First Farmers & Merchants National Bank in city_name, state_name

First Farmers & Merchants National Bank in Fairmont, Minnesota (MN)
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First Farmers & Merchants National Bank routing number info

First Farmers & Merchants National Bank - Overview

General
FDIC Certificate #: 33131
Status: Active
Federal Reserve ID: 1470150
Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
Date Established: September 07, 1990
WWW: http://www.ffmbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 46366
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 07, 1990
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: 114 South Park, Fairmont, MN 56031
County: Martin
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
Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $87.5 mil
Equity capital: $10.8 mil
Deposits held in domestic offices: $69.2 mil
Return on assets (ROA): 1.60% ($1.4 mil)
Quarterly return on assets: 2.08% ($1.8 mil)
Return on Equity (ROE): 12.72% ($1.4 mil)
Quarterly return on equity: 16.63% ($1.8 mil)
Net income: $1.3 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.60% ($1,400.1 mil)
Quarterly Pretax return on assets: 2.08% ($1,820.2 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
15Total employees (full-time equivalent)
$87,508Total assets
$2,752Cash and due from depository institutions
$530Interest-bearing balances
$10,752Securities
$0Federal funds sold & reverse repurchase agreements
$71,954Net loans & leases
$853Loan loss allowance
$0Trading account assets
$552Bank premises and fixed assets
$325Other real estate owned
$0Goodwill and other intangibles
$87,508Life insurance assets
$1,173All other assets
$76,731Total liabilities and capital
$69,176Total liabilities
$58,232Total deposits
$69,176Interest-bearing deposits
$86Deposits held in domestic offices
6208.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$347Subordinated debt
$10,777All other liabilities
$10,777Total equity capital
$10,777Total bank equity capital
$0Perpetual preferred stock
$1,445Common stock
$3,176Surplus
$6,156Undivided profits
Memoranda
$0Noncurrent loans and leases
$65Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$923Income earned, not collected on loans
$0Earning assets
$452Long-term assets (5+ years)
$83,236Average Assets, year-to-date
$5,070Average Assets, quarterly
$83,809Volatile liabilities
$85,819Insider loans
$74,728FHLB advances
$84,619Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,383Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$18,513Restructured Loans and leases
$698Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,246Total interest income
$651Total interest expense
$3,595Net interest income
$110Provision for loan and lease losses
$176Total noninterest income
$0Fiduciary activities
$151Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$2,322Total noninterest expense
$1,108Salaries and employee benefits
$206Premises and equipment expense
$1,008Additional noninterest expense
$1,339Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$1,337Income before extraordinary items
$0Extraordinary gains - net
$1,337Net income attributable to bank
$0Net charge-offs
$1,337Cash dividends
$42Sale, conversion, retirement of capital stock, net
$1,038Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
0.81%Cost of funding earning assets
4.47%Net interest margin
0.22%Noninterest income to earning assets
2.89%Noninterest expense to earning assets
1.60%Net operating income to assets
1.60%Return on assets (ROA)
1.60%Pretax return on assets
12.72%Return on equity (ROE)
2.84%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
261.90%Credit loss provision to net charge-offs
34.50%Efficiency ratio
61,575Assets per employee
5.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.64%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
92.42%Noncurrent assets plus other real estate owned to assets
1.43%Noncurrent loans to loans
1.27%Net loans and leases to deposits
104.02%Net loans and leases to core deposits
128.13%Equity capital to assets
12.32%Core capital (leverage) ratio
12.27%Tier 1 risk-based capital ratio
13.89%Total risk-based capital ratio
Memoranda
$15Average assets
$83,809Average earning assets
$10,513Average equity
$80,419Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	46366	First Farmers & Merchants National B	114 South Park, Fairmont, MN 56031	September 07, 1990	Full Service Brick and Mortar
2	419205	St. Paul Branch	332 Minnesota Street, Saint Paul, MN 55101	April 11, 2003	Full Service Brick and Mortar

First Farmers & Merchants National Bank in Fairmont, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers & Merchants National 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:

First Farmers & Merchants National Bank in Fairmont, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Farmers & Merchants National 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:

First Farmers & Merchants National Bank in Fairmont, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches