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When Patrick and Carolyn Judd, owners oTe Daily Bread Bakery & Ca located in St.Louis, MO, set out to start their own business,they started rom the ground up. In 1989,ambitious and recent college graduates, Patrickand Carolyn started Te Daily Bread with nothingmore than an irresistible urge to consume asmuch knowledge about the baking industry asthey could and about $80 worth o old usedequipment, some o which was manuactured inthe 1940s. In the early years, the couple eaturedcookies and sandwiches in their rst shop in

University City, MO. A couple years later theyadded catering and delivery to their service.oday, ater tapping into some knowledge givento them by some German and French bakers,they now oer a wide variety o resh-bakedartisan bread, pastries, soups, salads, hearth-baked pizzas, their very own roasted coees,

smoked and roasted meats and sh, and o coursetheir traditional sandwiches and cookies.

In 2004, Te Judds realized ater nancingtheir new home, how competitive bank rateswere. So, ater some talking with other

businesses, they were directed to F&M Bank.Mark Gorman, with Gorman and Gorman, putus in touch with Frank Diillo at F&M Bank.Frank put together a very avorable SBA loanpackage that allowed us to reduce our interestrate and reduced our monthly payments resultingin an increased cash fow, says Patrick. Teyreally understood the needs o our business andappreciated the opportunities we had to grow.

When asked o all the things that they havelearned along the way, what was most importantto their success and has brought them to wherethey are today, the Judds said Tere are a couplekey things that are always relevant and important

when running ones own business. Its simple:hard work, good nancing, excellent customerand community relationships, committed andtalented sta, and a never-ending quest orknowledge and improvement. My avorite part omy job is to talk with our customers and developnew ways to grow our business through newproduct and innovation, says Patrick.

Te Daily Bread has been in business or morethan 20 years, and F&M Bank is proud to play asmall part in their continued success. F&M Bankhas helped us to ocus on what it really takes torun a business instead o worrying about cashfow, says Patrick. Te Daily Bread Bakery & Ca

is located at 11719 Manchester Rd., Saint Louis,MO. Phone orders can be placed by calling: 314-909-0010 and their hours are: Mon-Sat 6:00 amto 5:00 pm, Saturdays rom 6:30 am to 5 pm, andSundays 7:30 am to 4:00 pm

Hannibal, MO

505 Broadway

3912 Market Street

Highway 61 North

Account Information 1.800.606.6414

MO Toll Free 1.877.221.6424

www.bankfm.com

Monroe City, MO

OFallon, MO

Palmyra, MO

Shelbina, MO

Springeld, MO

St. Louis, MO

Quincy, IL

Quarterly Newsletter

Summer 2011volume 5 | issue 1

Branch Focus:

Springeld, MO

Horizons Club

In Memory of

Bayard Plowman

Home Loans... VA or FHA?

ABA Certications

Mark Gorman Appointed to

Missouri Residential

Mortgage Board

In Memory of

Michelle Marie Mickey Thiel

Understanding

Social Security Planning

Outstanding Commitment

in the Banking Field

The DailyBreadBakery & Caf

Customer Spotlight

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In Memory of

Bayard Plowman

1923-2011

Perseverance Loyalty

Intergrity

Board of Directors

1948-2011

As we go to print, you may beone of the 47 people traveling theMississippi River on the CelebrationBelle. Enjoy!

April 14th was a busy daywith the Senior EXPO and our ownversion of Antiques Roadshow.Thank you to our Horizons Clubmembers who brought items for ourthree auctioneers/antique dealersto examine and appraise. We allappreciated hearing the story andfamily history behind these items. Dont forget the National Tom

Sawyer Day Parade on July 4, 2011.We will again have special bleacherseating in front of the bank, freeparking in the bank lot and free water!!

The deadline has passed forreserving a place on the Portlandtrip. However, we are still takingreservations for: Culinary trip to TheHill, Fireside Theatre & House on TheRock and Best of Italy.

The Fireside Dinner Theatre isone of the Midwests most popularentertainment destinations and theonly Actors Equity dinner theatre

in Wisconsin. The Klopcic familyis proud to celebrate 47 years ofhospitality in charming, historic Fort

Atkinson.Thousands of people return to

The Fireside year after year, earningit a reputation as the Midwestspremier dinner theatre andWisconsins number one year-roundmotor coach attraction.

