Merchants & Farmers Bank in Holly Springs, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Merchants & Farmers Bank in Holly Springs, Mississippi (MS)
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Merchants & Farmers Bank routing number info

Merchants & Farmers Bank - Overview

  • General
  • FDIC Certificate #: 11446
    Status: Active
    Federal Reserve ID: 837840
    Bank Holding Company (Regulatory Top Holder): M & F Bancorp, Inc. (RSSDID: 1995523, Location: Holly Springs, MS)
    Date Established: March 15, 1899
    WWW: http://www.mandfbankhs.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 7309
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 650 Highway 7 South, Holly Springs, MS 38635
    County: Marshall
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $86.8 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $76.3 mil
    Return on assets (ROA): 0.90% ($0.8 mil)
    Quarterly return on assets: 0.84% ($0.7 mil)
    Return on Equity (ROE): 8.45% ($0.8 mil)
    Quarterly return on equity: 7.82% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.90% ($781.0 mil)
    Quarterly Pretax return on assets: 0.84% ($729.0 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $86,780Total assets
  • $15,079Cash and due from depository institutions
  • $11,977Interest-bearing balances
  • $24,003Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $40,655Net loans & leases
  • $563Loan loss allowance
  • $0Trading account assets
  • $2,572Bank premises and fixed assets
  • $910Other real estate owned
  • $0Goodwill and other intangibles
  • $86,780Life insurance assets
  • $3,561All other assets
  • $77,395Total liabilities and capital
  • $76,298Total liabilities
  • $63,823Total deposits
  • $76,298Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,097Subordinated debt
  • $9,385All other liabilities
  • $9,385Total equity capital
  • $9,385Total bank equity capital
  • $0Perpetual preferred stock
  • $129Common stock
  • $6,000Surplus
  • $3,256Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,803Income earned, not collected on loans
  • $0Earning assets
  • $490Long-term assets (5+ years)
  • $76,635Average Assets, year-to-date
  • $26,073Average Assets, quarterly
  • $86,867Volatile liabilities
  • $87,682Insider loans
  • $45,793FHLB advances
  • $88,376Loans and leases held for sale
  • $1,930Unused loan commitments
  • $954Tier 1 (core) risk-based capital
  • $8,931Tier 2 risk-based capital
  • $976Total risk weighted assets
  • $0Total unused commitments
  • $1,392Restructured Loans and leases
  • $2,369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,827Total interest income
  • $697Total interest expense
  • $3,130Net interest income
  • $527Provision for loan and lease losses
  • $1,182Total noninterest income
  • $0Fiduciary activities
  • $916Service charges on deposit accounts
  • -$9Trading account gains & fees
  • $275Additional noninterest income
  • $3,199Total noninterest expense
  • $1,778Salaries and employee benefits
  • $464Premises and equipment expense
  • $957Additional noninterest expense
  • $586Pre-tax net operating income
  • $192Securities gains (losses)
  • $0Applicable income taxes
  • $778Income before extraordinary items
  • $0Extraordinary gains - net
  • $778Net income attributable to bank
  • $0Net charge-offs
  • $778Cash dividends
  • $722Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.14%Net interest margin
  • 1.56%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 8.45%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 1.60%Net charge-offs to loans
  • 72.99%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 74,188Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.41%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 31.23%Noncurrent assets plus other real estate owned to assets
  • 3.13%Noncurrent loans to loans
  • 4.37%Net loans and leases to deposits
  • 53.28%Net loans and leases to core deposits
  • 60.35%Equity capital to assets
  • 10.81%Core capital (leverage) ratio
  • 10.11%Tier 1 risk-based capital ratio
  • 19.50%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $86,867Average earning assets
  • $9,203Average equity
  • $75,695Average loans

List of branches

  • 5 Mississippi Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    07309Merchants & Farmers Bank650 Highway 7 South, Holly Springs, MS 38635March 15, 1899Full Service Brick and Mortar
    1224645Drive-In BranchCollege And Spring Streets, Holly Springs, MS 38635April 08, 1970Limited Service Facility
    2224646Ashland BranchRoute 2 And Highway 5, Ashland, MS 38603September 30, 1975Full Service Brick and Mortar
    3248344Hickory Flat BranchHighway 178, Hickory Flat, MS 38633October 12, 1953Full Service Brick and Mortar
    4356729Byhalia Branch523 Highway 309 South, Byhalia, MS 38611June 19, 2000Full Service Brick and Mortar

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