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 Board

Farmers & Merchants State Bank Board of Directors

Statement of Condition

At the close of business December 31, 2015

Assets

Cash and Due

$15,918,069

U.S. Government Securities

$1,500,957

U.S. Government Agency Securities

$11,632,173

Municipal Bonds

$42,837,208

Federal Home Loan Bank Stock

$269,400

Loans

$114,046,257

Federal Funds Sold

$0

Bank Buildings, Equipment, Furnishings, and Fixtures

$1,609,238

Other Assets

$2,323,649

   

Total Assets

$190,136,951

 

Liabilities and Capital

Deposits:

 

Demand: $59,343,877

 

Savings: $101,474,509

 

Total Deposits

$160,818,386

Capital Stock

$334,375

Surplus

$2,100,000

Undivided Profits

$19,874,041

Reserves

$1,194,052

Other Liabilities

$5,816,097

   

Total Liabilities and Capital

$190,136,951