Farmers and Merchants Savings Bank in Iowa City, Iowa (IA)



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Farmers and Merchants Savings Bank routing number info

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Farmers and Merchants Savings Bank
GeneralFDIC 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
WWW: http://www.fmbankonline.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)23
Total assets$115,559
Cash and due from depository institutions$1,530
Interest-bearing balances$21
Securities$45,868
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$58,986
Loan loss allowance $907
Trading account assets$0
Bank premises and fixed assets$1,919
Other real estate owned$1,053
Goodwill and other intangibles$0
All other assets$6,203
Life insurance assets$115,559
Total liabilities and capital$102,246
Total liabilities$82,982
Total deposits$73,801
Interest-bearing deposits$82,982
Deposits held in domestic offices$90
% insured (estimated)1436.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,600
Other borrowed funds $0
Subordinated debt $228
All other liabilities $13,313
Total equity capital$13,313
Total bank equity capital$13,313
Perpetual preferred stock$0
Common stock$585
Surplus$6,415
Undivided profits $6,313
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $526
Income earned, not collected on loans $341
Earning assets $0
Long-term assets (5+ years) $496
Average Assets, year-to-date $104,875
Average Assets, quarterly $35,796
Volatile liabilities $115,132
Insider loans $115,883
FHLB advances $71,767
Loans and leases held for sale $114,896
Unused loan commitments $2,874
Tier 1 (core) risk-based capital $2,874
Tier 2 risk-based capital $12,660
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,303
Derivatives$425
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,758
Total interest expense $1,795
Net interest income $2,963
Provision for loan and lease losses $25
Total noninterest income $197
Fiduciary activities $19
Service charges on deposit accounts $107
Trading account gains & fees $0
Additional noninterest income $71
Total noninterest expense $2,825
Salaries and employee benefits $1,579
Premises and equipment expense $400
Additional noninterest expense $846
Pre-tax net operating income $310
Securities gains (losses) $330
Applicable income taxes $131
Income before extraordinary items $509
Extraordinary gains - net $0
Net income attributable to bank $509
Net charge-offs $0
Cash dividends $509
Sale, conversion, retirement of capital stock, net $554
Net operating income $300
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.63%
Cost of funding earning assets 1.75%
Net interest margin 2.88%
Noninterest income to earning assets 0.19%
Noninterest expense to earning assets 2.75%
Net operating income to assets 0.21%
Return on assets (ROA) 0.44%
Pretax return on assets 0.56%
Return on equity (ROE) 3.89%
Retained earnings to average equity (YTD only) 1.60%
Net charge-offs to loans 0.96%
Credit loss provision to net charge-offs 4.51%
Efficiency ratio0.60%
Assets per employee$89,399
Cash dividends to net income (YTD only)5.02%
Condition Ratios (%)
Loss allowance to loans 58.94%
Loss allowance to noncurrent loans 1.51%
Noncurrent assets plus other real estate owned to assets 265.98%
Noncurrent loans to loans 1.21%
Net loans and leases to deposits0.57%
Net loans and leases to core deposits 71.08%
Equity capital to assets 78.50%
Core capital (leverage) ratio 11.52%
Tier 1 risk-based capital ratio 11.02%
Total risk-based capital ratio 17.64%
Memoranda
Average assets$19
Average earning assets$115,132
Average equity $13,098
Average loans $102,849
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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$6,034
Number of Accounts1
Personal trust and agency accounts$3,333
Employee benefit-defined contribution accounts$3,333
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts31
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,701
Corporate trust and agency accounts$68
Other fiduciary accounts$1,452
Fiduciary accounts held in foreign offices$1,181
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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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