Quarterly Newsletter
Customer Spotlight
Brooke Kendrick, Executive Director, Hannibal, Missouri
NorthEast Independent Living Services (NEILS)
provides a wide range of services to persons with
disabilities. They offer four core services including
Advocacy, 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 counties
that they serve: Clark, Lewis, Marion, Monroe, Pike,
and Ralls. Staff members are available to listen
and assist with locating resources and developing
strategies to individuals to resolve problems relating
to housing, benefits, accessibility, discrimination and
employment.
NEILS was incorporated on August 2, 1994,
beginning as a group of people with diverse physical
disabilities in a grassroots effort to educate the
broader community about disability-related issues in
this part of the state. Less than two years later NEILS
received funding and opened its doors for services.
Three years ago a branch office was opened in
Kahoka, providing all of the same services as the
Hannibal office to Lewis and Clark counties.
Two and a half years ago NEILS purchased a
new office building at 909 Broadway in Hannibal.
This purchase has allowed for expansion of services
as well as giving staff and consumers needed space
to optimize services. There is a six car garage for
Hannibal, MO Monroe City, MO Springfield, MO
505 Broadway O’Fallon, MO St. Louis, MO
3912 Market Street Palmyra, MO Quincy, IL
Highway 61 North Shelbina, MO
Winter 2010
volume 4 | issue 4
NorthEast New Investment
Independent Management Partnership
Living Services New Lobby at Main Branch
(NEILS) Sutor Joins F&M’s Wealth
Management Team
2011 First Quarter
wheelchair accessible vans. In the basement a large
Horizons Activities
conference room provides meeting space for staff
and local agencies as well as an area for support
meetings for NEILS’ consumers.
NEILS has 12 full-time staff members, 1 part-time Gorman & Gorman
staff member, and 3 volunteers. The staff is unique Appointments
in that federal statutes require that at least 51%
be individuals with disabilities. The same mandate Cathy Jones
applies to board members. This ensures that the staff Raises a Runner...
understands the everyday struggles of individuals
with disabilities. NEILS is incredibly proud of its From the
knowledgeable and professional staff. Gorman & Gorman Blog
F&M Bank has been overwhelmingly supportive
of NEILS. The bank has helped with securing loans
for expansion in recent years and with securing the
loan for the building on Broadway. Brooke Kendrick, It’s Time to Stop Whining
Executive Director of NEILS, states that, “Because of About the Stock Market’s
their (F&M’s) generosity, we have had the opportunity ‘Lost Decade’
to serve more than 1,000 individuals who have
disabilities in northeast Missouri just in the past year Outstanding Commitment
alone. Our consumers have a larger Center to come in the Banking Field
to learn skills that assist them in living independently.
F&M has made an investment in our community
by assisting a non-profit like ourselves in putting
resources into the hands of our local disabled and
elderly residents.” NEILS is very appreciative of the
support shown them by F&M Bank.
Account Information 1.800.606.6414
MO Toll Free 1.877.221.6424
www.bankfm.com
New Investment
Management
Partnership
F&M Bank and Trust Company
Wealth Management Group
added a new investment service
in partnership with OBS Financial
Services and Dimensional Fund
Advisors.
These alliances will allow
the Wealth Management Group
Trust Services to provide their
unique brand of personalized
customer service and world class
investment management services
based on 80 years of academic
and psychological research to
new customer segments that
have traditionally been served
by mutual fund companies and
internet-based firms.
OBS Financial Services,
Inc. (OBSFS) is an investment
management provider to
Financial Institutions around the
country. OBSFS is dedicated
to helping Financial Institutions
and their Wealth Management
programs take their customer’s
investments to the next level of
profitability and growth. OBSFS
has over $550 million in managed
assets.
Dimensional Fund Advisors is
a worldwide investment firm that
focuses more on the science of
investing rather than speculation.
This company is known for
setting the standard for innovative
portfolio design. Dimensional
Fund Advisors has over $187.9
billion under management.
Have you seen the New Lobby
at 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 efficiency for both. We hope you can enjoy and relax in our
new lobby.” - Stevens Plowman
Karen Sutor Joins F&M’s Wealth Management Team
Karen Sutor is the latest member IL, branch as well as the Palmyra,
to join the F&M Bank and Trust Shelbina, and Monroe City
Company’s Wealth Management branches in Missouri.
Group. Karen started working for Sutor graduated from Cannon
F&M in early October and comes to Financial Institute of Trust with
the bank with over fifteen years of a Certification of Certified Trust
experience in trust administration, Financial Advisor (CFTA) and has
financial planning, and investment continued to learn more about
management. She has joined the what it takes to be a success in the
bank as a Vice President and Trust investments industry. While not at
Officer. work, Karen enjoys spending time Karen Sutor F&M’s Newest
Sutor will be helping people with her husband motorcycling, Vice President and Trust Officer
develop smart and effective traveling, walking, and volunteering economic challenges over the
strategies for managing, preserving, with various organizations. past 139 years, business models
and sharing their wealth, including Karen noted that since coming have changed, but the success
how it will transfer to future to work for F&M, she has learned from doing the right thing has
generations. She will be working why F&M has continued to be not, which is what F&M does so
in the Hannibal, MO, office but will a strong force in the banking well. They treat their people and
make frequent trips to the Quincy, industry. She said, “Despite the customers right.”

