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


Farmers and Merchants Savings Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 25Total employees (full-time equivalent)
  • $136,167Total assets
  • $12,648Cash and due from depository institutions
  • $9,910Interest-bearing balances
  • $41,546Securities
  • $593Federal funds sold & reverse repurchase agreements
  • $78,619Net loans & leases
  • $1,467Loan loss allowance
  • $0Trading account assets
  • $412Bank premises and fixed assets
  • $10Other real estate owned
  • $0Goodwill and other intangibles
  • $136,167Life insurance assets
  • $2,339All other assets
  • $123,811Total liabilities and capital
  • $117,099Total liabilities
  • $104,139Total deposits
  • $117,099Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,210Trading liabilities
  • $0Other borrowed funds
  • $502Subordinated debt
  • $12,356All other liabilities
  • $12,356Total equity capital
  • $12,356Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,400Surplus
  • $9,856Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $25Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $415Income earned, not collected on loans
  • $0Earning assets
  • $1,036Long-term assets (5+ years)
  • $130,668Average Assets, year-to-date
  • $33,437Average Assets, quarterly
  • $128,017Volatile liabilities
  • $133,613Insider loans
  • $93,193FHLB advances
  • $134,918Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,319Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,769Restructured Loans and leases
  • $261Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,891Total interest income
  • $1,594Total interest expense
  • $4,297Net interest income
  • $24Provision for loan and lease losses
  • $935Total noninterest income
  • $0Fiduciary activities
  • $324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $611Additional noninterest income
  • $2,568Total noninterest expense
  • $1,758Salaries and employee benefits
  • $243Premises and equipment expense
  • $567Additional noninterest expense
  • $2,640Pre-tax net operating income
  • $0Securities gains (losses)
  • $133Applicable income taxes
  • $2,507Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,507Net income attributable to bank
  • $0Net charge-offs
  • $2,507Cash dividends
  • $119Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 1.96%Net operating income to assets
  • 1.96%Return on assets (ROA)
  • 2.06%Pretax return on assets
  • 21.68%Return on equity (ROE)
  • 12.17%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 20.17%Credit loss provision to net charge-offs
  • 22.39%Efficiency ratio
  • 49,083Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.88%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 353.49%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 67.14%Net loans and leases to core deposits
  • 68.86%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 12.15%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $128,017Average earning assets
  • $11,565Average equity
  • $122,620Average 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
  • $20Managed Assets
  • 1Number of Accounts
  • $20Personal trust and agency accounts
  • $20Employee 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
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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