F&M Bank Winter 2010 Newsletter

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NorthEast Independent Living Services (NEILS)provides a wide range of services to persons withdisabilities. They offer four core services includingAdvocacy, Independent Living Skills Training,Information and Referral and Peer Counseling.Additional services are based on the needs of the

communities in the six northeast Missouri countiesthat they serve: Clark, Lewis, Marion, Monroe, Pike,and Ralls. Staff members are available to listenand assist with locating resources and developingstrategies to individuals to resolve problems relatingto housing, benefits, accessibility, discrimination andemployment.

NEILS was incorporated on August 2, 1994,beginning as a group of people with diverse physicaldisabilities in a grassroots effort to educate thebroader community about disability-related issues inthis part of the state. Less than two years later NEILSreceived funding and opened its doors for services.Three years ago a branch office was opened in

Kahoka, providing all of the same services as theHannibal office to Lewis and Clark counties.

Two and a half years ago NEILS purchased anew office building at 909 Broadway in Hannibal.This purchase has allowed for expansion of servicesas well as giving staff and consumers needed spaceto optimize services. There is a six car garage for

wheelchair accessible vans. In the basement a largeconference room provides meeting space for staff and local agencies as well as an area for supportmeetings for NEILS’ consumers.

NEILS has 12 full-time staff members, 1 part-timestaff member, and 3 volunteers. The staff is unique

in that federal statutes require that at least 51%be individuals with disabilities. The same mandateapplies to board members. This ensures that the staff understands the everyday struggles of individualswith disabilities. NEILS is incredibly proud of itsknowledgeable and professional staff.

F&M Bank has been overwhelmingly supportiveof NEILS. The bank has helped with securing loansfor expansion in recent years and with securing theloan for the building on Broadway. Brooke Kendrick,Executive Director of NEILS, states that, “Because of their (F&M’s) generosity, we have had the opportunityto serve more than 1,000 individuals who havedisabilities in northeast Missouri just in the past year

alone. Our consumers have a larger Center to cometo learn skills that assist them in living independently.F&M has made an investment in our communityby assisting a non-profit like ourselves in puttingresources into the hands of our local disabled andelderly residents.” NEILS is very appreciative of thesupport shown them by F&M Bank.

Brooke Kendrick, Executive Director, Hannibal, Missouri

Hannibal, MO

505 Broadway3912 Market StreetHighway 61 North

Account Information 1.800.606.6414MO Toll Free 1.877.221.6424www.bankfm.com

Monroe City, MO

O’Fallon, MO

Palmyra, MO

Shelbina, MO

Springfield, MO

St. Louis, MO

Quincy, IL

Quarterly Newsletter

Winter 2010volume 4 | issue 4

New Investment

Management Partnership

New Lobby at Main Branch

Sutor Joins F&M’s Wealth

Management Team

2011 First Quarter

Horizons Activities

Gorman & Gorman

Appointments

Cathy Jones

Raises a Runner...

From the

Gorman & Gorman Blog

It’s Time to Stop Whining

About the Stock Market’s

‘Lost Decade’

Outstanding Commitment

in the Banking Field

NorthEastIndependentLiving Services

(NEILS)

Customer Spotlight



Thursday, January 27thFiddlestiks Hannibal A local attorney, will discuss estate planningunder a new tax structure and what’s in storefor interest rates and the economy in 2011

Sunday, February 27thQuality Inn, Hannibal9th Anniversary Celebration Lunch

March 16th-23rdFlorida - Spring training week with the

St. Louis Cardinals in Orlando, Florida

Thursday, April 14th Fiddlestiks, Hannibal“What is my Junk Worth?” - Speaker to be announced

May (Date to be announced) St. Louis, MOThe Lemp Reality Tour - A rare visit to the Lemp

Mausoleum plus 12 other locations with a connection

to the Lemp family, narrated by Davidson Mullgardt,

historian and Stephen Walker author of “Lemp - The

Haunting History”.

