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



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Farmers and Merchants Savings Bank routing number info

Table of contents:
Farmers and Merchants Savings Bank
GeneralFDIC Certificate #: 255
Status: Active
Federal Reserve ID: 201647
Date Established: December 04, 1925
WWW: http://www.fmsb4me.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12302
FDIC's unique #: 204
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 201 West Main Street, Waukon, IA 52172
County: Allamakee
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $136.2 mil
Equity capital: $12.4 mil
Deposits held in domestic offices: $117.1 mil
Return on assets (ROA): 1.96% ($2.7 mil)
Quarterly return on assets: 1.92% ($2.6 mil)
Return on Equity (ROE): 21.68% ($2.6 mil)
Quarterly return on equity: 20.27% ($2.4 mil)
Net income: $2.5 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.06% ($2,805.0 mil)
Quarterly Pretax return on assets: 2.01% ($2,737.0 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)25
Total assets$136,167
Cash and due from depository institutions$12,648
Interest-bearing balances$9,910
Securities$41,546
Federal funds sold & reverse repurchase agreements$593
Net loans & leases$78,619
Loan loss allowance $1,467
Trading account assets$0
Bank premises and fixed assets$412
Other real estate owned$10
Goodwill and other intangibles$0
All other assets$2,339
Life insurance assets$136,167
Total liabilities and capital$123,811
Total liabilities$117,099
Total deposits$104,139
Interest-bearing deposits$117,099
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,210
Other borrowed funds $0
Subordinated debt $502
All other liabilities $12,356
Total equity capital$12,356
Total bank equity capital$12,356
Perpetual preferred stock$0
Common stock$100
Surplus$2,400
Undivided profits $9,856
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $25
Income earned, not collected on loans $415
Earning assets $0
Long-term assets (5+ years) $1,036
Average Assets, year-to-date $130,668
Average Assets, quarterly $33,437
Volatile liabilities $128,017
Insider loans $133,613
FHLB advances $93,193
Loans and leases held for sale $134,918
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,319
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,769
Derivatives$261
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,891
Total interest expense $1,594
Net interest income $4,297
Provision for loan and lease losses $24
Total noninterest income $935
Fiduciary activities $0
Service charges on deposit accounts $324
Trading account gains & fees $0
Additional noninterest income $611
Total noninterest expense $2,568
Salaries and employee benefits $1,758
Premises and equipment expense $243
Additional noninterest expense $567
Pre-tax net operating income $2,640
Securities gains (losses) $0
Applicable income taxes $133
Income before extraordinary items $2,507
Extraordinary gains - net $0
Net income attributable to bank $2,507
Net charge-offs $0
Cash dividends $2,507
Sale, conversion, retirement of capital stock, net $119
Net operating income $1,100
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 1.30%
Net interest margin 3.50%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 2.09%
Net operating income to assets 1.96%
Return on assets (ROA) 1.96%
Pretax return on assets 2.06%
Return on equity (ROE) 21.68%
Retained earnings to average equity (YTD only) 12.17%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 20.17%
Efficiency ratio22.39%
Assets per employee$49,083
Cash dividends to net income (YTD only)5.45%
Condition Ratios (%)
Loss allowance to loans 43.88%
Loss allowance to noncurrent loans 1.83%
Noncurrent assets plus other real estate owned to assets 353.49%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 67.14%
Equity capital to assets 68.86%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 8.39%
Total risk-based capital ratio 12.15%
Memoranda
Average assets$13
Average earning assets$128,017
Average equity $11,565
Average loans $122,620
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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$20
Number of Accounts1
Personal trust and agency accounts$20
Employee benefit-defined contribution accounts$20
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 Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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2 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0204Farmers And Merchants Savings Bank201 West Main Street, Waukon, IA 52172December 04, 1925Full Service Brick and Mortar
2429736Wal-Mart Branch1798 Old Stage Road, Decorah, IA 52101January 28, 2004Full Service Retail
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