FDIC Certificate #: 13999 Status: Active Federal Reserve ID: 425050 Bank Holding Company (Regulatory Top Holder): Scotland Holding Company (RSSDID: 1127856, Location: Scotland, SD) Date Established: March 06, 1934 WWW:http://www.fmsbscotland.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 #: 8755 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: March 06, 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: 550 Main Street, Scotland, SD 57059 County: Bon Homme 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: Midwest Office of Thrift Supervision Region: West
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $25.7 mil Equity capital: $2.7 mil Deposits held in domestic offices: $22.9 mil Return on assets (ROA): 0.36% ($0.1 mil) Quarterly return on assets: -0.21% (-$0.1 mil) Return on Equity (ROE): 3.39% ($0.1 mil) Quarterly return on equity: -1.93% (-$0.1 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.38% ($97.8 mil) Quarterly Pretax return on assets: -0.22% (-$56.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$25,744Total assets
$2,523Cash and due from depository institutions
$0Interest-bearing balances
$10,672Securities
$1,579Federal funds sold & reverse repurchase agreements
$10,229Net loans & leases
$139Loan loss allowance
$0Trading account assets
$164Bank premises and fixed assets
$20Other real estate owned
$0Goodwill and other intangibles
$25,743Life insurance assets
$557All other assets
$23,073Total liabilities and capital
$22,880Total liabilities
$19,656Total deposits
$22,880Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$193Subordinated debt
$2,670All other liabilities
$2,670Total equity capital
$2,670Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$840Surplus
$1,770Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$316Income earned, not collected on loans
$0Earning assets
$259Long-term assets (5+ years)
$22,480Average Assets, year-to-date
$11,391Average Assets, quarterly
$24,493Volatile liabilities
$25,242Insider loans
$12,642FHLB advances
$25,421Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,485Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,903Restructured Loans and leases
$48Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$994Total interest income
$170Total interest expense
$824Net interest income
$0Provision for loan and lease losses
$109Total noninterest income
$0Fiduciary activities
$105Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$840Total noninterest expense
$519Salaries and employee benefits
$132Premises and equipment expense
$189Additional noninterest expense
$93Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
$88Income before extraordinary items
$0Extraordinary gains - net
$88Net income attributable to bank
$0Net charge-offs
$88Cash dividends
$1Sale, conversion, retirement of capital stock, net
$30Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.65%Yield on earning assets
0.79%Cost of funding earning assets
3.85%Net interest margin
0.51%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
0.36%Net operating income to assets
0.36%Return on assets (ROA)
0.38%Pretax return on assets
3.39%Return on equity (ROE)
2.24%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
93.00%Efficiency ratio
90,032Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.09%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
43.99%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
3.05%Net loans and leases to deposits
44.71%Net loans and leases to core deposits
47.52%Equity capital to assets
10.37%Core capital (leverage) ratio
9.78%Tier 1 risk-based capital ratio
19.66%Total risk-based capital ratio
Memoranda
$21Average assets
$24,493Average earning assets
$2,594Average equity
$21,398Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8755
The Farmers And Merchants State Bank
550 Main Street, Scotland, SD 57059
March 06, 1934
Full Service Brick and Mortar
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