Farmers and Merchants Bank in Baldwyn, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers and Merchants Bank in Baldwyn, Mississippi (MS)
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Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 15801
    Status: Active
    Federal Reserve ID: 205243
    Date Established: March 10, 1941
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 6, Interstate: No)
    OTS Docket #: 10344
    FDIC's unique #: 10046
    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: March 10, 1941
    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: 111 West Clayton Street, Baldwyn, MS 38824
    County: Prentiss
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $205.1 mil
    Equity capital: $31.7 mil
    Deposits held in domestic offices: $168.6 mil
    Return on assets (ROA): 1.31% ($2.7 mil)
    Quarterly return on assets: 0.42% ($0.9 mil)
    Return on Equity (ROE): 8.59% ($2.7 mil)
    Quarterly return on equity: 2.67% ($0.9 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.75% ($3,588.7 mil)
    Quarterly Pretax return on assets: -0.11% (-$225.6 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
  • 64Total employees (full-time equivalent)
  • $205,068Total assets
  • $5,916Cash and due from depository institutions
  • $146Interest-bearing balances
  • $60,041Securities
  • $4,775Federal funds sold & reverse repurchase agreements
  • $118,887Net loans & leases
  • $2,863Loan loss allowance
  • $0Trading account assets
  • $4,430Bank premises and fixed assets
  • $712Other real estate owned
  • $244Goodwill and other intangibles
  • $205,068Life insurance assets
  • $10,063All other assets
  • $173,383Total liabilities and capital
  • $168,628Total liabilities
  • $142,542Total deposits
  • $168,628Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,755Subordinated debt
  • $31,685All other liabilities
  • $31,685Total equity capital
  • $31,685Total bank equity capital
  • $0Perpetual preferred stock
  • $360Common stock
  • $14,685Surplus
  • $16,640Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $983Income earned, not collected on loans
  • $0Earning assets
  • $1,403Long-term assets (5+ years)
  • $183,849Average Assets, year-to-date
  • $35,572Average Assets, quarterly
  • $202,435Volatile liabilities
  • $205,218Insider loans
  • $139,588FHLB advances
  • $206,537Loans and leases held for sale
  • $6,315Unused loan commitments
  • $3,293Tier 1 (core) risk-based capital
  • $29,922Tier 2 risk-based capital
  • $3,022Total risk weighted assets
  • $0Total unused commitments
  • $8,505Restructured Loans and leases
  • $1,249Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,380Total interest income
  • $1,323Total interest expense
  • $10,057Net interest income
  • $1,789Provision for loan and lease losses
  • $2,620Total noninterest income
  • $0Fiduciary activities
  • $1,344Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,276Additional noninterest income
  • $7,434Total noninterest expense
  • $4,421Salaries and employee benefits
  • $955Premises and equipment expense
  • $2,058Additional noninterest expense
  • $3,454Pre-tax net operating income
  • $86Securities gains (losses)
  • $882Applicable income taxes
  • $2,658Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,658Net income attributable to bank
  • $0Net charge-offs
  • $2,658Cash dividends
  • $1,755Sale, conversion, retirement of capital stock, net
  • $972Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.29%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 5.55%Net interest margin
  • 1.45%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 8.59%Return on equity (ROE)
  • 5.45%Retained earnings to average equity (YTD only)
  • 1.42%Net charge-offs to loans
  • 101.94%Credit loss provision to net charge-offs
  • 2.99%Efficiency ratio
  • 58,642Assets per employee
  • 3.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.57%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 291.25%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 70.50%Net loans and leases to core deposits
  • 77.44%Equity capital to assets
  • 15.45%Core capital (leverage) ratio
  • 14.49%Tier 1 risk-based capital ratio
  • 21.44%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $202,435Average earning assets
  • $30,949Average equity
  • $181,048Average loans

List of branches

  • 7 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010046Farmers And Merchants Bank111 West Clayton Street, Baldwyn, MS 38824March 10, 1941Full Service Brick and Mortar
    1235305Marietta Branch421 Highway 371, Marietta, MS 38856August 09, 1971Full Service Brick and Mortar
    3235307Booneville Branch1000 East Church Street, Booneville, MS 38829December 01, 1992Full Service Brick and Mortar
    5235308Booneville North Branch1111 North Second Street, Booneville, MS 38829October 07, 1996Full Service Brick and Mortar
    6455817Mantachie Branch5600 Highway 363, Mantachie, MS 38855October 23, 2006Full Service Brick and Mortar
    7485640Mooreville Branch779 Highway 371, Mooreville, MS 38857November 12, 2008Full Service Brick and Mortar
    8529729Fmb Mortgage Center102 East Main Street, Baldwyn, MS 38824November 01, 2011Limited Service Loan Production

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