Farmers and Merchants Bank in Lafayette, Alabama (AL)



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Farmers and Merchants Bank routing number info

Table of contents:
Farmers and Merchants Bank
GeneralFDIC Certificate #: 13887
Status: Active
Federal Reserve ID: 446130
Bank Holding Company (Regulatory Top Holder): Farmers & Merchants Bancshares, Inc. (RSSDID: 1086485, Location: Lafayette, AL)
Date Established: January 30, 1934
WWW: http://www.fmlafayette.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 9676
FDIC's unique #: 8683
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: Febuary 13, 1934
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: 2 1st St Ne, Lafayette, AL 36862
County: Chambers
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Valley, AL (#46740)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $118.2 mil
Equity capital: $16.1 mil
Deposits held in domestic offices: $100.4 mil
Return on assets (ROA): 1.37% ($1.6 mil)
Quarterly return on assets: 1.45% ($1.7 mil)
Return on Equity (ROE): 10.14% ($1.6 mil)
Quarterly return on equity: 10.31% ($1.6 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.46% ($1,725.4 mil)
Quarterly Pretax return on assets: 1.53% ($1,808.1 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)33
Total assets$118,175
Cash and due from depository institutions$2,896
Interest-bearing balances$706
Securities$57,812
Federal funds sold & reverse repurchase agreements$9,100
Net loans & leases$43,042
Loan loss allowance $769
Trading account assets$0
Bank premises and fixed assets$956
Other real estate owned$729
Goodwill and other intangibles$0
All other assets$3,640
Life insurance assets$118,175
Total liabilities and capital$102,057
Total liabilities$100,409
Total deposits$88,176
Interest-bearing deposits$100,409
Deposits held in domestic offices$71
% insured (estimated)473.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,175
All other liabilities $16,118
Total equity capital$16,118
Total bank equity capital$16,118
Perpetual preferred stock$0
Common stock$400
Surplus$850
Undivided profits $14,868
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 $261
Earning assets $0
Long-term assets (5+ years) $795
Average Assets, year-to-date $110,660
Average Assets, quarterly $66,643
Volatile liabilities $110,720
Insider loans $115,311
FHLB advances $70,018
Loans and leases held for sale $113,244
Unused loan commitments $1,815
Tier 1 (core) risk-based capital $1,406
Tier 2 risk-based capital $15,240
Total risk weighted assets $409
Total unused commitments $0
Restructured Loans and leases $2,863
Derivatives$627
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,147
Total interest expense $880
Net interest income $4,267
Provision for loan and lease losses $127
Total noninterest income $444
Fiduciary activities $0
Service charges on deposit accounts $307
Trading account gains & fees $0
Additional noninterest income $137
Total noninterest expense $2,970
Salaries and employee benefits $1,437
Premises and equipment expense $364
Additional noninterest expense $1,169
Pre-tax net operating income $1,614
Securities gains (losses) $3
Applicable income taxes $99
Income before extraordinary items $1,518
Extraordinary gains - net $0
Net income attributable to bank $1,518
Net charge-offs $0
Cash dividends $1,518
Sale, conversion, retirement of capital stock, net $76
Net operating income $460
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.00%
Cost of funding earning assets 0.85%
Net interest margin 4.14%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.88%
Net operating income to assets 1.37%
Return on assets (ROA) 1.37%
Pretax return on assets 1.46%
Return on equity (ROE) 10.14%
Retained earnings to average equity (YTD only) 7.07%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 167.11%
Efficiency ratio22.91%
Assets per employee$63,044
Cash dividends to net income (YTD only)3.58%
Condition Ratios (%)
Loss allowance to loans 30.30%
Loss allowance to noncurrent loans 1.76%
Noncurrent assets plus other real estate owned to assets 294.64%
Noncurrent loans to loans 0.84%
Net loans and leases to deposits0.60%
Net loans and leases to core deposits 42.87%
Equity capital to assets 46.96%
Core capital (leverage) ratio 13.64%
Tier 1 risk-based capital ratio 13.46%
Total risk-based capital ratio 21.77%
Memoranda
Average assets$23
Average earning assets$110,720
Average equity $14,969
Average loans $102,983
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2 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08683Farmers And Merchants Bank2 1st St Ne, Lafayette, AL 36862January 30, 1934Full Service Brick and Mortar
1230589Cusseta Roads BranchPhillips And Cusseta Roads, Valley, AL 36854July 01, 1992Full Service Brick and Mortar
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