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



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Farmers & Merchants Bank routing number info

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Farmers & Merchants Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)95
Total assets$425,245
Cash and due from depository institutions$49,930
Interest-bearing balances$115
Securities$71,106
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$273,601
Loan loss allowance $3,723
Trading account assets$0
Bank premises and fixed assets$12,216
Other real estate owned$5,361
Goodwill and other intangibles$0
All other assets$13,031
Life insurance assets$425,245
Total liabilities and capital$388,702
Total liabilities$349,151
Total deposits$281,882
Interest-bearing deposits$349,151
Deposits held in domestic offices$88
% insured (estimated)15035.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$21,000
Other borrowed funds $0
Subordinated debt $3,516
All other liabilities $36,543
Total equity capital$36,543
Total bank equity capital$36,543
Perpetual preferred stock$0
Common stock$600
Surplus$5,300
Undivided profits $30,643
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $15,961
Earning assets $0
Long-term assets (5+ years) $1,382
Average Assets, year-to-date $344,822
Average Assets, quarterly $110,796
Volatile liabilities $423,600
Insider loans $424,141
FHLB advances $294,802
Loans and leases held for sale $423,611
Unused loan commitments $8,501
Tier 1 (core) risk-based capital $8,501
Tier 2 risk-based capital $35,976
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $36,811
Derivatives$3,513
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $18,746
Total interest expense $2,599
Net interest income $16,147
Provision for loan and lease losses $3,650
Total noninterest income $1,583
Fiduciary activities $0
Service charges on deposit accounts $2,238
Trading account gains & fees $0
Additional noninterest income -$655
Total noninterest expense $13,403
Salaries and employee benefits $5,835
Premises and equipment expense $1,433
Additional noninterest expense $6,135
Pre-tax net operating income $677
Securities gains (losses) $88
Applicable income taxes $0
Income before extraordinary items $765
Extraordinary gains - net $0
Net income attributable to bank $765
Net charge-offs $0
Cash dividends $765
Sale, conversion, retirement of capital stock, net $3,712
Net operating income $216
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 0.73%
Net interest margin 4.52%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 3.75%
Net operating income to assets 0.16%
Return on assets (ROA) 0.18%
Pretax return on assets 0.18%
Return on equity (ROE) 2.15%
Retained earnings to average equity (YTD only) 1.54%
Net charge-offs to loans 1.30%
Credit loss provision to net charge-offs 98.33%
Efficiency ratio1.17%
Assets per employee$75,595
Cash dividends to net income (YTD only)4.48%
Condition Ratios (%)
Loss allowance to loans 28.24%
Loss allowance to noncurrent loans 1.34%
Noncurrent assets plus other real estate owned to assets 23.33%
Noncurrent loans to loans 5.01%
Net loans and leases to deposits5.76%
Net loans and leases to core deposits 78.36%
Equity capital to assets 82.30%
Core capital (leverage) ratio 8.59%
Tier 1 risk-based capital ratio 8.49%
Total risk-based capital ratio 12.20%
Memoranda
Average assets$13
Average earning assets$423,600
Average equity $35,587
Average loans $357,064
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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
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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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