F&M Bank in West Point, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

F&M Bank - Overview

  • General
  • FDIC Certificate #: 14922
    Status: Active
    Federal Reserve ID: 542153
    Bank Holding Company (Regulatory Top Holder): West Point Bancorp, Inc. (RSSDID: 1057113, Location: West Point, NE)
    Date Established: January 01, 1931
    WWW: http://www.fmbankne.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 9348
    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: December 04, 1934
    Last Structure Change Effective Date: September 25, 2010
    Last Structure Change Process Date: October 06, 2010
    Last Data Update: October 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 North Main Street, West Point, NE 68788
    County: Cuming
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $277.2 mil
    Equity capital: $23.7 mil
    Deposits held in domestic offices: $246.0 mil
    Return on assets (ROA): 0.81% ($2.2 mil)
    Quarterly return on assets: 1.05% ($2.9 mil)
    Return on Equity (ROE): 10.00% ($2.4 mil)
    Quarterly return on equity: 12.17% ($2.9 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.85% ($2,355.9 mil)
    Quarterly Pretax return on assets: 1.07% ($2,965.6 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
  • 59Total employees (full-time equivalent)
  • $277,163Total assets
  • $23,587Cash and due from depository institutions
  • $13,913Interest-bearing balances
  • $88,167Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $153,822Net loans & leases
  • $2,008Loan loss allowance
  • $0Trading account assets
  • $6,313Bank premises and fixed assets
  • $0Other real estate owned
  • $33Goodwill and other intangibles
  • $277,163Life insurance assets
  • $5,241All other assets
  • $253,469Total liabilities and capital
  • $245,960Total liabilities
  • $197,141Total deposits
  • $245,960Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 518.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,316Trading liabilities
  • $0Other borrowed funds
  • $675Subordinated debt
  • $23,694All other liabilities
  • $23,694Total equity capital
  • $23,694Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $9,650Surplus
  • $13,894Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $88Income earned, not collected on loans
  • $0Earning assets
  • $2,200Long-term assets (5+ years)
  • $255,902Average Assets, year-to-date
  • $43,742Average Assets, quarterly
  • $280,756Volatile liabilities
  • $277,905Insider loans
  • $210,823FHLB advances
  • $275,696Loans and leases held for sale
  • $942Unused loan commitments
  • $942Tier 1 (core) risk-based capital
  • $22,779Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,293Restructured Loans and leases
  • $5,358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,947Total interest income
  • $2,319Total interest expense
  • $8,628Net interest income
  • $1,100Provision for loan and lease losses
  • $1,904Total noninterest income
  • $0Fiduciary activities
  • $410Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,494Additional noninterest income
  • $7,063Total noninterest expense
  • $3,909Salaries and employee benefits
  • $1,142Premises and equipment expense
  • $2,012Additional noninterest expense
  • $2,369Pre-tax net operating income
  • $9Securities gains (losses)
  • $94Applicable income taxes
  • $2,284Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,284Net income attributable to bank
  • $0Net charge-offs
  • $2,284Cash dividends
  • $1,192Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 10.00%Return on equity (ROE)
  • 5.62%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 92.28%Credit loss provision to net charge-offs
  • 2.91%Efficiency ratio
  • 67,062Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.78%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 2281.82%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 62.54%Net loans and leases to core deposits
  • 66.39%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $280,756Average earning assets
  • $22,840Average equity
  • $262,396Average loans

List of branches

  • 5 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09348F&M Bank204 North Main Street, West Point, NE 68788January 01, 1931Full Service Brick and Mortar
    4473061Willow Park Branch11504 Willow Park Drive, Gretna, NE 68028Febuary 04, 2008Full Service Brick and Mortar
    512789Dakota County State Bank Branch2024 Dakota Avenue, South Sioux City, NE 68776November 22, 1963Full Service Brick and Mortar
    6246863South Ridge Facility3300 Plaza Drive, South Sioux City, NE 68776December 26, 1979Limited Service Facility
    846674Farmers & Merchants State Bank Of Wa321 Main, Wayne, NE 68787November 16, 1990Full Service Brick and Mortar

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