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

This bank is inactive as of November 04, 1995

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

General
FDIC Certificate #: 16791
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 666536
Date Established: May 02, 1949
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 10901
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 02, 1949
Last Structure Change Effective Date: November 04, 1995
Last Structure Change Process Date: January 04, 1996
Last Data Update: January 04, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Ariton, AL 36311
County: Dale
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
Metropolitan Statistical Area (MSA): Dothan, AL (#2180)
Combined Statistical Area (CSA): Dothan-Enterprise-Ozark, AL (#222)
Core Based Statistical Area (CBSA): Enterprise-Ozark, AL (#21460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $52.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$23Total assets
$50,977Cash and due from depository institutions
$1,782Interest-bearing balances
$0Securities
$23,522Federal funds sold & reverse repurchase agreements
$1,840Net loans & leases
$22,576Loan loss allowance
$265Trading account assets
$0Bank premises and fixed assets
$534Other real estate owned
$15Goodwill and other intangibles
$708Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,977Total liabilities
$43,634Total deposits
$43,562Interest-bearing deposits
$37,926Deposits held in domestic offices
43562.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$72Total equity capital
$72Total bank equity capital
$7,343Perpetual preferred stock
$0Common stock
$560Surplus
$560Undivided profits
Memoranda
$6,223Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$283Income earned, not collected on loans
$225Earning assets
$47,938Long-term assets (5+ years)
$4,730Average Assets, year-to-date
$49,874Average Assets, quarterly
$50,643Volatile liabilities
$6,552Insider loans
$795FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$283Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,343Total risk weighted assets
$24,281Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,517Total interest expense
$1,351Net interest income
$2,166Provision for loan and lease losses
$80Total noninterest income
$228Fiduciary activities
$0Service charges on deposit accounts
$174Trading account gains & fees
$0Additional noninterest income
$54Total noninterest expense
$1,154Salaries and employee benefits
$602Premises and equipment expense
$199Additional noninterest expense
$353Pre-tax net operating income
$1,160Securities gains (losses)
$6Applicable income taxes
$359Income before extraordinary items
$807Extraordinary gains - net
$0Net income attributable to bank
$807Net charge-offs
$80Cash dividends
$196Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.53%Cost of funding earning assets
2.89%Net interest margin
4.64%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
2.47%Net operating income to assets
1.61%Return on assets (ROA)
1.62%Pretax return on assets
2.34%Return on equity (ROE)
11.48%Retained earnings to average equity (YTD only)
8.69%Net charge-offs to loans
0.38%Credit loss provision to net charge-offs
100.00%Efficiency ratio
48,204Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.29%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
93.64%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
1.24%Net loans and leases to deposits
51.82%Net loans and leases to core deposits
61.00%Equity capital to assets
14.40%Core capital (leverage) ratio
14.65%Tier 1 risk-based capital ratio
30.24%Total risk-based capital ratio
Memoranda
$31Average assets
$49,874Average earning assets
$7,031Average equity
$46,682Average loans

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