Farmers & Merchants Bank in Lakeland, Georgia (GA)

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Farmers & Merchants Bank routing number info

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Farmers & Merchants Bank
GeneralFDIC 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
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)124
Total assets$593,109
Cash and due from depository institutions$57,918
Interest-bearing balances$1,177
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$437,756
Loan loss allowance $12,080
Trading account assets$0
Bank premises and fixed assets$10,073
Other real estate owned$32,015
Goodwill and other intangibles$0
All other assets$9,514
Life insurance assets$593,109
Total liabilities and capital$569,440
Total liabilities$555,672
Total deposits$509,500
Interest-bearing deposits$555,672
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,345
Other borrowed funds $0
Subordinated debt $2,423
All other liabilities $23,669
Total equity capital$23,669
Total bank equity capital$23,669
Perpetual preferred stock$0
Common stock$585
Undivided profits $-17,187
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 $46,068
Earning assets $0
Long-term assets (5+ years) $4,673
Average Assets, year-to-date $484,766
Average Assets, quarterly $56,101
Volatile liabilities $599,776
Insider loans $591,345
FHLB advances $412,775
Loans and leases held for sale $592,235
Unused loan commitments $49
Tier 1 (core) risk-based capital $49
Tier 2 risk-based capital $22,735
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,863
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $28,396
Total interest expense $10,114
Net interest income $18,282
Provision for loan and lease losses $4,189
Total noninterest income $700
Fiduciary activities $0
Service charges on deposit accounts $1,294
Trading account gains & fees $0
Additional noninterest income -$594
Total noninterest expense $18,394
Salaries and employee benefits $6,851
Premises and equipment expense $1,409
Additional noninterest expense $10,134
Pre-tax net operating income -$3,601
Securities gains (losses) $217
Applicable income taxes $0
Income before extraordinary items -$3,384
Extraordinary gains - net $0
Net income attributable to bank -$3,384
Net charge-offs $0
Cash dividends -$3,384
Sale, conversion, retirement of capital stock, net $3,775
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 assets5.78%
Cost of funding earning assets 2.06%
Net interest margin 3.72%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 3.75%
Net operating income to assets -0.60%
Return on assets (ROA) -0.56%
Pretax return on assets -0.56%
Return on equity (ROE) -14.09%
Retained earnings to average equity (YTD only) -14.09%
Net charge-offs to loans 0.82%
Credit loss provision to net charge-offs 110.97%
Efficiency ratio0.16%
Assets per employee$96,902
Cash dividends to net income (YTD only)4.78%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.69%
Noncurrent assets plus other real estate owned to assets 26.22%
Noncurrent loans to loans 13.17%
Net loans and leases to deposits10.24%
Net loans and leases to core deposits 78.78%
Equity capital to assets 83.68%
Core capital (leverage) ratio 3.99%
Tier 1 risk-based capital ratio 3.84%
Total risk-based capital ratio 5.51%
Average assets$7
Average earning assets$599,776
Average equity $24,017
Average loans $490,869
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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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