First Merchants Bank in Thomasville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 16, 1998

First Merchants Bank in Thomasville, Georgia (GA)
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First Merchants Bank - Overview

General
FDIC Certificate #: 19778
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers & Merchants Bank (#11286)
Federal Reserve ID: 770031
Date Established: June 01, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 13572
Numeric code: 21
Regulator: FDIC
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: December 21, 1967
Last Structure Change Effective Date: January 16, 1998
Last Structure Change Process Date: Febuary 20, 1998
Last Data Update: Febuary 20, 1998
Data Source Date: April 05, 2012
Location
Address: 1313 East Jackson Street, Thomasville, GA 31792
County: Thomas
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Thomasville, GA (#45620)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $27.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
15Total employees (full-time equivalent)
$27,006Total assets
$1,097Cash and due from depository institutions
$0Interest-bearing balances
$3,990Securities
$2,000Federal funds sold & reverse repurchase agreements
$17,888Net loans & leases
$146Loan loss allowance
$0Trading account assets
$970Bank premises and fixed assets
$25Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,036All other assets
$27,006Total liabilities and capital
$24,366Total liabilities
$23,557Total deposits
$19,157Interest-bearing deposits
$23,557Deposits held in domestic offices
0.00%% insured (estimated)
$399Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$410All other liabilities
$2,640Total equity capital
$2,640Total bank equity capital
$2,640Perpetual preferred stock
$0Common stock
$90Surplus
$2,060Undivided profits
Memoranda
$490Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$263Earning assets
$0Long-term assets (5+ years)
$179Average Assets, year-to-date
$23,878Average Assets, quarterly
$182Volatile liabilities
$26,744Insider loans
$26,970FHLB advances
$4,706Loans and leases held for sale
$297Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$829Total unused commitments
$0Restructured Loans and leases
$18,633Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$2,120Total interest income
$964Total interest expense
$1,156Net interest income
$84Provision for loan and lease losses
$513Total noninterest income
$0Fiduciary activities
$437Service charges on deposit accounts
$0Trading account gains & fees
$76Additional noninterest income
$1,203Total noninterest expense
$584Salaries and employee benefits
$127Premises and equipment expense
$492Additional noninterest expense
$382Pre-tax net operating income
$0Securities gains (losses)
$114Applicable income taxes
$268Income before extraordinary items
$0Extraordinary gains - net
$268Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$103Sale, conversion, retirement of capital stock, net
$125Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.11%Yield on earning assets
4.14%Cost of funding earning assets
4.97%Net interest margin
2.20%Noninterest income to earning assets
5.17%Noninterest expense to earning assets
1.00%Net operating income to assets
1.00%Return on assets (ROA)
1.43%Pretax return on assets
10.61%Return on equity (ROE)
5.66%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
81.55%Credit loss provision to net charge-offs
4.52%Efficiency ratio
72,079Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.64%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
55.51%Noncurrent assets plus other real estate owned to assets
1.07%Noncurrent loans to loans
1.46%Net loans and leases to deposits
75.93%Net loans and leases to core deposits
92.92%Equity capital to assets
9.78%Core capital (leverage) ratio
9.66%Tier 1 risk-based capital ratio
14.11%Total risk-based capital ratio
Memoranda
$15Average assets
$26,744Average earning assets
$2,526Average equity
$23,266Average loans

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