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

This bank is inactive as of September 01, 1999

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

  • General
  • FDIC Certificate #: 9303
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F&M Bank-Iowa Central (#10904)
    Federal Reserve ID: 656546
    Date Established: January 01, 1913
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9305
    FDIC's unique #: 5958
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 1999
    Last Structure Change Process Date: September 24, 1999
    Last Data Update: September 24, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1030 Broad Street, Grinnell, IA 50112
    County: Poweshiek
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $122.1 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $122,114Total assets
  • $2,355Cash and due from depository institutions
  • $203Interest-bearing balances
  • $26,749Securities
  • $10,725Federal funds sold & reverse repurchase agreements
  • $76,750Net loans & leases
  • $1,389Loan loss allowance
  • $0Trading account assets
  • $4,109Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,426All other assets
  • $122,114Total liabilities and capital
  • $111,983Total liabilities
  • $105,922Total deposits
  • $97,575Interest-bearing deposits
  • $105,922Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,318Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $569Other borrowed funds
  • $0Subordinated debt
  • $1,174All other liabilities
  • $10,131Total equity capital
  • $10,131Total bank equity capital
  • $10,131Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $3,050Undivided profits
  • Memoranda
  • $6,881Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $568Earning assets
  • $85Long-term assets (5+ years)
  • $718Average Assets, year-to-date
  • $114,427Average Assets, quarterly
  • $27,815Volatile liabilities
  • $117,117Insider loans
  • $118,666FHLB advances
  • $9,373Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,235Total unused commitments
  • $0Restructured Loans and leases
  • $74,108Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $8,645Total interest income
  • $4,837Total interest expense
  • $3,808Net interest income
  • $1Provision for loan and lease losses
  • $486Total noninterest income
  • $0Fiduciary activities
  • $314Service charges on deposit accounts
  • $0Trading account gains & fees
  • $172Additional noninterest income
  • $2,443Total noninterest expense
  • $1,211Salaries and employee benefits
  • $335Premises and equipment expense
  • $897Additional noninterest expense
  • $1,850Pre-tax net operating income
  • $0Securities gains (losses)
  • $257Applicable income taxes
  • $1,593Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,593Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$12Sale, conversion, retirement of capital stock, net
  • $1,858Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.93%Yield on earning assets
  • 4.44%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 15.56%Return on equity (ROE)
  • -2.59%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -8.33%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,893Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 116.64%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 244.54%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 72.46%Net loans and leases to core deposits
  • 75.66%Equity capital to assets
  • 8.30%Core capital (leverage) ratio
  • 8.59%Tier 1 risk-based capital ratio
  • 13.58%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $117,117Average earning assets
  • $10,238Average equity
  • $108,984Average loans

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