Farmers & Mechanics Bank in Galesburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Farmers & Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 924
    Status: Active
    Federal Reserve ID: 744238
    Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1203899, Location: Muscatine, IA)
    Date Established: March 31, 1869
    WWW: http://www.thefmbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13696
    FDIC's unique #: 599
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 East Main Street, Galesburg, IL 61401
    County: Knox
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $221.5 mil
    Equity capital: $31.6 mil
    Deposits held in domestic offices: $175.6 mil
    Return on assets (ROA): 1.49% ($3.3 mil)
    Quarterly return on assets: 1.34% ($3.0 mil)
    Return on Equity (ROE): 11.05% ($3.5 mil)
    Quarterly return on equity: 9.59% ($3.1 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.05% ($4,540.5 mil)
    Quarterly Pretax return on assets: 1.86% ($4,119.7 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
  • 58Total employees (full-time equivalent)
  • $221,487Total assets
  • $2,312Cash and due from depository institutions
  • $45Interest-bearing balances
  • $74,404Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,204Net loans & leases
  • $1,999Loan loss allowance
  • $0Trading account assets
  • $6,353Bank premises and fixed assets
  • $905Other real estate owned
  • $8,493Goodwill and other intangibles
  • $221,487Life insurance assets
  • $2,816All other assets
  • $189,879Total liabilities and capital
  • $175,627Total liabilities
  • $149,051Total deposits
  • $175,627Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 4582.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $4,170Subordinated debt
  • $31,608All other liabilities
  • $31,608Total equity capital
  • $31,608Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $19,570Surplus
  • $11,138Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $711Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,274Income earned, not collected on loans
  • $417Earning assets
  • $1,055Long-term assets (5+ years)
  • $200,653Average Assets, year-to-date
  • $63,888Average Assets, quarterly
  • $220,022Volatile liabilities
  • $223,424Insider loans
  • $139,342FHLB advances
  • $215,452Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,045Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,631Restructured Loans and leases
  • $4,383Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,812Total interest income
  • $1,594Total interest expense
  • $8,218Net interest income
  • $360Provision for loan and lease losses
  • $3,502Total noninterest income
  • $562Fiduciary activities
  • $834Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,106Additional noninterest income
  • $6,919Total noninterest expense
  • $3,626Salaries and employee benefits
  • $547Premises and equipment expense
  • $2,746Additional noninterest expense
  • $4,441Pre-tax net operating income
  • $74Securities gains (losses)
  • $1,246Applicable income taxes
  • $3,269Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,269Net income attributable to bank
  • $0Net charge-offs
  • $3,269Cash dividends
  • $251Sale, conversion, retirement of capital stock, net
  • $329Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 11.05%Return on equity (ROE)
  • 9.94%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 143.43%Credit loss provision to net charge-offs
  • 19.13%Efficiency ratio
  • 59,036Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.06%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 156.91%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 71.86%Net loans and leases to core deposits
  • 72.11%Equity capital to assets
  • 14.27%Core capital (leverage) ratio
  • 11.16%Tier 1 risk-based capital ratio
  • 17.26%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $220,022Average earning assets
  • $29,587Average equity
  • $199,253Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $267,568Managed Assets
  • 1Number of Accounts
  • $60,070Personal trust and agency accounts
  • $39,121Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,334Other retirement accounts
  • $2,599Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $13,016Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 223Number of Accounts
  • $0Personal trust and agency accounts
  • $2,599Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $207,498Other retirement accounts
  • $195,152Corporate trust and agency accounts
  • $7,751Other fiduciary accounts
  • $908Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0599Farmers & Mechanics Bank21 East Main Street, Galesburg, IL 61401March 31, 1869Full Service Brick and Mortar
    4429562Henderson Branch1230 N Henderson St, Galesburg, IL 61401June 01, 2004Full Service Brick and Mortar
    5429563Peoria Branch4620 N University, Peoria, IL 61614November 23, 2003Full Service Brick and Mortar

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