F&M Bank-Iowa South Central in Grinnell, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1999

F&M Bank-Iowa South Central in Grinnell, Iowa (IA)
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F&M Bank-Iowa South Central - Overview

General
FDIC Certificate #: 9303
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F&M Bank-Iowa Central (#10904)
Federal Reserve ID: 656546
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 9305
FDIC's unique #: 5958
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 01, 1999
Last Structure Change Process Date: September 24, 1999
Last Data Update: September 24, 1999
Data Source Date: April 05, 2012
Location
Address: 1030 Broad Street, Grinnell, IA 50112
County: Poweshiek
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Chicago
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $122.1 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
34Total employees (full-time equivalent)
$122,114Total assets
$2,355Cash and due from depository institutions
$203Interest-bearing balances
$26,749Securities
$10,725Federal funds sold & reverse repurchase agreements
$76,750Net loans & leases
$1,389Loan loss allowance
$0Trading account assets
$4,109Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,426All other assets
$122,114Total liabilities and capital
$111,983Total liabilities
$105,922Total deposits
$97,575Interest-bearing deposits
$105,922Deposits held in domestic offices
0.00%% insured (estimated)
$4,318Federal funds purchased & repurchase agreements
$0Trading liabilities
$569Other borrowed funds
$0Subordinated debt
$1,174All other liabilities
$10,131Total equity capital
$10,131Total bank equity capital
$10,131Perpetual preferred stock
$0Common stock
$200Surplus
$3,050Undivided profits
Memoranda
$6,881Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$568Earning assets
$85Long-term assets (5+ years)
$718Average Assets, year-to-date
$114,427Average Assets, quarterly
$27,815Volatile liabilities
$117,117Insider loans
$118,666FHLB advances
$9,373Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,235Total unused commitments
$0Restructured Loans and leases
$74,108Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$8,645Total interest income
$4,837Total interest expense
$3,808Net interest income
$1Provision for loan and lease losses
$486Total noninterest income
$0Fiduciary activities
$314Service charges on deposit accounts
$0Trading account gains & fees
$172Additional noninterest income
$2,443Total noninterest expense
$1,211Salaries and employee benefits
$335Premises and equipment expense
$897Additional noninterest expense
$1,850Pre-tax net operating income
$0Securities gains (losses)
$257Applicable income taxes
$1,593Income before extraordinary items
$0Extraordinary gains - net
$1,593Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$12Sale, conversion, retirement of capital stock, net
$1,858Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.93%Yield on earning assets
4.44%Cost of funding earning assets
3.49%Net interest margin
0.45%Noninterest income to earning assets
2.24%Noninterest expense to earning assets
1.36%Net operating income to assets
1.36%Return on assets (ROA)
1.58%Pretax return on assets
15.56%Return on equity (ROE)
-2.59%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-8.33%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,893Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
116.64%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
244.54%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.73%Net loans and leases to deposits
72.46%Net loans and leases to core deposits
75.66%Equity capital to assets
8.30%Core capital (leverage) ratio
8.59%Tier 1 risk-based capital ratio
13.58%Total risk-based capital ratio
Memoranda
$15Average assets
$117,117Average earning assets
$10,238Average equity
$108,984Average loans

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