Farmers and Merchants Bank in Sylvania, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 16440
    Status: Active
    Federal Reserve ID: 4231
    Bank Holding Company (Regulatory Top Holder): Screven Bancshares, Inc. (RSSDID: 1863239, Location: Sylvania, GA)
    Date Established: March 01, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10610
    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: June 18, 1946
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: October 26, 2009
    Last Data Update: October 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 North Main Street, Sylvania, GA 30467
    County: Screven
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $128.7 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $113.4 mil
    Return on assets (ROA): 0.22% ($0.3 mil)
    Quarterly return on assets: 0.36% ($0.5 mil)
    Return on Equity (ROE): 1.91% ($0.3 mil)
    Quarterly return on equity: 3.07% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.23% ($296.0 mil)
    Quarterly Pretax return on assets: 0.30% ($386.1 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)
  • $128,697Total assets
  • $13,622Cash and due from depository institutions
  • $0Interest-bearing balances
  • $40,220Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,613Net loans & leases
  • $943Loan loss allowance
  • $0Trading account assets
  • $934Bank premises and fixed assets
  • $2,080Other real estate owned
  • $0Goodwill and other intangibles
  • $128,697Life insurance assets
  • $1,228All other assets
  • $113,930Total liabilities and capital
  • $113,363Total liabilities
  • $95,765Total deposits
  • $113,363Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $567Subordinated debt
  • $14,767All other liabilities
  • $14,767Total equity capital
  • $14,767Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $12,100Surplus
  • $2,167Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,582Income earned, not collected on loans
  • $0Earning assets
  • $839Long-term assets (5+ years)
  • $110,833Average Assets, year-to-date
  • $40,975Average Assets, quarterly
  • $126,675Volatile liabilities
  • $125,969Insider loans
  • $83,002FHLB advances
  • $117,071Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,650Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,523Restructured Loans and leases
  • $1,596Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,293Total interest income
  • $1,732Total interest expense
  • $4,561Net interest income
  • $597Provision for loan and lease losses
  • -$742Total noninterest income
  • $0Fiduciary activities
  • $315Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,057Additional noninterest income
  • $3,045Total noninterest expense
  • $1,681Salaries and employee benefits
  • $232Premises and equipment expense
  • $1,132Additional noninterest expense
  • $177Pre-tax net operating income
  • $120Securities gains (losses)
  • $21Applicable income taxes
  • $276Income before extraordinary items
  • $0Extraordinary gains - net
  • $276Net income attributable to bank
  • $0Net charge-offs
  • $276Cash dividends
  • $476Sale, conversion, retirement of capital stock, net
  • $130Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 4.10%Net interest margin
  • -0.67%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 1.91%Return on equity (ROE)
  • 1.01%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 125.42%Credit loss provision to net charge-offs
  • 1.63%Efficiency ratio
  • 79,733Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.10%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 20.58%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 6.40%Net loans and leases to deposits
  • 62.29%Net loans and leases to core deposits
  • 67.83%Equity capital to assets
  • 11.47%Core capital (leverage) ratio
  • 12.51%Tier 1 risk-based capital ratio
  • 17.65%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $126,675Average earning assets
  • $14,421Average equity
  • $111,210Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010610Farmers And Merchants Bank104 North Main Street, Sylvania, GA 30467March 01, 1946Full Service Brick and Mortar
    1238082Westside Branch505 Ogeechee Street, Sylvania, GA 30467June 09, 1980Full Service Brick and Mortar
    2238083Filbert Street Branch101 Filbert Street, Sylvania, GA 30467January 18, 1999Limited Service Facility

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