Farmers and Merchants Bank in Sylvania, Georgia (GA)

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Farmers and Merchants Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Change in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$128,697
Cash and due from depository institutions$13,622
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$70,613
Loan loss allowance $943
Trading account assets$0
Bank premises and fixed assets$934
Other real estate owned$2,080
Goodwill and other intangibles$0
All other assets$1,228
Life insurance assets$128,697
Total liabilities and capital$113,930
Total liabilities$113,363
Total deposits$95,765
Interest-bearing deposits$113,363
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $567
All other liabilities $14,767
Total equity capital$14,767
Total bank equity capital$14,767
Perpetual preferred stock$0
Common stock$500
Undivided profits $2,167
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 $4,582
Earning assets $0
Long-term assets (5+ years) $839
Average Assets, year-to-date $110,833
Average Assets, quarterly $40,975
Volatile liabilities $126,675
Insider loans $125,969
FHLB advances $83,002
Loans and leases held for sale $117,071
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,650
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,523
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,293
Total interest expense $1,732
Net interest income $4,561
Provision for loan and lease losses $597
Total noninterest income -$742
Fiduciary activities $0
Service charges on deposit accounts $315
Trading account gains & fees $0
Additional noninterest income -$1,057
Total noninterest expense $3,045
Salaries and employee benefits $1,681
Premises and equipment expense $232
Additional noninterest expense $1,132
Pre-tax net operating income $177
Securities gains (losses) $120
Applicable income taxes $21
Income before extraordinary items $276
Extraordinary gains - net $0
Net income attributable to bank $276
Net charge-offs $0
Cash dividends $276
Sale, conversion, retirement of capital stock, net $476
Net operating income $130
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.66%
Cost of funding earning assets 1.56%
Net interest margin 4.10%
Noninterest income to earning assets -0.67%
Noninterest expense to earning assets 2.74%
Net operating income to assets 0.13%
Return on assets (ROA) 0.22%
Pretax return on assets 0.23%
Return on equity (ROE) 1.91%
Retained earnings to average equity (YTD only) 1.01%
Net charge-offs to loans 0.62%
Credit loss provision to net charge-offs 125.42%
Efficiency ratio1.63%
Assets per employee$79,733
Cash dividends to net income (YTD only)3.90%
Condition Ratios (%)
Loss allowance to loans 47.10%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 20.58%
Noncurrent loans to loans 5.18%
Net loans and leases to deposits6.40%
Net loans and leases to core deposits 62.29%
Equity capital to assets 67.83%
Core capital (leverage) ratio 11.47%
Tier 1 risk-based capital ratio 12.51%
Total risk-based capital ratio 17.65%
Average assets$19
Average earning assets$126,675
Average equity $14,421
Average loans $111,210
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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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