While at The Fireside DinnerTheatre, browse the unique giftshops, enjoy award-winning cuisine,and top off the evening with oneof the best professional theatreexperiences Wisconsin has to offer.

Our Best of Italy trip inNovember is almost full. Join

Joyce and our Tour Director forthis wonderful tour of some of themost beautiful towns in Italy (Rome,Florence for 4 nights and Lucca-Pisa). Take pleasure in the food,wine, entertainment, landscapes,museums and cities. Lest we forget,one afternoon is reserved forshopping.

For more inormation about Horizons Clubor reservations, please contact any o ourbranch oces or call Joyce McAdams at573.221.6425 ext. 308

Springeld, MO1540 East PrimroseSpringeld, MO 65804417.889.1920

M-F 9:00 a.m. - 5:00 p.m.

Branch Focus

Meet theGorman & Gorman

Springeld Team

Don CarrikerBranch Manager

Drexel SwansonLoan Ofcer

Allisa HesterLoan Ofcer

Assistant

Tyy WardMarketing Assistant

Loan Ofcer Assistant

Amy HayesLoan Processor

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VA or FHAHome Loan?

By April BaldwinSenior Vice President

Loan Ofcer

Who can apply for and receivea VA Loan?

Almost 30 million veterans and

service personnel are eligible

for VA nancing including

active duty personnel and

veterans who served in active

duty and were discharged

under conditions other than

dishonorable. In some

instances, members of the

Selected Reserve may be

eligible.

What are the advantages of

a VA Loan?

VA Loans are made without

any down payment at all, and

frequently offer lower interest

rates than ordinarily available

with other kinds of loans.

Plus, private mortgage is not

required where it is for most

low or no down payment loans.

What is an FHA Loanand why is it so popular?

This is a loan that is backed

by the Federal Housing

Administration. The program

allows for exible credit and

lower down payments - as little

as 3.5% down! And, the down

payment can come in the form

of a gift.

What does

Flexible Credit mean?

This means that the guidelines

on credit are more lenient. Theborrower can have less than

perfect credit. If a borrower is

told his/her credit score is too

low for a conventional mortgage,

they should look at FHA.

Why should I chooseF&M for my mortgage?F&M is truly a neighborhood,

hometown bank. We have 10

locations across Missouri and

Central Illinois. We promise

quick loan decisions and

personalized service that only

locally owned, hometown

banks can provide. We have

many mortgage loan options to

best suit your needs.

For more information

regarding home loans with

F&M Bank and Trust Companyvisit our website: bankfm.com

or call toll free 877.221.6424

to speak to a mortgage

specialist.

April Baldwin is the Senior Vice President of Branch Lending

at F&M Bank and Trust Company where she has been

involved in mortgage lending for over 20 years.

ABA CertifcationsUnder a license agreement with

American Bankers Association and thsubsidiary, Institute of Certied Banke

(ICB), F&M Bank was able to offerparticipation for 25 employees in ICBcertication program. ICB certicatioare acknowledged industry-wide asthe standard of excellence in nanci

services skills and knowledge.To earn certication, the employee

must rst obtain a certicate throughthe American Institute of Bankers (ABtraining program) by completing 10-12 online courses, must have at least

months experience in their eld, sign Professional Code of Ethics statemenand submit a letter of referencefrom their manager. To maintain theircertication status the employee

must complete six hours of continuingeducation every three years.

Four employees earned an ABAcerticate - three Small BusinessBanking Certicates and one Supervi

Certicate. On May 10th nineemployees took the Certied Custom

Service Representative (CCSR) examand seven employees took the CertiBank Teller (CBT) exam. All of the sixtewho took the exams passed.

The employees who completedcerticates and/or passed the

certication exam are:

Small Business Banking Certifcate:Joel Booth, Kelly Gaddis, Jeanette PoSupervisor Certifcate: Cheryl DamronCCSR: Michelle Kern, Nancy GoellnerMandy Shortridge, Holly CopenhaverSydney Copenhaver, Linda Flesner, JuDewey, Jaclyn Givan, Donna KeiserCBT: Amy Johnson, Amber BorgmeyeAshley Legg, Beth Haden, Chris MeffoTori Lehenbauer, Cari Quinlin

VA Home Loans Must be a Veteran

No down payment required Low closing costs Flexible credit

FHA Home Loans Down payment

as little as 3.5% Low closing costs

Flexible credit

For your home loan needsstop by any of our 10 Branches & speak to a Loan Specialist!

