F&M Bank-Iowa Central in Marshalltown, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 23, 2010

  • F&M Bank-Iowa Central in Marshalltown, Iowa (IA)
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F&M Bank-Iowa Central - Overview

  • General
  • FDIC Certificate #: 10904
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Great Western Bank (#15289)
    Federal Reserve ID: 689740
    Date Established: September 01, 1915
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 9314
    FDIC's unique #: 6983
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 23, 2010
    Last Structure Change Process Date: May 14, 2010
    Last Data Update: May 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 North First Avenue, Marshalltown, IA 50158
    County: Marshall
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Marshalltown, IA (#32260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $470.0 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, 2009)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $470,988Total assets
  • $42,536Cash and due from depository institutions
  • $19,878Interest-bearing balances
  • $171,115Securities
  • $110,000Federal funds sold & reverse repurchase agreements
  • $132,785Net loans & leases
  • $4,144Loan loss allowance
  • $0Trading account assets
  • $6,463Bank premises and fixed assets
  • $165Other real estate owned
  • $0Goodwill and other intangibles
  • $1,184Life insurance assets
  • $7,924All other assets
  • $470,988Total liabilities and capital
  • $425,953Total liabilities
  • $408,592Total deposits
  • $365,738Interest-bearing deposits
  • $408,592Deposits held in domestic offices
  • 81.06%% insured (estimated)
  • $10,881Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $883Other borrowed funds
  • $0Subordinated debt
  • $5,597All other liabilities
  • $45,035Total equity capital
  • $45,035Total bank equity capital
  • $45,035Perpetual preferred stock
  • $0Common stock
  • $2,150Surplus
  • $17,150Undivided profits
  • Memoranda
  • $25,735Noncurrent loans and leases
  • $37,342Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,606Earning assets
  • $47Long-term assets (5+ years)
  • $1,901Average Assets, year-to-date
  • $433,778Average Assets, quarterly
  • $119,087Volatile liabilities
  • $465,872Insider loans
  • $466,902FHLB advances
  • $83,182Loans and leases held for sale
  • $12,529Unused loan commitments
  • $500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $241Total risk weighted assets
  • $37,342Total unused commitments
  • $0Restructured Loans and leases
  • $2,453Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,225Total interest income
  • $8,350Total interest expense
  • $7,875Net interest income
  • $2,753Provision for loan and lease losses
  • $4,136Total noninterest income
  • $298Fiduciary activities
  • $1,812Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,026Additional noninterest income
  • $9,533Total noninterest expense
  • $3,782Salaries and employee benefits
  • $1,359Premises and equipment expense
  • $4,392Additional noninterest expense
  • -$275Pre-tax net operating income
  • $0Securities gains (losses)
  • -$720Applicable income taxes
  • $445Income before extraordinary items
  • $0Extraordinary gains - net
  • $445Net income attributable to bank
  • $0Net charge-offs
  • $445Cash dividends
  • $1,154Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.75%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 1.82%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • 1.00%Return on equity (ROE)
  • 1.00%Retained earnings to average equity (YTD only)
  • 0.82%Net charge-offs to loans
  • 238.56%Credit loss provision to net charge-offs
  • 2.15%Efficiency ratio
  • 79,369Assets per employee
  • 6.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.03%Loss allowance to noncurrent loans
  • 258.03%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 32.50%Net loans and leases to core deposits
  • 39.44%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 21.95%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $465,872Average earning assets
  • $44,433Average equity
  • $433,015Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $22,362Managed Assets
  • 1Number of Accounts
  • $19,344Personal trust and agency accounts
  • $16,552Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,388Other fiduciary accounts
  • $1,404Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 51Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,018Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,018Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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