Farmers and Merchants State Bank of Alpha

Farmers and Merchants State Bank of Alpha is headquartered in Alpha and is the 329^th largest bank in the state of Minnesota. It is also the 6,934^th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 8 employees at 1 location. Farmers and Merchants State Bank of Alpha has a 4-star health rating.

Data for Q1 2012

Institution Statistics Farmers and Merchants State Bank of Alpha FDIC Certificate # 10571 BankRate Report View Year Established 1911 Employees 8 Primary Regulator FDIC Assets and Liabilities Assets $30.56 million Loans $20.54 million Deposits $27.19 million Equity Capital $3.30 million Loan Loss Allowance $362,000 Unbacked Noncurrent Loans $570,000 Real Estate Owned $77,000 Historic Data - March 2011 Assets $29.58 million Equity Capital $3.11 million Loan Loss Allowance $335,000 Unbacked Noncurrent Loans $675,000 Real Estate Owned $484,000 Profit Margin - Quarterly Net Interest Margin 3.52% Return on Assets 0.42% Return on Equity 3.9% Interest Income $333,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmers and Merchants State Bank of Alpha had $647,000 in non-current loans and owned real-estate with $3.66 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants State Bank of Alpha a Texas Ratio of 17.68% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Farmers and Merchants State Bank of Alpha decreased significantly from 33.89% as of March 31, 2011 to 17.68% as of March 31, 2012, resulting in a positive change of 47.83%.This indicates that the balance sheet and financial strength for Farmers and Merchants State Bank of Alpha has improved significantly in recent periods. Deposit Growth In the past year, Farmers and Merchants State Bank of Alpha has increased its total deposits by $764,000, resulting in 2.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers and Merchants State Bank of Alpha has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers and Merchants State Bank of Alpha has $30.56 million in assets with $3.66 million in equity, resulting in a capitalization level of 11.97%, which is above average.

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