F&M Bank-Iowa Story County in Story City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1999

  • F&M Bank-Iowa Story County in Story City, Iowa (IA)
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F&M Bank-Iowa Story County - Overview

  • General
  • FDIC Certificate #: 26238
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F&M Bank-Iowa Central (#10904)
    Federal Reserve ID: 327042
    Date Established: May 09, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 9308
    FDIC's unique #: 32575
    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: May 09, 1985
    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: 522 Broad Street, Story City, IA 50248
    County: Story
    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
    Combined Statistical Area (CSA): Ames-Boone, IA (#112)
    Core Based Statistical Area (CBSA): Ames, IA (#11180)
    CBSA Metro Statistical Area: Ames, IA (#11180)
  • Financial Summary
  • Total assets: $95.3 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
  • 28Total employees (full-time equivalent)
  • $87,777Total assets
  • $3,798Cash and due from depository institutions
  • $185Interest-bearing balances
  • $27,069Securities
  • $2,250Federal funds sold & reverse repurchase agreements
  • $51,312Net loans & leases
  • $897Loan loss allowance
  • $0Trading account assets
  • $2,473Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $875All other assets
  • $87,777Total liabilities and capital
  • $80,256Total liabilities
  • $73,673Total deposits
  • $67,027Interest-bearing deposits
  • $73,673Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $990Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,778Other borrowed funds
  • $0Subordinated debt
  • $815All other liabilities
  • $7,521Total equity capital
  • $7,521Total bank equity capital
  • $7,521Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $2,750Undivided profits
  • Memoranda
  • $3,771Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $458Earning assets
  • $0Long-term assets (5+ years)
  • $357Average Assets, year-to-date
  • $80,816Average Assets, quarterly
  • $27,878Volatile liabilities
  • $87,882Insider loans
  • $85,407FHLB advances
  • $8,288Loans and leases held for sale
  • $7Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,523Total unused commitments
  • $0Restructured Loans and leases
  • $49,506Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $6,414Total interest income
  • $3,753Total interest expense
  • $2,661Net interest income
  • -$3Provision for loan and lease losses
  • $478Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $299Additional noninterest income
  • $1,821Total noninterest expense
  • $961Salaries and employee benefits
  • $254Premises and equipment expense
  • $606Additional noninterest expense
  • $1,321Pre-tax net operating income
  • $1Securities gains (losses)
  • $240Applicable income taxes
  • $1,082Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,082Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $1,214Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.77%Yield on earning assets
  • 4.54%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 14.42%Return on equity (ROE)
  • -1.76%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -27.27%Credit loss provision to net charge-offs
  • 119.82%Efficiency ratio
  • 58,012Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 112.20%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 195.85%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 69.65%Net loans and leases to core deposits
  • 76.98%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 14.92%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $87,882Average earning assets
  • $7,505Average equity
  • $82,581Average loans

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