Thursday, January 27th Thursday, April 14th

2011 First Quarter Activities
For more information about Horizons Club or
reservations, please contact any of our branch offices
or call Joyce McAdams at 573.221.6425 ext. 308
Fiddlestiks Hannibal
A local attorney, will discuss estate planning
under a new tax structure and what’s in store
for interest rates and the economy in 2011
Sunday, February 27th
Quality Inn, Hannibal
9th Anniversary Celebration Lunch
March 16th-23rd
Florida - Spring training week with the
St. Louis Cardinals in Orlando, Florida
Fiddlestiks, Hannibal
“What is my Junk Worth?” - Speaker to be announced
May (Date to be announced)
St. Louis, MO
The 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”.
 Gorman & Gorman From the Gorman & Gorman Blog...

Appointments After a brief

Melissa Walker
Assistant Vice President and
Secondary Marketing Manager
Gorman & Gorman Home
Loans recently announced the
appointment of Melissa Walker
as Assistant Vice President and
Secondary Marketing Manager.
Melissa has over 10 years
of consumer lending experience
including processing, underwriting,
Mickey Thiel
Senior Vice President of
Mortgage Banking Operations
Gorman & Gorman Home
Loans recently announced the
appointment of Mickey Thiel, as
Kristine Hoxworth
Loan Processing Specialist
sales and management. She will
be responsible for creating and
maintaining investor relationships.
Her expertise will allow Gorman
& Gorman Home Loans to offer
superior rates and loan products to
more consumers.
Melissa is a Licensed Missouri
Mortgage Loan Officer and also is
a Certified Loan Originator with the
Missouri Housing and Development
Commission (MHDC). She is an
active member of the Missouri
Bankers Association (MBA) of St.
Louis and has served on the Board of
Directors and multiple Legislative &
Educational Committees.
Melissa received a Bachelors
Senior Vice President of Mortgage
Banking Operations.
Mickey has over 20 years of
consumer lending, underwriting, and
operational management experience.
Most recently she was Vice President
of Lending Operations at Pulaski
Bank. Before joining Pulaski Bank,
Mickey was Senior Underwriter at
AIG United Guaranty.
Mickey is an active member of the
Mortgage Bankers Association (MBA)
of St. Louis and currently serves
on the Board of Governors and is
Chair of its Call To Action legislation
committee. Mickey is also a member
Gorman & Gorman Home Loans
recently announced the appointment
of Kristine Hoxworth as Loan
Processing Specialist.
Kristine has over 12 years
experience loan processing,
sales, and management in the
mortgage industry. Her expertise
includes conventional investor
loan products, as well as Federal
of Arts in Psychology from
the University of Missouri, St.
Louis and currently resides in
Richmond Heights, Missouri.
She is working out of the
Gorman & Gorman Home Loans
home office in Maryland Heights,
Missouri.
Gorman & Gorman Home
Loans is a division of F&M
Bank and Trust Company, a
140 year old community bank.
Gorman & Gorman Home Loans
consistently ranks as a top 15
mortgage lender in St. Louis,
Missouri and can originate home
loans in all 50 states.
of the National Association of
Professional Mortgage Women
(NAPMW) and is currently its
National News Editor. Mickey is
a Certified Mortgage Instructor
through the NAPMW.
Mickey received a Bachelors
of Business Administration
from Fontbonne University and
currently resides in Kirkwood,
Missouri. She is working out of
the Gorman & Gorman Home
Loans home office in Maryland
Heights, Missouri.
Housing Administration (FHA),
U.S. Department of Veteran
Affairs (VA), U.S. Department
of Agriculture (USDA), and FHA
203(k) Rehabilitation loans.
Kristine resides in Waterloo,
Illinois. She is working out of the
Gorman & Gorman Home Loans
home office in Maryland Heights,
Missouri.
rebound,
mortgage market
struggles again
Mortgage bond markets are
trading lower early today after a
3-day rise being pressured lower
as investors move out of the safe
haven trade and into more riskier
assets such as stocks, gold, oil
and other commodities. The stock
market is benefiting from the
announcement from the White
House that the “Bush Era Tax
Cuts” will be extended for 2 years,
along with unemployment benefits
being extended for those who it
was about to expire for.
The ongoing economic and
political woes out of Europe had
been helping the US bond and
mortgage markets. Besides the
highly documented banking and
debt problems within in Europe,
the political problems provide a
headwind to a clear solution and
bring an air of uncertainty - which
drives investors into the safe
haven of the US treasury and
mortgage bonds.
Rates started going up in
early November after months
of record low rates and they
never turned back during the
month. We officially had our first
increase in home loan rates since
April, though rates remain below
where they were at the beginning
of the year. What happened?
Interest rates eased and the
stock market rallied in October
partially in anticipation of the
Federal Reserve’s announcement
that they were going to continue
stimulus efforts by purchasing
$600 billion in assets to keep
long-term rates down.

