Farmers and Merchants State Bank of Sacred Heart - Overview
General
FDIC Certificate #: 1901 Status: Active Federal Reserve ID: 762353 Bank Holding Company (Regulatory Top Holder): Poe Investment Company (RSSDID: 1122981, Location: Excelsior, MN) Date Established: March 04, 1905 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 #: 1267 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: 200 West Maple Street, Sacred Heart, MN 56285 County: Renville 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $26.0 mil Equity capital: $2.9 mil Deposits held in domestic offices: $23.0 mil Return on assets (ROA): 0.39% ($0.1 mil) Quarterly return on assets: 0.36% ($0.1 mil) Return on Equity (ROE): 3.36% ($0.1 mil) Quarterly return on equity: 3.16% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.41% ($106.6 mil) Quarterly Pretax return on assets: 0.40% ($104.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$25,992Total assets
$6,062Cash and due from depository institutions
$2,303Interest-bearing balances
$4,932Securities
$900Federal funds sold & reverse repurchase agreements
$12,740Net loans & leases
$170Loan loss allowance
$0Trading account assets
$575Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$25,992Life insurance assets
$783All other assets
$23,076Total liabilities and capital
$23,033Total liabilities
$16,298Total deposits
$23,033Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$43Subordinated debt
$2,916All other liabilities
$2,916Total equity capital
$2,916Total bank equity capital
$0Perpetual preferred stock
$140Common stock
$2,360Surplus
$416Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$49Income earned, not collected on loans
$0Earning assets
$208Long-term assets (5+ years)
$20,875Average Assets, year-to-date
$4,101Average Assets, quarterly
$24,517Volatile liabilities
$25,222Insider loans
$16,343FHLB advances
$25,627Loans and leases held for sale
$497Unused loan commitments
$497Tier 1 (core) risk-based capital
$2,836Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$54Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$936Total interest income
$254Total interest expense
$682Net interest income
$12Provision for loan and lease losses
$85Total noninterest income
$0Fiduciary activities
$55Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$654Total noninterest expense
$319Salaries and employee benefits
$69Premises and equipment expense
$266Additional noninterest expense
$101Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
$96Income before extraordinary items
$0Extraordinary gains - net
$96Net income attributable to bank
$0Net charge-offs
$96Cash dividends
$3Sale, conversion, retirement of capital stock, net
$65Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.29%Cost of funding earning assets
3.46%Net interest margin
0.43%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
0.39%Net operating income to assets
0.39%Return on assets (ROA)
0.41%Pretax return on assets
3.36%Return on equity (ROE)
1.08%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
37.67%Efficiency ratio
85,267Assets per employee
4.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.71%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
346.94%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.38%Net loans and leases to deposits
55.31%Net loans and leases to core deposits
57.59%Equity capital to assets
11.22%Core capital (leverage) ratio
11.07%Tier 1 risk-based capital ratio
17.35%Total risk-based capital ratio
Memoranda
$18Average assets
$24,517Average earning assets
$2,860Average equity
$19,701Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
1267
Farmers And Merchants State Bank Of
200 West Maple Street, Sacred Heart, MN 56285
March 04, 1905
Full Service Brick and Mortar
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