Farmers & Merchants Savings Bank in Manchester, Iowa (IA), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers & Merchants Savings Bank in Manchester, Iowa (IA), MN
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Farmers & Merchants Savings Bank routing number info

Farmers & Merchants Savings Bank - Overview

  • General
  • FDIC Certificate #: 9298
    Status: Active
    Federal Reserve ID: 863746
    Bank Holding Company (Regulatory Top Holder): Dunn Investment Co. (RSSDID: 2558484, Location: Manchester, IA)
    Date Established: July 20, 1925
    WWW: http://www.fmbankia.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 10283
    FDIC's unique #: 5953
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 18, 2010
    Last Structure Change Process Date: January 06, 2011
    Last Data Update: January 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Franklin Streets, Manchester, IA 52057
    County: Delaware
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $336.5 mil
    Equity capital: $30.4 mil
    Deposits held in domestic offices: $278.7 mil
    Return on assets (ROA): 1.38% ($4.6 mil)
    Quarterly return on assets: 1.75% ($5.9 mil)
    Return on Equity (ROE): 15.05% ($4.5 mil)
    Quarterly return on equity: 19.19% ($5.8 mil)
    Net income: $4.4 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.44% ($4,845.3 mil)
    Quarterly Pretax return on assets: 1.83% ($6,157.5 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
  • 59Total employees (full-time equivalent)
  • $336,476Total assets
  • $12,572Cash and due from depository institutions
  • $1,106Interest-bearing balances
  • $39,014Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $267,648Net loans & leases
  • $3,337Loan loss allowance
  • $0Trading account assets
  • $8,505Bank premises and fixed assets
  • $804Other real estate owned
  • $329Goodwill and other intangibles
  • $336,476Life insurance assets
  • $7,604All other assets
  • $306,088Total liabilities and capital
  • $278,694Total liabilities
  • $218,526Total deposits
  • $278,694Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 7608.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,000Trading liabilities
  • $0Other borrowed funds
  • $1,786Subordinated debt
  • $30,388All other liabilities
  • $30,388Total equity capital
  • $30,388Total bank equity capital
  • $0Perpetual preferred stock
  • $223Common stock
  • $7,077Surplus
  • $23,088Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,234Income earned, not collected on loans
  • $1,149Earning assets
  • $1,727Long-term assets (5+ years)
  • $307,768Average Assets, year-to-date
  • $35,978Average Assets, quarterly
  • $316,244Volatile liabilities
  • $327,162Insider loans
  • $300,479FHLB advances
  • $323,568Loans and leases held for sale
  • $2,693Unused loan commitments
  • $2,693Tier 1 (core) risk-based capital
  • $28,898Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $84,804Restructured Loans and leases
  • $3,238Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,783Total interest income
  • $3,773Total interest expense
  • $12,010Net interest income
  • $690Provision for loan and lease losses
  • $1,859Total noninterest income
  • $40Fiduciary activities
  • $510Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,309Additional noninterest income
  • $8,631Total noninterest expense
  • $4,694Salaries and employee benefits
  • $789Premises and equipment expense
  • $3,148Additional noninterest expense
  • $4,548Pre-tax net operating income
  • $0Securities gains (losses)
  • $190Applicable income taxes
  • $4,358Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,358Net income attributable to bank
  • $0Net charge-offs
  • $4,358Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $3,777Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -17250.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,232Assets per employee
  • 5.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.67%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 103.18%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 96.04%Net loans and leases to core deposits
  • 106.22%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 8.93%Tier 1 risk-based capital ratio
  • 9.62%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $316,244Average earning assets
  • $28,955Average equity
  • $293,209Average 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
  • $12,671Managed Assets
  • 1Number of Accounts
  • $5,589Personal trust and agency accounts
  • $5,589Employee 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
  • 72Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $905Employee benefit-defined benefit accounts
  • $7,082Other retirement accounts
  • $84Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $6,998Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    05953Farmers & Merchants Savings BankMain And Franklin Streets, Manchester, IA 52057July 20, 1925Full Service Brick and Mortar
    1274225Cedar Rapids Branch1st Avenue, N.E. At 40th, Cedar Rapids, IA 52401January 01, 1934Full Service Brick and Mortar
    2364479Cedar Rapids Branch200 1st St Sw, Cedar Rapids, IA 52404April 29, 2002Full Service Brick and Mortar
    3442590Farmers & Merchants Savings Bank Bra220 West Main Street, Anamosa, IA 52205November 01, 2004Full Service Brick and Mortar
  • 2 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    416336Lino Lakes Branch7641 Lake Drive, Lino Lakes, MN 55014December 20, 1980Full Service Brick and Mortar
    5290802Vadnais Heights Branch845 East County Road 32, Vadnais Heights, MN 55127December 07, 1998Full Service Brick and Mortar

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