Cathy Jones Raises a Runner... There was also some

concern that the Federal
Reserve’s move (QE2) could
Cathy Jones of F&M’s Main Branch, and her husband Terry, say that their son
cause an uptick in inflation,
Sean was always an active child. He loved soccer and baseball and he could though certainly not in the short-
usually be found playing one of those sports. Fast forward to 7th grade this year. run judging by the most recent
That’s when Sean decided to join the cross-country team at Hannibal Middle statistics. Rates were really going
School. That turned out to be a good decision. He participated in seven meets, up because there was evidence
earning a medal in each meet. of the economy getting stronger.
Sean kept running after cross-country season was over. He put his skill and
talent to good use by running in two events for charity. The first was Run or Ride
for the Ribbon to benefit breast cancer. He finished in 3rd place. The second race To read the complete blog visit
was the Glendale Firehouse Run to benefit families of firefighters killed in the line www.thegormanblog.com
Sean Jones,
son of Cathy Jones of duty. He finished in 7th place.
with his running medals Congratulations, Sean! We are proud of you!
 IT’S TIME TO STOP
WHINING ABOUT THE
STOCK MARKET’S
‘LOST DECADE’

“Those who had just a little

Outstanding
diversification outside the Commitment in
S&P 500 had positive returns
over the last 10 years.”
the Banking Field

You are not alone if you are tired
of seeing headlines about the stock
market’s alleged lost decade.
Financial journalists and market
pundits alike have gone to town with
this story: From the end of 1999
through today, the stock market
has gone nowhere and investors
have 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, at
the end of this past September, it had
declined to 1141.
But most investors don’t put all
of their money into one index. Those
who had just a little diversification
outside the S&P 500 had positive
returns over the last 10 years.
A Narrow Index
The S&P 500 includes the
500 largest U.S. companies and
represents a large part of the U.S.
stock market’s capitalization.
But it is also a narrow index in the
sense that it is dominated by a smaller
number of large growth stocks (in the
three years leading up to the market
crash of 2008, it was dominated by a
handful of financial stocks).
It leaves out roughly 60 percent of
the world’s stock market capitalization,
and, of course, does not cover the
government and corporate bond
markets either.
This past decade has been a
particularly tough time for the S&P
500, says Craig L. Israelsen, a
professor at Brigham Young University
who specializes in personal finance.
He says the recent decade was one
of only four in which the S&P 500
lost money—two back in the Great
Depression and the third covering the
period 1999 through 2008.
But other parts of the investment
markets have offered positive returns
over the 10 years through Sept. 30. Susan Wathen
The bond markets were positive.
23 Years
Depending on the risk and maturity
of bonds they held, investors earned
from 5 percent to almost 7 percent per
year on bonds, according to indexes
maintained by Barclays Capital.
Small Stocks Gain
Meanwhile, small U.S. value stocks
did much better, returning an average
of 7.7 percent per year, according to
the Russell 2000 value index.

BALANCED INVESTMENT PORTFOLIOS

ENJOYED PROFITS AFTER INFLATION Marilyn Lucas
23 Years
Foreign stocks also outperformed the S&P 500 over
the last 10 years. Big foreign stocks, as measured by
the MSCI World Index (with U.S stocks excluded) gained
almost 3 percent per year.
Emerging markets stocks soared, returning an
average of 13 percent per year, based on the MSCI
Emerging Markets Index.
F&M’s Wealth Management Team
Try A Little Balance
John Stadsvold, Irene Meyers, Karen Sutor,
An American investor who invested in a balanced Debbie Stith & Eric Evers.
portfolio that included some foreign and emerging
markets stocks, some small U.S. value stocks, and
short term bonds from around the world had a decent Even better, the investor enjoyed real growth in his
experience over the decade. A simulated balanced portfolio after subtracting the effects of inflation.
Over the 10 years ended in September the Consumer Joyce McAdams
portfolio of 60 percent stocks and 40 percent bonds
tracked by Dimensional Fund Advisors showed a 6.8 Price Index rose by 2.4 percent per year; the balanced 23 Years
percent average annual return. investor 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)

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