First Farmers & Merchants State Bank in city_name, state_name

First Farmers & Merchants State Bank in Brownsdale, Minnesota (MN)
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First Farmers & Merchants State Bank routing number info

First Farmers & Merchants State Bank - Overview

General
FDIC Certificate #: 1600
Status: Active
Federal Reserve ID: 276654
Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
Date Established: Febuary 08, 1908
WWW: http://www.ffmbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 1044
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: 106 W Main St, Brownsdale, MN 55918
County: Mower
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Austin, MN (#12380)
CBSA Micro Statistical Area: Yes
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $84.3 mil
Equity capital: $11.3 mil
Deposits held in domestic offices: $68.9 mil
Return on assets (ROA): 0.98% ($0.8 mil)
Quarterly return on assets: 1.45% ($1.2 mil)
Return on Equity (ROE): 7.43% ($0.8 mil)
Quarterly return on equity: 10.50% ($1.2 mil)
Net income: $0.8 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.98% ($826.1 mil)
Quarterly Pretax return on assets: 1.46% ($1,230.7 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
19Total employees (full-time equivalent)
$84,293Total assets
$2,343Cash and due from depository institutions
$961Interest-bearing balances
$30,904Securities
$0Federal funds sold & reverse repurchase agreements
$47,804Net loans & leases
$613Loan loss allowance
$0Trading account assets
$778Bank premises and fixed assets
$1,258Other real estate owned
$304Goodwill and other intangibles
$84,293Life insurance assets
$902All other assets
$73,006Total liabilities and capital
$68,905Total liabilities
$58,456Total deposits
$68,905Interest-bearing deposits
$88Deposits held in domestic offices
3817.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$284Subordinated debt
$11,287All other liabilities
$11,287Total equity capital
$11,287Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$6,562Surplus
$4,625Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$519Income earned, not collected on loans
$0Earning assets
$500Long-term assets (5+ years)
$79,669Average Assets, year-to-date
$17,459Average Assets, quarterly
$80,736Volatile liabilities
$81,715Insider loans
$57,558FHLB advances
$79,755Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,362Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,996Restructured Loans and leases
$10Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,537Total interest income
$531Total interest expense
$3,006Net interest income
$116Provision for loan and lease losses
$133Total noninterest income
$0Fiduciary activities
$157Service charges on deposit accounts
$0Trading account gains & fees
-$24Additional noninterest income
$2,229Total noninterest expense
$1,036Salaries and employee benefits
$170Premises and equipment expense
$1,023Additional noninterest expense
$794Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$792Income before extraordinary items
$0Extraordinary gains - net
$792Net income attributable to bank
$0Net charge-offs
$792Cash dividends
$195Sale, conversion, retirement of capital stock, net
$561Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.64%Yield on earning assets
0.70%Cost of funding earning assets
3.94%Net interest margin
0.17%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
0.98%Pretax return on assets
7.43%Return on equity (ROE)
2.17%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
59.49%Credit loss provision to net charge-offs
4.67%Efficiency ratio
71,010Assets per employee
4.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.83%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
118.11%Noncurrent assets plus other real estate owned to assets
2.11%Noncurrent loans to loans
1.07%Net loans and leases to deposits
69.38%Net loans and leases to core deposits
79.81%Equity capital to assets
13.39%Core capital (leverage) ratio
11.74%Tier 1 risk-based capital ratio
16.27%Total risk-based capital ratio
Memoranda
$17Average assets
$80,736Average earning assets
$10,666Average equity
$76,222Average loans

List of branches

3 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1044	First Farmers & Merchants State Bank	106 W Main St, Brownsdale, MN 55918	Febuary 08, 1908	Full Service Brick and Mortar
2	42567	Austin Branch	128 N Main St, Austin, MN 55912	January 01, 1887	Full Service Brick and Mortar
3	441636	Sargeant Branch	103 Main St Sw, Sargeant, MN 55973	August 06, 1993	Full Service Brick and Mortar

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

First Farmers & 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:

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

First Farmers & 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:

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