Farmers and Merchants Bank of Ashland, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Founded on November 15, 1883 by Ernest A. Wiggenhorn, a native of Westphalia Germany, Farmers & Merchants Bank of Ashland is the oldest business in Ashland, Nebraska under continuous ownership by one family. Robert C. Fricke, current President is the Great- great Grandson of the founder. Fifth generation family members help out while attending school.

Steady growth of the bank has required four major expansions, including a drive up facility and the Barnes Oil Company Office. The Barnes Facility is listed on the National Register of Historic Places. From three employees in l883, the current staff is now 23 full and part time employees. The assets of the bank reached 67,000,000 in June of 2012.

Local ownership has meant a caring concern for the community over the past 130 years and a promise to continue that dedication to our customers and the Ashland area into the future.

Main Bank

1501 Silver Street
Ashland, NE
Monday thru Friday
9:00 AM - 4:00 PM
Saturday
8:30 AM - 11:30 AM