Michelle MarieMickey Tiel

Senior Vice President ofMortgage Banking Operations

1955-2011

Her warm presence & friendlysmile are deeply missed.

In Memory ofOn June 3, 2011 Governor Jay Nixon announcedappointments for various Missouri boards andcommissions. Included in these appointments wasour very own Mark Gorman. Mark was appointedto the Residential Mortgage Board.

The Residential Mortgage Board approvesor disapproves regulations proposed by theCommissioner of Finance with respect tomortgage brokering, hears and determines anyappeal from a denial or revocation of a mortgagebroker license or decision of the Commissionerpertaining to mortgage brokering.

Gorman Appointed to Residential Mortgage Board

by Governor Jay Nixon

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April Baldwin

23 Years

OutstandinCommitment

the Banking F

Board of Directors:Donald M. Bastian Michael Bukstein, M.D. William H. CraigmilesTom R. Dorsey, D.V.M. Alvin (Spike) Ehrhardt Mark Gorman Charles Hickman Jack Martin Stevens Plowman

Paul Richards Phillip Smith Gordon Spilker

UnderstandingSocial SecurityPlanningBy Eric Evers, CFP and Irene Meyers, Financial

Advisors with Money Concepts Financial

Planning Centre at F&M Bank

Debbie Stith

23 Years

Becky Blickhan

23 Years

Your social security benets may be taxabledepending on how much other income you earn.Tis includes earnings rom pensions, IRAs,investment income or earned income. It evenincludes income earned rom municipal bonds.

I your adjusted gross income, along withtax-exempt interest you receive, and one-hal oyour combined social security benets exceed$32,000, i you are married ling jointly, or$25,000 i you are single, then up to 50% oyour benets will be taxed. I your combinedincome exceeds $44,000, i married and lingjointly, or $34,000 i single, then up to 85% oyour benets will be taxed. I you are marriedling separately, 85% o your benets will besubject to income tax no matter how muchother income you have.

Tese levels were set in 1983 and have notbeen adjusted or infation. Since social securitybenets have increased and general incomelevels have risen over the last 26 years, moreand more retirees have to pay taxes on 85% otheir benets.

What can you do? Not a great deal. I you areapproaching retirement, it might make sense todelay taking social security retirement benets.Every year you delay will earn you delay credits.

Tese credits will increase your retirementbenets by 8% per year up to age 70. Te 8%does not include the annual cost o livingincrease, which would bring the dollar amountup urther. Lets look at an example:

A sixty-six year old woman attains ullretirement age. Since she has IRAs andpensions, she decides to wait until age 70 tocollect social security benets. I she had paidthe maximum into the system, she would beentitled to a monthly social security benet o$2,230. By waiting until age 70, that benetwould climb to $2,943 (not including annualcost o living increases). Meanwhile, she can liveon her pension or IRA distributions.

Some sources o income do not have the sameeect on the taxation o social security benets.Income rom a reverse mortgage is one example.An immediate annuity is another. With animmediate annuity, you are receiving partprincipal and part interest with every payment.Only the interest portion is considered ortaxation purposes. Lets look at an example:

A sixty-six year old buys a ve year immediateannuity or $100,000. Te annuity pays out$1,750 monthly or ve years. Only about 8%o that income will be included in the combinedincome or tax purposes.

What is the right course or you? Since every person

has diferent situations, there is no universalanswer. Te real key is to get proessional guidance.We will give you the insight you need to make aninormed decision.

All securities ofered through Money Concepts Capital Corp. Member:

FINRA/SIPC. Investments are not insured by the FDIC; are not deposits or

other obligations o F&M Bank and rust Company and are not guaranteed

by the Bank or its aliates; and are subject to investment risks, including

possible loss o the principal invested.

F&Ms Wealth Management Team

John Stadsvold, Irene Meyers, Karen Sutor,

Debbie Stith & Eric Evers.