Merchants & Farmers Bank of Greene County, Alabama - Overview
General
FDIC Certificate #: 855 Status: Active Federal Reserve ID: 376237 Bank Holding Company (Regulatory Top Holder): Merchants And Farmers Bancshares, Inc. (RSSDID: 2111432, Location: Eutaw, AL) Date Established: January 01, 1900 WWW:http://www.mfbusa.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 541 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: Febuary 24, 2011 Last Structure Change Process Date: Febuary 24, 2011 Last Data Update: Febuary 24, 2011 Data Source Date: April 05, 2012
Location
Address: 251 Prairie Avenue, Eutaw, AL 35462 County: Greene Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220) CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $58.2 mil Equity capital: $5.8 mil Deposits held in domestic offices: $48.1 mil Return on assets (ROA): 0.50% ($0.3 mil) Quarterly return on assets: 0.88% ($0.5 mil) Return on Equity (ROE): 5.02% ($0.3 mil) Quarterly return on equity: 8.44% ($0.5 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.47% ($273.5 mil) Quarterly Pretax return on assets: 0.69% ($401.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$58,201Total assets
$8,637Cash and due from depository institutions
$2,560Interest-bearing balances
$19,892Securities
$1,800Federal funds sold & reverse repurchase agreements
$25,937Net loans & leases
$302Loan loss allowance
$0Trading account assets
$240Bank premises and fixed assets
$423Other real estate owned
$0Goodwill and other intangibles
$58,201Life insurance assets
$1,272All other assets
$52,352Total liabilities and capital
$48,126Total liabilities
$27,312Total deposits
$48,126Interest-bearing deposits
$76Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,000Trading liabilities
$0Other borrowed funds
$226Subordinated debt
$5,849All other liabilities
$5,849Total equity capital
$5,849Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$1,455Surplus
$4,393Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$218Income earned, not collected on loans
$0Earning assets
$338Long-term assets (5+ years)
$50,189Average Assets, year-to-date
$18,954Average Assets, quarterly
$54,741Volatile liabilities
$55,901Insider loans
$26,678FHLB advances
$54,164Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,147Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,265Restructured Loans and leases
$87Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,358Total interest income
$426Total interest expense
$1,932Net interest income
$89Provision for loan and lease losses
$689Total noninterest income
$0Fiduciary activities
$493Service charges on deposit accounts
$0Trading account gains & fees
$196Additional noninterest income
$2,315Total noninterest expense
$1,279Salaries and employee benefits
$209Premises and equipment expense
$827Additional noninterest expense
$217Pre-tax net operating income
$41Securities gains (losses)
-$16Applicable income taxes
$274Income before extraordinary items
$0Extraordinary gains - net
$274Net income attributable to bank
$0Net charge-offs
$274Cash dividends
$152Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.74%Yield on earning assets
0.86%Cost of funding earning assets
3.89%Net interest margin
1.39%Noninterest income to earning assets
4.66%Noninterest expense to earning assets
0.43%Net operating income to assets
0.50%Return on assets (ROA)
0.47%Pretax return on assets
5.02%Return on equity (ROE)
5.02%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
58.55%Credit loss provision to net charge-offs
2.01%Efficiency ratio
88,325Assets per employee
2.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
138.53%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
0.83%Net loans and leases to deposits
53.89%Net loans and leases to core deposits
57.01%Equity capital to assets
10.05%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
19.29%Total risk-based capital ratio
Memoranda
$20Average assets
$54,741Average earning assets
$5,462Average equity
$49,705Average loans
List of branches
1 Alabama Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
541
Merchants & Farmers Bank Of Greene County, Alabama
251 Prairie Avenue, Eutaw, AL 35462
January 01, 1900
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
Merchants & Farmers Bank of Greene County, Alabama
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Merchants & Farmers Bank of Greene County, Alabama.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: