Farmers & Merchants Bank & Trust in Burlington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers & Merchants Bank & Trust - Overview

  • General
  • FDIC Certificate #: 13737
    Status: Active
    Federal Reserve ID: 888141
    Bank Holding Company (Regulatory Top Holder): Farmers And Merchants Bancshares, Inc. (RSSDID: 2178631, Location: Burlington, IA)
    Date Established: January 01, 1916
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 8588
    Numeric code: 21
    Regulator: FDIC
    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 24, 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: 3rd And Jefferson Streets, Burlington, IA 52601
    County: Des Moines
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $191.1 mil
    Equity capital: $18.2 mil
    Deposits held in domestic offices: $162.9 mil
    Return on assets (ROA): 0.40% ($0.8 mil)
    Quarterly return on assets: 0.20% ($0.4 mil)
    Return on Equity (ROE): 4.43% ($0.8 mil)
    Quarterly return on equity: 2.11% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.40% ($764.4 mil)
    Quarterly Pretax return on assets: 0.08% ($152.9 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
  • 69Total employees (full-time equivalent)
  • $191,107Total assets
  • $11,922Cash and due from depository institutions
  • $9,623Interest-bearing balances
  • $41,920Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $121,437Net loans & leases
  • $3,303Loan loss allowance
  • $0Trading account assets
  • $3,142Bank premises and fixed assets
  • $1,168Other real estate owned
  • $0Goodwill and other intangibles
  • $191,107Life insurance assets
  • $11,518All other assets
  • $172,937Total liabilities and capital
  • $162,949Total liabilities
  • $138,844Total deposits
  • $162,949Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 3353.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $635Subordinated debt
  • $18,170All other liabilities
  • $18,170Total equity capital
  • $18,170Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $15,217Surplus
  • $2,353Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,116Income earned, not collected on loans
  • $0Earning assets
  • $1,143Long-term assets (5+ years)
  • $172,980Average Assets, year-to-date
  • $25,878Average Assets, quarterly
  • $197,900Volatile liabilities
  • $194,153Insider loans
  • $126,644FHLB advances
  • $188,168Loans and leases held for sale
  • $5,121Unused loan commitments
  • $5,121Tier 1 (core) risk-based capital
  • $15,411Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,975Restructured Loans and leases
  • $1,834Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,432Total interest income
  • $1,189Total interest expense
  • $7,243Net interest income
  • $900Provision for loan and lease losses
  • $2,684Total noninterest income
  • $679Fiduciary activities
  • $880Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,125Additional noninterest income
  • $8,314Total noninterest expense
  • $4,229Salaries and employee benefits
  • $874Premises and equipment expense
  • $3,211Additional noninterest expense
  • $713Pre-tax net operating income
  • $74Securities gains (losses)
  • $0Applicable income taxes
  • $787Income before extraordinary items
  • $0Extraordinary gains - net
  • $787Net income attributable to bank
  • $0Net charge-offs
  • $787Cash dividends
  • $1,420Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.04%Net interest margin
  • 1.50%Noninterest income to earning assets
  • 4.64%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 4.43%Return on equity (ROE)
  • 4.43%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 63.38%Credit loss provision to net charge-offs
  • 1.14%Efficiency ratio
  • 83,751Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 80.25%Noncurrent assets plus other real estate owned to assets
  • 2.76%Noncurrent loans to loans
  • 3.30%Net loans and leases to deposits
  • 74.52%Net loans and leases to core deposits
  • 74.89%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 12.17%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $197,900Average earning assets
  • $17,748Average equity
  • $179,188Average 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
  • $91,044Managed Assets
  • 1Number of Accounts
  • $72,664Personal trust and agency accounts
  • $38,872Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,070Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $22,650Other fiduciary accounts
  • $8,072Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 241Number of Accounts
  • $0Personal trust and agency accounts
  • $3,070Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $18,380Other retirement accounts
  • $3,822Corporate trust and agency accounts
  • $4,269Other fiduciary accounts
  • $3,457Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08588Farmers & Merchants Bank & Trust3rd And Jefferson Streets, Burlington, IA 52601January 01, 1916Full Service Brick and Mortar
    1230034Parking Lot BranchFourth And Valley Streets, Burlington, IA 52601June 10, 1960Limited Service Facility
    3230036Fairway Motor BranchMt. Pleasant Street & Roosevelt Avenue, Burlington, IA 52601January 15, 1969Full Service Brick and Mortar
    57707West Burlington Branch101 Broadway Street, West Burlington, IA 52655January 01, 1907Full Service Brick and Mortar
    7226358Drive-In Branch109 West Mt. Pleasant Street, W. Burlington, IA 52655Febuary 16, 1982Limited Service Facility

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