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, 2013

Assets

Cash and Due

$16,402,596

U.S. Government Securities

$3,548,633

U.S. Government Agency Securities

$17,083,860

Municipal Bonds

$42,880,755

Federal Home Loan Bank Stock

$275,100

Loans

$104,023,530

Federal Funds Sold

$0

Bank Buildings, Equipment, Furnishings, and Fixtures

$1,801,435

Other Assets

$2,296,944

   

Total Assets

$188,312,853

 

Liabilities and Capital

Deposits:

 

Demand: $59,605,196

 

Savings: $102,188,148

 

Total Deposits

$161,793,344

Capital Stock

$334,375

Surplus

$2,100,000

Undivided Profits

$17,259,308

Reserves

$1,150,510

Other Liabilities

$5,675,316

   

Total Liabilities and Capital

$188,312,853