Farmers and Merchants Bank in Baldwyn, Mississippi (MS)

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Farmers and Merchants Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)64
Total assets$205,068
Cash and due from depository institutions$5,916
Interest-bearing balances$146
Federal funds sold & reverse repurchase agreements$4,775
Net loans & leases$118,887
Loan loss allowance $2,863
Trading account assets$0
Bank premises and fixed assets$4,430
Other real estate owned$712
Goodwill and other intangibles$244
All other assets$10,063
Life insurance assets$205,068
Total liabilities and capital$173,383
Total liabilities$168,628
Total deposits$142,542
Interest-bearing deposits$168,628
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $4,755
All other liabilities $31,685
Total equity capital$31,685
Total bank equity capital$31,685
Perpetual preferred stock$0
Common stock$360
Undivided profits $16,640
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 $983
Earning assets $0
Long-term assets (5+ years) $1,403
Average Assets, year-to-date $183,849
Average Assets, quarterly $35,572
Volatile liabilities $202,435
Insider loans $205,218
FHLB advances $139,588
Loans and leases held for sale $206,537
Unused loan commitments $6,315
Tier 1 (core) risk-based capital $3,293
Tier 2 risk-based capital $29,922
Total risk weighted assets $3,022
Total unused commitments $0
Restructured Loans and leases $8,505
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,380
Total interest expense $1,323
Net interest income $10,057
Provision for loan and lease losses $1,789
Total noninterest income $2,620
Fiduciary activities $0
Service charges on deposit accounts $1,344
Trading account gains & fees $0
Additional noninterest income $1,276
Total noninterest expense $7,434
Salaries and employee benefits $4,421
Premises and equipment expense $955
Additional noninterest expense $2,058
Pre-tax net operating income $3,454
Securities gains (losses) $86
Applicable income taxes $882
Income before extraordinary items $2,658
Extraordinary gains - net $0
Net income attributable to bank $2,658
Net charge-offs $0
Cash dividends $2,658
Sale, conversion, retirement of capital stock, net $1,755
Net operating income $972
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.29%
Cost of funding earning assets 0.73%
Net interest margin 5.55%
Noninterest income to earning assets 1.45%
Noninterest expense to earning assets 4.11%
Net operating income to assets 1.28%
Return on assets (ROA) 1.31%
Pretax return on assets 1.75%
Return on equity (ROE) 8.59%
Retained earnings to average equity (YTD only) 5.45%
Net charge-offs to loans 1.42%
Credit loss provision to net charge-offs 101.94%
Efficiency ratio2.99%
Assets per employee$58,642
Cash dividends to net income (YTD only)3.20%
Condition Ratios (%)
Loss allowance to loans 36.57%
Loss allowance to noncurrent loans 2.35%
Noncurrent assets plus other real estate owned to assets 291.25%
Noncurrent loans to loans 0.83%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 70.50%
Equity capital to assets 77.44%
Core capital (leverage) ratio 15.45%
Tier 1 risk-based capital ratio 14.49%
Total risk-based capital ratio 21.44%
Average assets$23
Average earning assets$202,435
Average equity $30,949
Average loans $181,048
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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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