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


Farmers & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 5716
    Status: Active
    Federal Reserve ID: 763930
    Bank Holding Company (Regulatory Top Holder): Fmb Bancshares, Inc. (RSSDID: 1086814, Location: Lakeland, GA)
    Date Established: January 01, 1907
    WWW: http://www.fmb.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11751
    FDIC's unique #: 3897
    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: January 01, 1934
    Last Structure Change Effective Date: August 15, 2007
    Last Structure Change Process Date: August 31, 2007
    Last Data Update: August 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Carter Street, Lakeland, GA 31635
    County: Lanier
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Valdosta, GA (#46660)
    CBSA Metro Statistical Area: Valdosta, GA (#46660)
  • Financial Summary
  • Total assets: $593.1 mil
    Equity capital: $23.7 mil
    Deposits held in domestic offices: $555.7 mil
    Return on assets (ROA): -0.56% (-$3.3 mil)
    Quarterly return on assets: -0.90% (-$5.3 mil)
    Return on Equity (ROE): -14.09% (-$3.4 mil)
    Quarterly return on equity: -21.77% (-$5.2 mil)
    Net income: -$3.4 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -0.56% (-$3,321.4 mil)
    Quarterly Pretax return on assets: -0.90% (-$5,338.0 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
  • 124Total employees (full-time equivalent)
  • $593,109Total assets
  • $57,918Cash and due from depository institutions
  • $1,177Interest-bearing balances
  • $45,833Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $437,756Net loans & leases
  • $12,080Loan loss allowance
  • $0Trading account assets
  • $10,073Bank premises and fixed assets
  • $32,015Other real estate owned
  • $0Goodwill and other intangibles
  • $593,109Life insurance assets
  • $9,514All other assets
  • $569,440Total liabilities and capital
  • $555,672Total liabilities
  • $509,500Total deposits
  • $555,672Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,345Trading liabilities
  • $0Other borrowed funds
  • $2,423Subordinated debt
  • $23,669All other liabilities
  • $23,669Total equity capital
  • $23,669Total bank equity capital
  • $0Perpetual preferred stock
  • $585Common stock
  • $40,271Surplus
  • $-17,187Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46,068Income earned, not collected on loans
  • $0Earning assets
  • $4,673Long-term assets (5+ years)
  • $484,766Average Assets, year-to-date
  • $56,101Average Assets, quarterly
  • $599,776Volatile liabilities
  • $591,345Insider loans
  • $412,775FHLB advances
  • $592,235Loans and leases held for sale
  • $49Unused loan commitments
  • $49Tier 1 (core) risk-based capital
  • $22,735Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,863Restructured Loans and leases
  • $8,956Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,396Total interest income
  • $10,114Total interest expense
  • $18,282Net interest income
  • $4,189Provision for loan and lease losses
  • $700Total noninterest income
  • $0Fiduciary activities
  • $1,294Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$594Additional noninterest income
  • $18,394Total noninterest expense
  • $6,851Salaries and employee benefits
  • $1,409Premises and equipment expense
  • $10,134Additional noninterest expense
  • -$3,601Pre-tax net operating income
  • $217Securities gains (losses)
  • $0Applicable income taxes
  • -$3,384Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,384Net income attributable to bank
  • $0Net charge-offs
  • -$3,384Cash dividends
  • $3,775Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.56%Return on assets (ROA)
  • -0.56%Pretax return on assets
  • -14.09%Return on equity (ROE)
  • -14.09%Retained earnings to average equity (YTD only)
  • 0.82%Net charge-offs to loans
  • 110.97%Credit loss provision to net charge-offs
  • 0.16%Efficiency ratio
  • 96,902Assets per employee
  • 4.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 26.22%Noncurrent assets plus other real estate owned to assets
  • 13.17%Noncurrent loans to loans
  • 10.24%Net loans and leases to deposits
  • 78.78%Net loans and leases to core deposits
  • 83.68%Equity capital to assets
  • 3.99%Core capital (leverage) ratio
  • 3.84%Tier 1 risk-based capital ratio
  • 5.51%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $599,776Average earning assets
  • $24,017Average equity
  • $490,869Average loans

List of branches

  • 6 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03897Farmers & Merchants Bank110 Carter Street, Lakeland, GA 31635January 01, 1907Full Service Brick and Mortar
    1124Nashville Branch202 West Washington Avenue, Nashville, GA 31639July 15, 1924Full Service Brick and Mortar
    2359912Homerville BranchNorthwest U.S. 84 And Lakeview Drive, Homerville, GA 31634January 05, 2001Full Service Brick and Mortar
    3446947South Valdosta Branch1201 South Patterson, Valdosta, GA 31601January 18, 2006Full Service Brick and Mortar
    5472044Conyers Branch2140 Old Covington Road, Conyers, GA 30013Febuary 25, 2008Full Service Brick and Mortar
    6480009North Valdosta Branch3303 Inner Perimeter Rd, Valdosta, GA 31602December 31, 2007Full Service Brick and Mortar

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