) Quarterly Pretax return on assets: 0.74% ($219.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$29,721Total assets
$5,609Cash and due from depository institutions
$5,302Interest-bearing balances
$1,515Securities
$849Federal funds sold & reverse repurchase agreements
$20,975Net loans & leases
$349Loan loss allowance
$0Trading account assets
$114Bank premises and fixed assets
$162Other real estate owned
$0Goodwill and other intangibles
$29,722Life insurance assets
$497All other assets
$26,455Total liabilities and capital
$26,395Total liabilities
$22,574Total deposits
$26,395Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$60Subordinated debt
$3,267All other liabilities
$3,267Total equity capital
$3,267Total bank equity capital
$0Perpetual preferred stock
$75Common stock
$2,425Surplus
$767Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$606Income earned, not collected on loans
$0Earning assets
$369Long-term assets (5+ years)
$28,641Average Assets, year-to-date
$856Average Assets, quarterly
$30,475Volatile liabilities
$30,458Insider loans
$20,107FHLB advances
$30,235Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,246Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,215Restructured Loans and leases
$33Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,352Total interest income
$361Total interest expense
$991Net interest income
$30Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$102Service charges on deposit accounts
$0Trading account gains & fees
$67Additional noninterest income
$864Total noninterest expense
$503Salaries and employee benefits
$107Premises and equipment expense
$254Additional noninterest expense
$266Pre-tax net operating income
$0Securities gains (losses)
$95Applicable income taxes
$171Income before extraordinary items
$0Extraordinary gains - net
$171Net income attributable to bank
$0Net charge-offs
$171Cash dividends
-$49Sale, conversion, retirement of capital stock, net
$12Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.64%Yield on earning assets
1.24%Cost of funding earning assets
3.40%Net interest margin
0.58%Noninterest income to earning assets
2.97%Noninterest expense to earning assets
0.56%Net operating income to assets
0.56%Return on assets (ROA)
0.87%Pretax return on assets
5.37%Return on equity (ROE)
5.00%Retained earnings to average equity (YTD only)
-0.24%Net charge-offs to loans
-61.22%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,483Assets per employee
3.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.02%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
57.59%Noncurrent assets plus other real estate owned to assets
2.58%Noncurrent loans to loans
2.84%Net loans and leases to deposits
79.47%Net loans and leases to core deposits
86.48%Equity capital to assets
10.99%Core capital (leverage) ratio
10.74%Tier 1 risk-based capital ratio
16.14%Total risk-based capital ratio
Memoranda
$17Average assets
$30,475Average earning assets
$3,182Average equity
$29,132Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6772
Farmers And Merchants State Bank Of
210 North Main Street, Alpha, MN 56111
August 01, 1911
Full Service Brick and Mortar
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