Merchants and Farmers Bank of Comer, Georgia - Overview
General
FDIC Certificate #: 15337 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Citizens Bank and Trust Company, Inc. (#15504) Federal Reserve ID: 402837 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 9670 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 16, 1936 Last Structure Change Effective Date: October 17, 2009 Last Structure Change Process Date: November 24, 2009 Last Data Update: November 24, 2009 Data Source Date: April 05, 2012
Location
Address: 406 Sunset Avenue, Comer, GA 30629 County: Madison Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Atlanta Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Athens, GA (#500) Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020) CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
Financial Summary
Total assets: $163.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
46Total employees (full-time equivalent)
$167,354Total assets
$4,026Cash and due from depository institutions
$0Interest-bearing balances
$37,187Securities
$4,718Federal funds sold & reverse repurchase agreements
$94,098Net loans & leases
$1,881Loan loss allowance
$0Trading account assets
$3,430Bank premises and fixed assets
$217Other real estate owned
$17,222Goodwill and other intangibles
$4,441Life insurance assets
$6,456All other assets
$167,354Total liabilities and capital
$131,088Total liabilities
$127,720Total deposits
$110,725Interest-bearing deposits
$127,720Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$1,368All other liabilities
$36,266Total equity capital
$36,266Total bank equity capital
$36,266Perpetual preferred stock
$0Common stock
$96Surplus
$9,352Undivided profits
Memoranda
$26,818Noncurrent loans and leases
$5,879Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,110Earning assets
$0Long-term assets (5+ years)
$1,293Average Assets, year-to-date
$136,003Average Assets, quarterly
$24,808Volatile liabilities
$168,318Insider loans
$172,335FHLB advances
$19,265Loans and leases held for sale
$556Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,879Total unused commitments
$0Restructured Loans and leases
$1,384Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$5,557Total interest income
$2,241Total interest expense
$3,316Net interest income
$1,609Provision for loan and lease losses
$1,336Total noninterest income
$0Fiduciary activities
$1,135Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$2,989Total noninterest expense
$1,662Salaries and employee benefits
$317Premises and equipment expense
$1,010Additional noninterest expense
$54Pre-tax net operating income
$123Securities gains (losses)
$63Applicable income taxes
$114Income before extraordinary items
$0Extraordinary gains - net
$114Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$896Sale, conversion, retirement of capital stock, net
$720Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.86%Yield on earning assets
1.56%Cost of funding earning assets
2.30%Net interest margin
0.93%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
0.02%Net operating income to assets
0.07%Return on assets (ROA)
0.11%Pretax return on assets
0.39%Return on equity (ROE)
-2.05%Retained earnings to average equity (YTD only)
0.93%Net charge-offs to loans
179.58%Credit loss provision to net charge-offs
1.86%Efficiency ratio
64,252Assets per employee
3.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
631.58%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
60.48%Noncurrent assets plus other real estate owned to assets
1.99%Noncurrent loans to loans
3.24%Net loans and leases to deposits
73.68%Net loans and leases to core deposits
86.76%Equity capital to assets
21.67%Core capital (leverage) ratio
13.40%Tier 1 risk-based capital ratio
18.75%Total risk-based capital ratio
Memoranda
$20Average assets
$168,318Average earning assets
$29,606Average equity
$143,964Average loans
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