For more inormation about Horizons Club orreservations, please contact any o our branch ofcesor call Joyce McAdams at 573.221.6425 ext. 308

2011 First Quarter Activities

New InvestmentManagementPartnership

F&M Bank and Trust CompanyWealth Management Groupadded a new investment servicein partnership with OBS FinancialServices and Dimensional Fund

Advisors.These alliances will allow

the Wealth Management GroupTrust Services to provide their unique brand of personalizedcustomer service and world classinvestment management servicesbased on 80 years of academicand psychological research tonew customer segments thathave traditionally been servedby mutual fund companies andinternet-based firms.

OBS Financial Services,Inc. (OBSFS) is an investmentmanagement provider toFinancial Institutions around thecountry. OBSFS is dedicatedto helping Financial Institutionsand their Wealth Managementprograms take their customer’sinvestments to the next level of profitability and growth. OBSFShas over $550 million in managedassets.

Dimensional Fund Advisors isa worldwide investment firm thatfocuses more on the science of investing rather than speculation.This company is known for setting the standard for innovativeportfolio design. DimensionalFund Advisors has over $187.9billion under management.

Karen Sutor is the latest member to join the F&M Bank and TrustCompany’s Wealth ManagementGroup. Karen started working for F&M in early October and comes tothe bank with over fifteen years of experience in trust administration,financial planning, and investmentmanagement. She has joined thebank as a Vice President and TrustOfficer.

Sutor will be helping peopledevelop smart and effectivestrategies for managing, preserving,and sharing their wealth, includinghow it will transfer to futuregenerations. She will be workingin the Hannibal, MO, office but willmake frequent trips to the Quincy,

IL, branch as well as the Palmyra,Shelbina, and Monroe Citybranches in Missouri.

Sutor graduated from CannonFinancial Institute of Trust witha Certification of Certified TrustFinancial Advisor (CFTA) and hascontinued to learn more aboutwhat it takes to be a success in theinvestments industry. While not atwork, Karen enjoys spending timewith her husband motorcycling,traveling, walking, and volunteeringwith various organizations.

Karen noted that since comingto work for F&M, she has learnedwhy F&M has continued to bea strong force in the bankingindustry. She said, “Despite the

economic challenges over thepast 139 years, business modhave changed, but the succesfrom doing the right thing hasnot, which is what F&M does swell. They treat their people acustomers right.”

Karen Sutor Joins F&M’s Wealth Management Team

Karen Sutor F&M’s Newest Vice President and Trust Officer

Have you seen the New Lobbyat F&M’s Main Branch?

A major transformation has been made to the lobby of the 505 Broadway branch

location. If you haven’t stopped by to see it - please do so!

You will love it as much as we do!

To our customers:

“Our previous lobby was basically the same since construction of our building in

1970. It served us well for 40 years. We now provide more privacy and better security

for customers, staff and efciency for both. We hope you can enjoy and relax in our

new lobby.” - Stevens Plowman



Gorman & Gorman Appointments

of Arts in Psychology fromthe University of Missouri, St.Louis and currently resides inRichmond Heights, Missouri.She is working out of theGorman & Gorman Home Loanshome office in Maryland Heights,

Missouri.Gorman & Gorman HomeLoans is a division of F&MBank and Trust Company, a140 year old community bank.Gorman & Gorman Home Loansconsistently ranks as a top 15mortgage lender in St. Louis,Missouri and can originate homeloans in all 50 states.

Gorman & Gorman HomeLoans recently announced theappointment of Melissa Walker as Assistant Vice President andSecondary Marketing Manager.

Melissa has over 10 yearsof consumer lending experienceincluding processing, underwriting,

sales and management. She willbe responsible for creating andmaintaining investor relationships.Her expertise will allow Gorman& Gorman Home Loans to offer superior rates and loan products tomore consumers.

