Our Mission Statement

  • Contribute to the honesty, integrity, stewardship and sense of trust in our community.
  • Serve the financial needs of the people living in and around our offices in Orient, St. Charles, and Winterset, Iowa in an honest and profitable way.
  • Provide a fair return to our shareholders who have invested in our community-owned and operated bank.

Farmers and Merchants State Bank Employees

Farmers & Merchants State Bank Employees

Farmers and Merchants State Bank Board

Farmers & Merchants State Bank Board of Directors

Statement of Condition

At the close of business December 31, 2014

Assets

Cash and Due

$10,078,838

U.S. Government Securities

$3,001,113

U.S. Government Agency Securities

$14,529,708

Municipal Bonds

$44,040,257

Federal Home Loan Bank Stock

$277,400

Loans

$110,056,476

Federal Funds Sold

$0

Bank Buildings, Equipment, Furnishings, and Fixtures

$1,713,250

Other Assets

$2,413,652

   

Total Assets

$186,110,694

 

Liabilities and Capital

Deposits:

 

Demand: $58,062,214

 

Savings: $100,200,568

 

Total Deposits

$158,262,782

Capital Stock

$334,375

Surplus

$2,100,000

Undivided Profits

$18,714,549

Reserves

$1,200,510

Other Liabilities

$5,498,478

   

Total Liabilities and Capital

$186,110,694