Farmers & Merchants Bank of Trenton in Trenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 1997

Farmers & Merchants Bank of Trenton in Trenton, Florida (FL)
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Farmers & Merchants Bank of Trenton - Overview

General
FDIC Certificate #: 12077
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital City Bank (#9622)
Federal Reserve ID: 289832
Date Established: January 01, 1911
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 7674
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 18, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: U.S. Highway 129 And State Road 26, Trenton, FL 32693
County: Gilchrist
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
CBSA Metro Statistical Area: Gainesville, FL (#23540)
Financial Summary
Total assets: $37.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$40,315Cash and due from depository institutions
$1,936Interest-bearing balances
$0Securities
$7,553Federal funds sold & reverse repurchase agreements
$6,400Net loans & leases
$23,298Loan loss allowance
$340Trading account assets
$0Bank premises and fixed assets
$659Other real estate owned
$0Goodwill and other intangibles
$469Life insurance assets
$0All other assets
$0Total liabilities and capital
$40,315Total liabilities
$36,169Total deposits
$35,687Interest-bearing deposits
$26,880Deposits held in domestic offices
35687.00%% insured (estimated)
$80Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$482Total equity capital
$482Total bank equity capital
$4,146Perpetual preferred stock
$0Common stock
$233Surplus
$867Undivided profits
Memoranda
$3,046Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$71Income earned, not collected on loans
$181Earning assets
$37,251Long-term assets (5+ years)
$2,689Average Assets, year-to-date
$37,192Average Assets, quarterly
$38,432Volatile liabilities
$3,065Insider loans
$1,033FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,797Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,088Total risk weighted assets
$23,372Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,842Total interest expense
$912Net interest income
$1,930Provision for loan and lease losses
$6Total noninterest income
$420Fiduciary activities
$0Service charges on deposit accounts
$351Trading account gains & fees
$0Additional noninterest income
$69Total noninterest expense
$1,349Salaries and employee benefits
$680Premises and equipment expense
$191Additional noninterest expense
$478Pre-tax net operating income
$995Securities gains (losses)
$1Applicable income taxes
$290Income before extraordinary items
$706Extraordinary gains - net
$0Net income attributable to bank
$706Net charge-offs
$17Cash dividends
$500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.28%Cost of funding earning assets
2.66%Net interest margin
5.63%Noninterest income to earning assets
1.22%Noninterest expense to earning assets
3.93%Net operating income to assets
1.90%Return on assets (ROA)
1.90%Pretax return on assets
2.68%Return on equity (ROE)
17.57%Retained earnings to average equity (YTD only)
5.13%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
35.29%Efficiency ratio
57,404Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.82%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
478.87%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.30%Net loans and leases to deposits
65.28%Net loans and leases to core deposits
71.42%Equity capital to assets
10.28%Core capital (leverage) ratio
11.16%Tier 1 risk-based capital ratio
17.49%Total risk-based capital ratio
Memoranda
$19Average assets
$37,192Average earning assets
$4,019Average equity
$34,307Average loans

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