Melissa is a Licensed MissouriMortgage Loan Officer and also isa Certified Loan Originator with theMissouri Housing and DevelopmentCommission (MHDC). She is anactive member of the MissouriBankers Association (MBA) of St.Louis and has served on the Board of Directors and multiple Legislative &Educational Committees.

Melissa received a Bachelors

Gorman & Gorman HomeLoans recently announced theappointment of Mickey Thiel, as

of the National Association of Professional Mortgage Women

(NAPMW) and is currently itsNational News Editor. Mickey isa Certified Mortgage Instructor through the NAPMW.

Mickey received a Bachelorsof Business Administrationfrom Fontbonne University andcurrently resides in Kirkwood,Missouri. She is working out of the Gorman & Gorman HomeLoans home office in MarylandHeights, Missouri.

Senior Vice President of MortgageBanking Operations.

Mickey has over 20 years of consumer lending, underwriting, andoperational management experience.Most recently she was Vice Presidentof Lending Operations at PulaskiBank. Before joining Pulaski Bank,Mickey was Senior Underwriter atAIG United Guaranty.

Mickey is an active member of theMortgage Bankers Association (MBA)of St. Louis and currently serveson the Board of Governors and isChair of its Call To Action legislationcommittee. Mickey is also a member

Melissa Walker Assistant Vice President and

Secondary Marketing Manager

Mickey ThielSenior Vice President of

Mortgage Banking Operations

From the Gorman & Gorman B

After a brief

rebound,

mortgage mark

struggles again

Mortgage bond markets trading lower early today after3-day rise being pressured lowas investors move out of the shaven trade and into more risassets such as stocks, gold, oand other commodities. The smarket is benefiting from theannouncement from the WhiteHouse that the “Bush Era TaxCuts” will be extended for 2 yealong with unemployment benbeing extended for those whowas about to expire for.

The ongoing economic a

political woes out of Europe hbeen helping the US bond anmortgage markets. Besides thighly documented banking adebt problems within in Europthe political problems provide headwind to a clear solution abring an air of uncertainty - whdrives investors into the safehaven of the US treasury andmortgage bonds.

Rates started going up inearly November after monthsof record low rates and they

never turned back during themonth. We officially had our fiincrease in home loan rates sApril, though rates remain belwhere they were at the beginnof the year. What happened?Interest rates eased and thestock market rallied in Octobepartially in anticipation of theFederal Reserve’s announcemthat they were going to continstimulus efforts by purchasing$600 billion in assets to keeplong-term rates down.

There was also someconcern that the FederalReserve’s move (QE2) couldcause an uptick in inflation,though certainly not in the shorun judging by the most recenstatistics. Rates were really gup because there was evidenof the economy getting strong

To read the complete blog www.thegormanblog.com

Cathy Jones of F&M’s Main Branch, and her husband Terry, say that their sonSean was always an active child. He loved soccer and baseball and he couldusually be found playing one of those sports. Fast forward to 7th grade this year.That’s when Sean decided to join the cross-country team at Hannibal MiddleSchool. That turned out to be a good decision. He participated in seven meets,earning a medal in each meet.

Sean kept running after cross-country season was over. He put his skill andtalent to good use by running in two events for charity. The first was Run or Ridefor the Ribbon to benefit breast cancer. He finished in 3rd place. The second racewas the Glendale Firehouse Run to benefit families of firefighters killed in the lineof duty. He finished in 7th place.

Congratulations, Sean! We are proud of you!

Sean Jones,

son of Cathy Joneswith his running medals

Cathy Jones Raises a Runner...

Kristine HoxworthLoan Processing Specialist

Gorman & Gorman Home Loansrecently announced the appointmentof Kristine Hoxworth as LoanProcessing Specialist.

Kristine has over 12 yearsexperience loan processing,sales, and management in themortgage industry. Her expertiseincludes conventional investor loan products, as well as Federal

Housing Administration (FHA),U.S. Department of VeteranAffairs (VA), U.S. Departmentof Agriculture (USDA), and FHA203(k) Rehabilitation loans.

