Farmers and Merchants Bank in Lafayette, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers and Merchants Bank in Lafayette, Alabama (AL)
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Farmers and Merchants Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 33Total employees (full-time equivalent)
  • $118,175Total assets
  • $2,896Cash and due from depository institutions
  • $706Interest-bearing balances
  • $57,812Securities
  • $9,100Federal funds sold & reverse repurchase agreements
  • $43,042Net loans & leases
  • $769Loan loss allowance
  • $0Trading account assets
  • $956Bank premises and fixed assets
  • $729Other real estate owned
  • $0Goodwill and other intangibles
  • $118,175Life insurance assets
  • $3,640All other assets
  • $102,057Total liabilities and capital
  • $100,409Total liabilities
  • $88,176Total deposits
  • $100,409Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 473.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,175Subordinated debt
  • $16,118All other liabilities
  • $16,118Total equity capital
  • $16,118Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $850Surplus
  • $14,868Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $261Income earned, not collected on loans
  • $0Earning assets
  • $795Long-term assets (5+ years)
  • $110,660Average Assets, year-to-date
  • $66,643Average Assets, quarterly
  • $110,720Volatile liabilities
  • $115,311Insider loans
  • $70,018FHLB advances
  • $113,244Loans and leases held for sale
  • $1,815Unused loan commitments
  • $1,406Tier 1 (core) risk-based capital
  • $15,240Tier 2 risk-based capital
  • $409Total risk weighted assets
  • $0Total unused commitments
  • $2,863Restructured Loans and leases
  • $627Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,147Total interest income
  • $880Total interest expense
  • $4,267Net interest income
  • $127Provision for loan and lease losses
  • $444Total noninterest income
  • $0Fiduciary activities
  • $307Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $2,970Total noninterest expense
  • $1,437Salaries and employee benefits
  • $364Premises and equipment expense
  • $1,169Additional noninterest expense
  • $1,614Pre-tax net operating income
  • $3Securities gains (losses)
  • $99Applicable income taxes
  • $1,518Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,518Net income attributable to bank
  • $0Net charge-offs
  • $1,518Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $460Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 10.14%Return on equity (ROE)
  • 7.07%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 167.11%Credit loss provision to net charge-offs
  • 22.91%Efficiency ratio
  • 63,044Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.30%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 294.64%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 42.87%Net loans and leases to core deposits
  • 46.96%Equity capital to assets
  • 13.64%Core capital (leverage) ratio
  • 13.46%Tier 1 risk-based capital ratio
  • 21.77%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $110,720Average earning assets
  • $14,969Average equity
  • $102,983Average loans

List of branches

  • 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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