Farmers & Merchants Bank in Eatonton, Georgia (GA)



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Farmers & Merchants Bank routing number info

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Farmers & Merchants Bank
GeneralFDIC Certificate #: 9069
Status: Active
Federal Reserve ID: 64730
Bank Holding Company (Regulatory Top Holder): Putnam-Greene Financial Corporation (RSSDID: 1246252, Location: Eatonton, GA)
Date Established: November 15, 1922
WWW: http://www.ibankfmb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 5805
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: March 14, 2007
Last Structure Change Process Date: March 23, 2007
Last Data Update: March 23, 2007
Data Source Date: April 05, 2012
LocationAddress: 100 South Madison Avenue, Eatonton, GA 31024
County: Putnam
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Financial SummaryTotal assets: $215.9 mil
Equity capital: $24.0 mil
Deposits held in domestic offices: $174.6 mil
Return on assets (ROA): 0.48% ($1.0 mil)
Quarterly return on assets: 0.24% ($0.5 mil)
Return on Equity (ROE): 4.43% ($1.1 mil)
Quarterly return on equity: 2.17% ($0.5 mil)
Net income: $1.0 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.64% ($1,381.8 mil)
Quarterly Pretax return on assets: 0.28% ($604.5 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)51
Total assets$215,902
Cash and due from depository institutions$16,733
Interest-bearing balances$14,214
Securities$64,380
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$121,999
Loan loss allowance $2,723
Trading account assets$0
Bank premises and fixed assets$2,963
Other real estate owned$6,263
Goodwill and other intangibles$0
All other assets$3,564
Life insurance assets$215,902
Total liabilities and capital$191,901
Total liabilities$174,555
Total deposits$153,324
Interest-bearing deposits$174,555
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,800
Other borrowed funds $0
Subordinated debt $546
All other liabilities $24,001
Total equity capital$24,001
Total bank equity capital$24,001
Perpetual preferred stock$0
Common stock$200
Surplus$20,850
Undivided profits $2,951
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 $22,721
Earning assets $0
Long-term assets (5+ years) $827
Average Assets, year-to-date $200,593
Average Assets, quarterly $82,046
Volatile liabilities $214,637
Insider loans $213,695
FHLB advances $138,669
Loans and leases held for sale $213,822
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,599
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,506
Derivatives$1,360
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,538
Total interest expense $2,520
Net interest income $7,018
Provision for loan and lease losses $800
Total noninterest income $512
Fiduciary activities $0
Service charges on deposit accounts $283
Trading account gains & fees $0
Additional noninterest income $229
Total noninterest expense $5,587
Salaries and employee benefits $2,755
Premises and equipment expense $446
Additional noninterest expense $2,386
Pre-tax net operating income $1,143
Securities gains (losses) $229
Applicable income taxes $348
Income before extraordinary items $1,024
Extraordinary gains - net $0
Net income attributable to bank $1,024
Net charge-offs $0
Cash dividends $1,024
Sale, conversion, retirement of capital stock, net $1,259
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 assets4.75%
Cost of funding earning assets 1.26%
Net interest margin 3.50%
Noninterest income to earning assets 0.26%
Noninterest expense to earning assets 2.78%
Net operating income to assets 0.40%
Return on assets (ROA) 0.48%
Pretax return on assets 0.64%
Return on equity (ROE) 4.43%
Retained earnings to average equity (YTD only) 4.43%
Net charge-offs to loans 0.94%
Credit loss provision to net charge-offs 63.54%
Efficiency ratio1.54%
Assets per employee$74,197
Cash dividends to net income (YTD only)4.23%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.18%
Noncurrent assets plus other real estate owned to assets 11.98%
Noncurrent loans to loans 13.42%
Net loans and leases to deposits18.22%
Net loans and leases to core deposits 69.89%
Equity capital to assets 78.65%
Core capital (leverage) ratio 11.12%
Tier 1 risk-based capital ratio 11.04%
Total risk-based capital ratio 17.02%
Memoranda
Average assets$18
Average earning assets$214,637
Average equity $23,115
Average loans $200,635
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2 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05805Farmers & Merchants Bank100 South Madison Avenue, Eatonton, GA 31024November 15, 1922Full Service Brick and Mortar
1465554Oconee Parkway Branch1011 Lake Oconee Parkway, Eatonton, GA 31024May 23, 2005Full Service Brick and Mortar
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