Kristine resides in Waterloo,Illinois. She is working out of theGorman & Gorman Home Loanshome office in Maryland Heights,Missouri.



F&M’s Wealth Management Team

John Stadsvold, Irene Meyers, Karen Sutor,

Debbie Stith & Eric Evers.

outside the S&P 500 had positivereturns over the last 10 years.

A Narrow Index The S&P 500 includes the

500 largest U.S. companies andrepresents a large part of the U.S.

stock market’s capitalization.But it is also a narrow index in thesense that it is dominated by a smaller number of large growth stocks (in thethree years leading up to the marketcrash of 2008, it was dominated by ahandful of financial stocks).

It leaves out roughly 60 percent of the world’s stock market capitalization,and, of course, does not cover thegovernment and corporate bondmarkets either.

This past decade has been aparticularly tough time for the S&P

500, says Craig L. Israelsen, a

Susan Wathen

23 Years

You are not alone if you are tiredof seeing headlines about the stockmarket’s alleged lost decade.Financial journalists and marketpundits alike have gone to town withthis story: From the end of 1999

through today, the stock markethas gone nowhere and investorshave made virtually nothing on their investments.

It makes for shocking headlines,but the story is, in a word, wrong.It is based on just one stock index—the Standard & Poor’s 500 Index–which stood at 1437 at the end of September 2000. Ten years later, atthe end of this past September, it haddeclined to 1141.

But most investors don’t put allof their money into one index. Those

who had just a little diversification

OutstandinCommitment

the Banking F

Board of Directors: Bayard Plowman, Chairman • Donald M. Bastian • Michael Bukstein, M.D. • William H. Craigmiles

Tom R. Dorsey, D.V.M. • Alvin (Spike) Ehrhardt • Mark Gorman • Charles Hickman • Jack Martin • Stevens Plowman

Paul Richards • Bill Sharp • Phillip Smith • Gordon Spilker

professor at Brigham Young Universitywho specializes in personal finance.He says the recent decade was oneof only four in which the S&P 500lost money—two back in the GreatDepression and the third covering the

period 1999 through 2008.But other parts of the investmentmarkets have offered positive returnsover the 10 years through Sept. 30.The bond markets were positive.Depending on the risk and maturityof bonds they held, investors earnedfrom 5 percent to almost 7 percent per year on bonds, according to indexesmaintained by Barclays Capital.Small Stocks Gain

Meanwhile, small U.S. value stocksdid much better, returning an averageof 7.7 percent per year, according to

the Russell 2000 value index.

“Tose who had just a little

diversifcation outside theS&P 500 had positive returnsover the last 10 years.”

IT’S TIME TO STOPWHINING ABOUT THESTOCK MARKET’S‘LOST DECADE’

Foreign stocks also outperformed the S&P 500 over the last 10 years. Big foreign stocks, as measured bythe MSCI World Index (with U.S stocks excluded) gainedalmost 3 percent per year.

Emerging markets stocks soared, returning anaverage of 13 percent per year, based on the MSCIEmerging Markets Index.Try A Little BalanceAn American investor who invested in a balanced

portfolio that included some foreign and emergingmarkets stocks, some small U.S. value stocks, andshort term bonds from around the world had a decentexperience over the decade. A simulated balancedportfolio of 60 percent stocks and 40 percent bondstracked by Dimensional Fund Advisors showed a 6.8percent average annual return.

Even better, the investor enjoyed real growth in hisportfolio after subtracting the effects of inflation.Over the 10 years ended in September the Consumer Price Index rose by 2.4 percent per year; the balancedinvestor earned 4.4 percent per year after inflation.

For more information contact Karen Sutor at 573-221-6425 (Hannibal area) & John Stadsvold at 636-379-3426 (O’Fallon area)

BALANCED INVESTMENT PORTFOLIOS

ENJOYED PROFITS AFTER INFLATION Marilyn Lucas

23 Years

Joyce McAdams

23 Years

Documents

F&M Bank Winter 2010 Newsletter