Farmers & Merchants Bank in Statesboro, Georgia (GA)

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Farmers & Merchants Bank routing number info

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Farmers & Merchants Bank
GeneralFDIC Certificate #: 16673
Status: Active
Federal Reserve ID: 22936
Bank Holding Company (Regulatory Top Holder): Fmb Equibanc, Inc. (RSSDID: 2922348, Location: Statesboro, GA)
Date Established: Febuary 17, 1948
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 10640
FDIC's unique #: 10802
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 17, 1948
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: 139 And 201 North Main Street, Statesboro, GA 30458
County: Bulloch
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Savannah
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Statesboro, GA (#44340)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $217.1 mil
Equity capital: $9.8 mil
Deposits held in domestic offices: $202.9 mil
Return on assets (ROA): -3.74% (-$8.1 mil)
Quarterly return on assets: -0.23% (-$0.5 mil)
Return on Equity (ROE): -68.26% (-$6.8 mil)
Quarterly return on equity: -5.32% (-$0.5 mil)
Net income: -$9.2 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -3.74% (-$8,118.1 mil)
Quarterly Pretax return on assets: -0.23% (-$499.2 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)59
Total assets$217,062
Cash and due from depository institutions$28,453
Interest-bearing balances$26,762
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$150,596
Loan loss allowance $5,976
Trading account assets$0
Bank premises and fixed assets$3,704
Other real estate owned$16,936
Goodwill and other intangibles$0
All other assets$2,737
Life insurance assets$217,062
Total liabilities and capital$207,283
Total liabilities$202,933
Total deposits$167,007
Interest-bearing deposits$202,933
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,583
Other borrowed funds $0
Subordinated debt $767
All other liabilities $9,779
Total equity capital$9,779
Total bank equity capital$9,779
Perpetual preferred stock$0
Common stock$725
Undivided profits $-10,074
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 $7,780
Earning assets $0
Long-term assets (5+ years) $1,433
Average Assets, year-to-date $191,994
Average Assets, quarterly $4,639
Volatile liabilities $247,153
Insider loans $224,234
FHLB advances $158,002
Loans and leases held for sale $226,012
Unused loan commitments $65
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,775
Total risk weighted assets $65
Total unused commitments $0
Restructured Loans and leases $11,709
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,968
Total interest expense $3,470
Net interest income $7,498
Provision for loan and lease losses $10,150
Total noninterest income $1,870
Fiduciary activities $0
Service charges on deposit accounts $1,261
Trading account gains & fees $0
Additional noninterest income $609
Total noninterest expense $8,458
Salaries and employee benefits $2,913
Premises and equipment expense $692
Additional noninterest expense $4,853
Pre-tax net operating income -$9,240
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$9,240
Extraordinary gains - net $0
Net income attributable to bank -$9,240
Net charge-offs $0
Cash dividends -$9,240
Sale, conversion, retirement of capital stock, net $10,926
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 1.52%
Net interest margin 3.29%
Noninterest income to earning assets 0.82%
Noninterest expense to earning assets 3.71%
Net operating income to assets -3.74%
Return on assets (ROA) -3.74%
Pretax return on assets -3.74%
Return on equity (ROE) -68.26%
Retained earnings to average equity (YTD only) -68.26%
Net charge-offs to loans 5.96%
Credit loss provision to net charge-offs 92.90%
Efficiency ratio0.08%
Assets per employee$90,286
Cash dividends to net income (YTD only)3.68%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.82%
Noncurrent assets plus other real estate owned to assets 76.81%
Noncurrent loans to loans 11.39%
Net loans and leases to deposits4.97%
Net loans and leases to core deposits 74.21%
Equity capital to assets 79.62%
Core capital (leverage) ratio 4.51%
Tier 1 risk-based capital ratio 4.32%
Total risk-based capital ratio 6.19%
Average assets$7
Average earning assets$247,153
Average equity $13,537
Average loans $227,754
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4 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010802Farmers & Merchants Bank139 And 201 North Main Street, Statesboro, GA 30458Febuary 17, 1948Full Service Brick and Mortar
1238551Statesboro Branch620 South Zetterower Street, Statesboro, GA 30458October 18, 1976Full Service Brick and Mortar
3238553North Parker Avenue Branch29 North Parker Avenue, Brooklet, GA 30415January 07, 1991Full Service Brick and Mortar
4447251Brannen Street Branch777 Brannen Street, Statesboro, GA 30458January 23, 2006Full Service Brick and Mortar
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