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


  • Farmers & Merchants Bank in Monticello, Florida (FL), GA
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Farmers & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 11286
    Status: Active
    Federal Reserve ID: 271631
    Bank Holding Company (Regulatory Top Holder): Fmb Banking Corporation (RSSDID: 1084128, Location: Monticello, FL)
    Date Established: January 05, 1907
    WWW: http://www.fmbbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    FDIC's unique #: 7201
    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: Commercial Lending Specialization
    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: 200 East Washington Street, Monticello, FL 32344
    County: Jefferson
    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): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $425.2 mil
    Equity capital: $36.5 mil
    Deposits held in domestic offices: $349.2 mil
    Return on assets (ROA): 0.18% ($0.8 mil)
    Quarterly return on assets: 0.29% ($1.2 mil)
    Return on Equity (ROE): 2.15% ($0.8 mil)
    Quarterly return on equity: 3.40% ($1.3 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.18% ($765.4 mil)
    Quarterly Pretax return on assets: 0.29% ($1,233.2 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
  • 95Total employees (full-time equivalent)
  • $425,245Total assets
  • $49,930Cash and due from depository institutions
  • $115Interest-bearing balances
  • $71,106Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $273,601Net loans & leases
  • $3,723Loan loss allowance
  • $0Trading account assets
  • $12,216Bank premises and fixed assets
  • $5,361Other real estate owned
  • $0Goodwill and other intangibles
  • $425,245Life insurance assets
  • $13,031All other assets
  • $388,702Total liabilities and capital
  • $349,151Total liabilities
  • $281,882Total deposits
  • $349,151Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 15035.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,000Trading liabilities
  • $0Other borrowed funds
  • $3,516Subordinated debt
  • $36,543All other liabilities
  • $36,543Total equity capital
  • $36,543Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $5,300Surplus
  • $30,643Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,961Income earned, not collected on loans
  • $0Earning assets
  • $1,382Long-term assets (5+ years)
  • $344,822Average Assets, year-to-date
  • $110,796Average Assets, quarterly
  • $423,600Volatile liabilities
  • $424,141Insider loans
  • $294,802FHLB advances
  • $423,611Loans and leases held for sale
  • $8,501Unused loan commitments
  • $8,501Tier 1 (core) risk-based capital
  • $35,976Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,811Restructured Loans and leases
  • $3,513Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,746Total interest income
  • $2,599Total interest expense
  • $16,147Net interest income
  • $3,650Provision for loan and lease losses
  • $1,583Total noninterest income
  • $0Fiduciary activities
  • $2,238Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$655Additional noninterest income
  • $13,403Total noninterest expense
  • $5,835Salaries and employee benefits
  • $1,433Premises and equipment expense
  • $6,135Additional noninterest expense
  • $677Pre-tax net operating income
  • $88Securities gains (losses)
  • $0Applicable income taxes
  • $765Income before extraordinary items
  • $0Extraordinary gains - net
  • $765Net income attributable to bank
  • $0Net charge-offs
  • $765Cash dividends
  • $3,712Sale, conversion, retirement of capital stock, net
  • $216Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 2.15%Return on equity (ROE)
  • 1.54%Retained earnings to average equity (YTD only)
  • 1.30%Net charge-offs to loans
  • 98.33%Credit loss provision to net charge-offs
  • 1.17%Efficiency ratio
  • 75,595Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.24%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 23.33%Noncurrent assets plus other real estate owned to assets
  • 5.01%Noncurrent loans to loans
  • 5.76%Net loans and leases to deposits
  • 78.36%Net loans and leases to core deposits
  • 82.30%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 12.20%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $423,600Average earning assets
  • $35,587Average equity
  • $357,064Average loans

List of branches

  • 7 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07201Farmers & Merchants Bank200 East Washington Street, Monticello, FL 32344January 05, 1907Full Service Brick and Mortar
    1224303Mahan Drive Branch2626 Mahan Drive, Tallahassee, FL 32317March 13, 1991Full Service Brick and Mortar
    2224304Parkway Branch2000 Apalachee Parkway, Tallahassee, FL 32301October 24, 1994Full Service Brick and Mortar
    3224305North Monroe Branch3490 North Monroe Street, Tallahassee, FL 32302May 15, 1995Full Service Brick and Mortar
    4224306Greenville Branch109 South Grand Street, Greenville, FL 32331October 28, 1996Full Service Brick and Mortar
    5224307Metropolitan Center Branch3320 Thomasville Road, Tallahassee, FL 32308April 14, 1997Full Service Brick and Mortar
    8441861West Tennessee Street Branch4210 W. Tennessee Street, Tallahassee, FL 32304August 13, 2004Limited Service Facility
  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6135721313 East Jackson Street Branch1313 East Jackson Street, Thomasville, GA 31792June 01, 1932Full Service Brick and Mortar

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