F&M Bank-Iowa Story County in Story City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1999

F&M Bank-Iowa Story County in Story City, Iowa (IA)
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F&M Bank-Iowa Story County - Overview

General
FDIC Certificate #: 26238
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F&M Bank-Iowa Central (#10904)
Federal Reserve ID: 327042
Date Established: May 09, 1985
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 9308
FDIC's unique #: 32575
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: May 09, 1985
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: 522 Broad Street, Story City, IA 50248
County: Story
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
Combined Statistical Area (CSA): Ames-Boone, IA (#112)
Core Based Statistical Area (CBSA): Ames, IA (#11180)
CBSA Metro Statistical Area: Ames, IA (#11180)
Financial Summary
Total assets: $95.3 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
28Total employees (full-time equivalent)
$87,777Total assets
$3,798Cash and due from depository institutions
$185Interest-bearing balances
$27,069Securities
$2,250Federal funds sold & reverse repurchase agreements
$51,312Net loans & leases
$897Loan loss allowance
$0Trading account assets
$2,473Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$875All other assets
$87,777Total liabilities and capital
$80,256Total liabilities
$73,673Total deposits
$67,027Interest-bearing deposits
$73,673Deposits held in domestic offices
0.00%% insured (estimated)
$990Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,778Other borrowed funds
$0Subordinated debt
$815All other liabilities
$7,521Total equity capital
$7,521Total bank equity capital
$7,521Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,750Undivided profits
Memoranda
$3,771Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$458Earning assets
$0Long-term assets (5+ years)
$357Average Assets, year-to-date
$80,816Average Assets, quarterly
$27,878Volatile liabilities
$87,882Insider loans
$85,407FHLB advances
$8,288Loans and leases held for sale
$7Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,523Total unused commitments
$0Restructured Loans and leases
$49,506Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$6,414Total interest income
$3,753Total interest expense
$2,661Net interest income
-$3Provision for loan and lease losses
$478Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$299Additional noninterest income
$1,821Total noninterest expense
$961Salaries and employee benefits
$254Premises and equipment expense
$606Additional noninterest expense
$1,321Pre-tax net operating income
$1Securities gains (losses)
$240Applicable income taxes
$1,082Income before extraordinary items
$0Extraordinary gains - net
$1,082Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11Sale, conversion, retirement of capital stock, net
$1,214Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.77%Yield on earning assets
4.54%Cost of funding earning assets
3.22%Net interest margin
0.58%Noninterest income to earning assets
2.21%Noninterest expense to earning assets
1.23%Net operating income to assets
1.23%Return on assets (ROA)
1.50%Pretax return on assets
14.42%Return on equity (ROE)
-1.76%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
-27.27%Credit loss provision to net charge-offs
119.82%Efficiency ratio
58,012Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
112.20%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
195.85%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.88%Net loans and leases to deposits
69.65%Net loans and leases to core deposits
76.98%Equity capital to assets
8.57%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
14.92%Total risk-based capital ratio
Memoranda
$16Average assets
$87,882Average earning assets
$7,505Average equity
$82,581Average loans

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