Farmers and Merchants Savings Bank in Iowa City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Savings Bank - Overview

  • General
  • FDIC Certificate #: 10492
    Status: Active
    Federal Reserve ID: 673244
    Bank Holding Company (Regulatory Top Holder): Lone Tree Service Company (RSSDID: 1201336, Location: Lone Tree, IA)
    Date Established: September 25, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12525
    FDIC's unique #: 6713
    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 01, 1934
    Last Structure Change Effective Date: January 30, 2008
    Last Structure Change Process Date: July 18, 2008
    Last Data Update: July 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2235 Mormon Trek Boulevard, Iowa City, IA 52246
    County: Johnson
    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
    Metropolitan Statistical Area (MSA): Iowa City, IA (#3500)
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • Financial Summary
  • Total assets: $115.6 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $83.0 mil
    Return on assets (ROA): 0.44% ($0.5 mil)
    Quarterly return on assets: 0.03% ($0.0 mil)
    Return on Equity (ROE): 3.89% ($0.5 mil)
    Quarterly return on equity: 0.24% ($0.0 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.56% ($647.1 mil)
    Quarterly Pretax return on assets: 0.09% ($104.0 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
  • 23Total employees (full-time equivalent)
  • $115,559Total assets
  • $1,530Cash and due from depository institutions
  • $21Interest-bearing balances
  • $45,868Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,986Net loans & leases
  • $907Loan loss allowance
  • $0Trading account assets
  • $1,919Bank premises and fixed assets
  • $1,053Other real estate owned
  • $0Goodwill and other intangibles
  • $115,559Life insurance assets
  • $6,203All other assets
  • $102,246Total liabilities and capital
  • $82,982Total liabilities
  • $73,801Total deposits
  • $82,982Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1436.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,600Trading liabilities
  • $0Other borrowed funds
  • $228Subordinated debt
  • $13,313All other liabilities
  • $13,313Total equity capital
  • $13,313Total bank equity capital
  • $0Perpetual preferred stock
  • $585Common stock
  • $6,415Surplus
  • $6,313Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $526Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $341Income earned, not collected on loans
  • $0Earning assets
  • $496Long-term assets (5+ years)
  • $104,875Average Assets, year-to-date
  • $35,796Average Assets, quarterly
  • $115,132Volatile liabilities
  • $115,883Insider loans
  • $71,767FHLB advances
  • $114,896Loans and leases held for sale
  • $2,874Unused loan commitments
  • $2,874Tier 1 (core) risk-based capital
  • $12,660Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,303Restructured Loans and leases
  • $425Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,758Total interest income
  • $1,795Total interest expense
  • $2,963Net interest income
  • $25Provision for loan and lease losses
  • $197Total noninterest income
  • $19Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $71Additional noninterest income
  • $2,825Total noninterest expense
  • $1,579Salaries and employee benefits
  • $400Premises and equipment expense
  • $846Additional noninterest expense
  • $310Pre-tax net operating income
  • $330Securities gains (losses)
  • $131Applicable income taxes
  • $509Income before extraordinary items
  • $0Extraordinary gains - net
  • $509Net income attributable to bank
  • $0Net charge-offs
  • $509Cash dividends
  • $554Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 2.88%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 3.89%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 4.51%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 89,399Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.94%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 265.98%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 71.08%Net loans and leases to core deposits
  • 78.50%Equity capital to assets
  • 11.52%Core capital (leverage) ratio
  • 11.02%Tier 1 risk-based capital ratio
  • 17.64%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $115,132Average earning assets
  • $13,098Average equity
  • $102,849Average 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
  • $6,034Managed Assets
  • 1Number of Accounts
  • $3,333Personal trust and agency accounts
  • $3,333Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 31Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,701Other retirement accounts
  • $68Corporate trust and agency accounts
  • $1,452Other fiduciary accounts
  • $1,181Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06713Farmers And Merchants Savings Bank2235 Mormon Trek Boulevard, Iowa City, IA 52246September 25, 1901Full Service Brick and Mortar
    1222451Nichols Branch431 Main Street, Nichols, IA 52766July 01, 1934Full Service Brick and Mortar
    2222452Lone Tree Branch200 North Devoe, Lone Tree, IA 52755Febuary 01, 2000Full Service Brick and Mortar

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