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


  • Farmers and Merchants State Bank in Winterset, Iowa (IA)
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Farmers and Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 15610
    Status: Active
    Federal Reserve ID: 145741
    Bank Holding Company (Regulatory Top Holder): Farmers & Merchants Bancorp. (RSSDID: 1245321, Location: Winterset, IA)
    Date Established: August 11, 1938
    WWW: http://www.fmsbiowa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 9893
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 11, 1938
    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: 101 West Jefferson, Winterset, IA 50273
    County: Madison
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $173.6 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $145.7 mil
    Return on assets (ROA): 1.23% ($2.1 mil)
    Quarterly return on assets: 1.13% ($2.0 mil)
    Return on Equity (ROE): 11.70% ($2.1 mil)
    Quarterly return on equity: 10.33% ($1.9 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.69% ($2,933.4 mil)
    Quarterly Pretax return on assets: 1.57% ($2,725.1 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
  • 34Total employees (full-time equivalent)
  • $173,576Total assets
  • $9,256Cash and due from depository institutions
  • $4,850Interest-bearing balances
  • $59,851Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,753Net loans & leases
  • $1,230Loan loss allowance
  • $0Trading account assets
  • $1,982Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $173,576Life insurance assets
  • $2,734All other assets
  • $155,170Total liabilities and capital
  • $145,733Total liabilities
  • $116,398Total deposits
  • $145,733Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 4869.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,346Trading liabilities
  • $0Other borrowed funds
  • $1,222Subordinated debt
  • $18,406All other liabilities
  • $18,406Total equity capital
  • $18,406Total bank equity capital
  • $0Perpetual preferred stock
  • $334Common stock
  • $2,100Surplus
  • $15,972Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $426Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $170Income earned, not collected on loans
  • $0Earning assets
  • $2,001Long-term assets (5+ years)
  • $164,454Average Assets, year-to-date
  • $32,879Average Assets, quarterly
  • $166,462Volatile liabilities
  • $168,067Insider loans
  • $117,470FHLB advances
  • $165,096Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,103Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,806Restructured Loans and leases
  • $2,803Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,247Total interest income
  • $1,706Total interest expense
  • $5,541Net interest income
  • $0Provision for loan and lease losses
  • $741Total noninterest income
  • $109Fiduciary activities
  • $298Service charges on deposit accounts
  • $0Trading account gains & fees
  • $334Additional noninterest income
  • $3,461Total noninterest expense
  • $2,025Salaries and employee benefits
  • $373Premises and equipment expense
  • $1,063Additional noninterest expense
  • $2,821Pre-tax net operating income
  • $0Securities gains (losses)
  • $773Applicable income taxes
  • $2,048Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,048Net income attributable to bank
  • $0Net charge-offs
  • $2,048Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $890Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 11.70%Return on equity (ROE)
  • 6.62%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 564.20%Efficiency ratio
  • 55,094Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.46%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 723.53%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 68.45%Net loans and leases to core deposits
  • 73.25%Equity capital to assets
  • 10.60%Core capital (leverage) ratio
  • 10.36%Tier 1 risk-based capital ratio
  • 14.56%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $166,462Average earning assets
  • $17,504Average equity
  • $158,494Average 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
  • $21,077Managed Assets
  • 1Number of Accounts
  • $20,698Personal trust and agency accounts
  • $20,698Employee 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
  • 98Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $379Other retirement accounts
  • $379Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09893Farmers And Merchants State Bank101 West Jefferson, Winterset, IA 50273August 11, 1938Full Service Brick and Mortar
    2234663Orient Branch114 South Broad Street, Orient, IA 50858August 15, 1938Full Service Brick and Mortar
    3234664St Charles Branch317 East Main Street, Saint Charles, IA 50240August 15, 1938Full Service Brick and Mortar
    4234665Motor Branch722 North First Street, Winterset, IA 50273April 28, 1980Limited Service Facility

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