First Farmers and Merchants National Bank in city_name, state_name

First Farmers and Merchants National Bank in Luverne, Minnesota (MN)
Show street view No street view available for this location

First Farmers and Merchants National Bank routing number info

First Farmers and Merchants National Bank - Overview

General
FDIC Certificate #: 5186
Status: Active
Federal Reserve ID: 917854
Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
Date Established: January 01, 1931
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 #: 3476
Numeric code: 3
Regulator: OCC
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: No
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: 303 East Main Street, Luverne, MN 56156
County: Rock
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: Central
Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $154.1 mil
Equity capital: $18.9 mil
Deposits held in domestic offices: $129.5 mil
Return on assets (ROA): 1.95% ($3.0 mil)
Quarterly return on assets: 2.22% ($3.4 mil)
Return on Equity (ROE): 16.32% ($3.1 mil)
Quarterly return on equity: 17.94% ($3.4 mil)
Net income: $2.9 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.96% ($3,020.6 mil)
Quarterly Pretax return on assets: 2.23% ($3,436.7 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
46Total employees (full-time equivalent)
$154,111Total assets
$16,527Cash and due from depository institutions
$9,188Interest-bearing balances
$23,606Securities
$4,790Federal funds sold & reverse repurchase agreements
$104,350Net loans & leases
$1,020Loan loss allowance
$0Trading account assets
$853Bank premises and fixed assets
$1,115Other real estate owned
$0Goodwill and other intangibles
$154,111Life insurance assets
$2,870All other assets
$135,251Total liabilities and capital
$129,548Total liabilities
$99,977Total deposits
$129,548Interest-bearing deposits
$85Deposits held in domestic offices
1755.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,332Trading liabilities
$0Other borrowed funds
$616Subordinated debt
$18,860All other liabilities
$18,860Total equity capital
$18,860Total bank equity capital
$0Perpetual preferred stock
$1,420Common stock
$4,042Surplus
$13,398Undivided profits
Memoranda
$0Noncurrent loans and leases
$233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$406Income earned, not collected on loans
$0Earning assets
$1,181Long-term assets (5+ years)
$141,934Average Assets, year-to-date
$16,598Average Assets, quarterly
$149,556Volatile liabilities
$151,173Insider loans
$119,631FHLB advances
$147,792Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,051Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$32,859Restructured Loans and leases
$106Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,827Total interest income
$824Total interest expense
$6,003Net interest income
$45Provision for loan and lease losses
$2,739Total noninterest income
$0Fiduciary activities
$233Service charges on deposit accounts
$0Trading account gains & fees
$2,506Additional noninterest income
$5,785Total noninterest expense
$2,720Salaries and employee benefits
$349Premises and equipment expense
$2,716Additional noninterest expense
$2,912Pre-tax net operating income
$14Securities gains (losses)
$3Applicable income taxes
$2,923Income before extraordinary items
$0Extraordinary gains - net
$2,923Net income attributable to bank
$0Net charge-offs
$2,923Cash dividends
$31Sale, conversion, retirement of capital stock, net
$1,638Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
0.60%Cost of funding earning assets
4.39%Net interest margin
2.00%Noninterest income to earning assets
4.23%Noninterest expense to earning assets
1.95%Net operating income to assets
1.95%Return on assets (ROA)
1.96%Pretax return on assets
16.32%Return on equity (ROE)
7.17%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
145.16%Credit loss provision to net charge-offs
95.39%Efficiency ratio
66,175Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.04%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
251.23%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
0.39%Net loans and leases to deposits
80.55%Net loans and leases to core deposits
84.11%Equity capital to assets
12.24%Core capital (leverage) ratio
12.21%Tier 1 risk-based capital ratio
15.09%Total risk-based capital ratio
Memoranda
$16Average assets
$149,556Average earning assets
$17,916Average equity
$136,751Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	3476	First Farmers And Merchants National	303 East Main Street, Luverne, MN 56156	January 01, 1931	Full Service Brick and Mortar
1	3513	Pipestone Branch	107 East Main Street, Pipestone, MN 56164	January 01, 1879	Full Service Brick and Mortar

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

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

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