Farmers & Merchants Bank & Trust in Burlington, Iowa (IA)



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Farmers & Merchants Bank & Trust routing number info

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Farmers & Merchants Bank & Trust
GeneralFDIC 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
WWW: http://www.fmbanktrust.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)69
Total assets$191,107
Cash and due from depository institutions$11,922
Interest-bearing balances$9,623
Securities$41,920
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$121,437
Loan loss allowance $3,303
Trading account assets$0
Bank premises and fixed assets$3,142
Other real estate owned$1,168
Goodwill and other intangibles$0
All other assets$11,518
Life insurance assets$191,107
Total liabilities and capital$172,937
Total liabilities$162,949
Total deposits$138,844
Interest-bearing deposits$162,949
Deposits held in domestic offices$96
% insured (estimated)3353.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,000
Other borrowed funds $0
Subordinated debt $635
All other liabilities $18,170
Total equity capital$18,170
Total bank equity capital$18,170
Perpetual preferred stock$0
Common stock$600
Surplus$15,217
Undivided profits $2,353
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,116
Earning assets $0
Long-term assets (5+ years) $1,143
Average Assets, year-to-date $172,980
Average Assets, quarterly $25,878
Volatile liabilities $197,900
Insider loans $194,153
FHLB advances $126,644
Loans and leases held for sale $188,168
Unused loan commitments $5,121
Tier 1 (core) risk-based capital $5,121
Tier 2 risk-based capital $15,411
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,975
Derivatives$1,834
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,432
Total interest expense $1,189
Net interest income $7,243
Provision for loan and lease losses $900
Total noninterest income $2,684
Fiduciary activities $679
Service charges on deposit accounts $880
Trading account gains & fees $0
Additional noninterest income $1,125
Total noninterest expense $8,314
Salaries and employee benefits $4,229
Premises and equipment expense $874
Additional noninterest expense $3,211
Pre-tax net operating income $713
Securities gains (losses) $74
Applicable income taxes $0
Income before extraordinary items $787
Extraordinary gains - net $0
Net income attributable to bank $787
Net charge-offs $0
Cash dividends $787
Sale, conversion, retirement of capital stock, net $1,420
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.71%
Cost of funding earning assets 0.66%
Net interest margin 4.04%
Noninterest income to earning assets 1.50%
Noninterest expense to earning assets 4.64%
Net operating income to assets 0.36%
Return on assets (ROA) 0.40%
Pretax return on assets 0.40%
Return on equity (ROE) 4.43%
Retained earnings to average equity (YTD only) 4.43%
Net charge-offs to loans 1.05%
Credit loss provision to net charge-offs 63.38%
Efficiency ratio1.14%
Assets per employee$83,751
Cash dividends to net income (YTD only)2.77%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.65%
Noncurrent assets plus other real estate owned to assets 80.25%
Noncurrent loans to loans 2.76%
Net loans and leases to deposits3.30%
Net loans and leases to core deposits 74.52%
Equity capital to assets 74.89%
Core capital (leverage) ratio 9.51%
Tier 1 risk-based capital ratio 8.19%
Total risk-based capital ratio 12.17%
Memoranda
Average assets$13
Average earning assets$197,900
Average equity $17,748
Average loans $179,188
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$91,044
Number of Accounts1
Personal trust and agency accounts$72,664
Employee benefit-defined contribution accounts$38,872
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$3,070
Investment management agency accounts$0
Other fiduciary accounts$22,650
Fiduciary accounts held in foreign offices$8,072
Non-managed Assets$0
Number of Accounts241
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$3,070
Employee benefit-defined benefit accounts$0
Other retirement accounts$18,380
Corporate trust and agency accounts$3,822
Other fiduciary accounts$4,269
Fiduciary accounts held in foreign offices$3,457
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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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