Farmers & Merchants Bank in Statesboro, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers & Merchants Bank in Statesboro, Georgia (GA)
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Farmers & Merchants Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 59Total employees (full-time equivalent)
  • $217,062Total assets
  • $28,453Cash and due from depository institutions
  • $26,762Interest-bearing balances
  • $14,136Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $150,596Net loans & leases
  • $5,976Loan loss allowance
  • $0Trading account assets
  • $3,704Bank premises and fixed assets
  • $16,936Other real estate owned
  • $0Goodwill and other intangibles
  • $217,062Life insurance assets
  • $2,737All other assets
  • $207,283Total liabilities and capital
  • $202,933Total liabilities
  • $167,007Total deposits
  • $202,933Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,583Trading liabilities
  • $0Other borrowed funds
  • $767Subordinated debt
  • $9,779All other liabilities
  • $9,779Total equity capital
  • $9,779Total bank equity capital
  • $0Perpetual preferred stock
  • $725Common stock
  • $19,128Surplus
  • $-10,074Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,780Income earned, not collected on loans
  • $0Earning assets
  • $1,433Long-term assets (5+ years)
  • $191,994Average Assets, year-to-date
  • $4,639Average Assets, quarterly
  • $247,153Volatile liabilities
  • $224,234Insider loans
  • $158,002FHLB advances
  • $226,012Loans and leases held for sale
  • $65Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,775Tier 2 risk-based capital
  • $65Total risk weighted assets
  • $0Total unused commitments
  • $11,709Restructured Loans and leases
  • $10,563Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,968Total interest income
  • $3,470Total interest expense
  • $7,498Net interest income
  • $10,150Provision for loan and lease losses
  • $1,870Total noninterest income
  • $0Fiduciary activities
  • $1,261Service charges on deposit accounts
  • $0Trading account gains & fees
  • $609Additional noninterest income
  • $8,458Total noninterest expense
  • $2,913Salaries and employee benefits
  • $692Premises and equipment expense
  • $4,853Additional noninterest expense
  • -$9,240Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$9,240Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,240Net income attributable to bank
  • $0Net charge-offs
  • -$9,240Cash dividends
  • $10,926Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • -3.74%Net operating income to assets
  • -3.74%Return on assets (ROA)
  • -3.74%Pretax return on assets
  • -68.26%Return on equity (ROE)
  • -68.26%Retained earnings to average equity (YTD only)
  • 5.96%Net charge-offs to loans
  • 92.90%Credit loss provision to net charge-offs
  • 0.08%Efficiency ratio
  • 90,286Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.82%Loss allowance to noncurrent loans
  • 76.81%Noncurrent assets plus other real estate owned to assets
  • 11.39%Noncurrent loans to loans
  • 4.97%Net loans and leases to deposits
  • 74.21%Net loans and leases to core deposits
  • 79.62%Equity capital to assets
  • 4.51%Core capital (leverage) ratio
  • 4.32%Tier 1 risk-based capital ratio
  • 6.19%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $247,153Average earning assets
  • $13,537Average equity
  • $227,754Average loans

List of branches

  • 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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