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Overview / Commentary
563-927-4475
Main And Franklin Streets
Manchester, IA 52057

Farmers & Merchants Savings Bank is headquartered in Manchester and is the 41st largest bank in the state of Iowa. It is also the 1,811st largest bank in the nation. It was established in 1925 and as of December of 2013, it had grown to 64 employees at 6 locations. Farmers & Merchants Savings Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Farmers & Merchants Savings Bank had $1.53 million in non-current loans and owned real-estate with $39.74 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Savings Bank a Texas Ratio of 3.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Farmers & Merchants Savings Bank experienced no significant changes from 4.25% as of December 31, 2012 to 3.85% as of December 31, 2013, resulting in a positive change of 9.42%.This indicates that the balance sheet and financial strength for Farmers & Merchants Savings Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Farmers & Merchants Savings Bank has decreased its total deposits by -$15.4 million, resulting in -4.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers & Merchants Savings Bank has shown is below average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers & Merchants Savings Bank has $361.76 million in assets with $39.74 million in equity, resulting in a capitalization level of 10.98%, which is above average.

Institution Statistics

Overall
FDIC Certificate #9298
Year Established1925
Employees64
Primary RegulatorFED
Assets and Liabilities
Assets$361.76 million
Loans$315.40 million
Deposits$308.43 million
Equity Capital$34.42 million
Loan Loss Allowance$5.32 million
Unbacked Noncurrent Loans$743,000
Real Estate Owned$787,000
Historic Data - December 2012
Assets$370.93 million
Equity Capital$33.26 million
Loan Loss Allowance$4.13 million
Unbacked Noncurrent Loans$743,000
Real Estate Owned$734,000
Profit Margin - Quarterly
Net Interest Margin3.93%
Return on Assets1.33%
Return on Equity14.04%
Interest Income$15.60 million
Rates

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Locations


Farmers & Merchants Savings Bank Locations
Cedar Rapids Branch1st Avenue, N.E. At 40thCedar Rapids, IA 52401
Cedar Rapids Branch200 1st St SwCedar Rapids, IA 52404
Farmers & Merchants Savings Bank Branch220 West Main StreetAnamosa, IA 52205
Lino Lakes Branch7641 Lake DriveLino Lakes, MN 55014
Vadnais Heights Branch845 East County Road 32Vadnais Heights, MN 55127
Farmers & Merchants Savings BankMain and Franklin StreetsManchester, IA 52057