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

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

  • General
  • FDIC Certificate #: 1735
    Status: Active
    Federal Reserve ID: 434539
    Bank Holding Company (Regulatory Top Holder): F&M Financial Corp (RSSDID: 1137882, Location: Piedmont, AL)
    Date Established: April 12, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 16123
    FDIC's unique #: 1147
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 112 East Ladiga Street, Piedmont, AL 36272
    County: Calhoun
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Anniston, AL (#450)
    Core Based Statistical Area (CBSA): Anniston-Oxford, AL (#11500)
    CBSA Metro Statistical Area: Anniston-Oxford, AL (#11500)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $202.4 mil
    Equity capital: $23.3 mil
    Deposits held in domestic offices: $170.9 mil
    Return on assets (ROA): 0.74% ($1.5 mil)
    Quarterly return on assets: 0.68% ($1.4 mil)
    Return on Equity (ROE): 6.47% ($1.5 mil)
    Quarterly return on equity: 5.70% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.00% ($2,024.0 mil)
    Quarterly Pretax return on assets: 0.76% ($1,538.2 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
  • 51Total employees (full-time equivalent)
  • $202,395Total assets
  • $22,647Cash and due from depository institutions
  • $1,411Interest-bearing balances
  • $55,684Securities
  • $10,815Federal funds sold & reverse repurchase agreements
  • $98,789Net loans & leases
  • $1,914Loan loss allowance
  • $0Trading account assets
  • $6,418Bank premises and fixed assets
  • $1,037Other real estate owned
  • $0Goodwill and other intangibles
  • $202,395Life insurance assets
  • $7,005All other assets
  • $179,054Total liabilities and capital
  • $170,919Total liabilities
  • $144,701Total deposits
  • $170,919Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $1,135Subordinated debt
  • $23,341All other liabilities
  • $23,341Total equity capital
  • $23,341Total bank equity capital
  • $0Perpetual preferred stock
  • $21Common stock
  • $380Surplus
  • $22,940Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $880Income earned, not collected on loans
  • $0Earning assets
  • $917Long-term assets (5+ years)
  • $166,699Average Assets, year-to-date
  • $50,054Average Assets, quarterly
  • $195,031Volatile liabilities
  • $196,346Insider loans
  • $122,745FHLB advances
  • $195,142Loans and leases held for sale
  • $4,377Unused loan commitments
  • $4,377Tier 1 (core) risk-based capital
  • $22,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,627Restructured Loans and leases
  • $2,900Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,753Total interest income
  • $1,790Total interest expense
  • $6,963Net interest income
  • $430Provision for loan and lease losses
  • $1,070Total noninterest income
  • $0Fiduciary activities
  • $792Service charges on deposit accounts
  • $0Trading account gains & fees
  • $278Additional noninterest income
  • $5,848Total noninterest expense
  • $3,052Salaries and employee benefits
  • $1,050Premises and equipment expense
  • $1,746Additional noninterest expense
  • $1,755Pre-tax net operating income
  • $202Securities gains (losses)
  • $509Applicable income taxes
  • $1,448Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,448Net income attributable to bank
  • $0Net charge-offs
  • $1,448Cash dividends
  • $153Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 6.47%Return on equity (ROE)
  • 5.13%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 281.05%Credit loss provision to net charge-offs
  • 14.28%Efficiency ratio
  • 72,800Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.72%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 217.50%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 57.80%Net loans and leases to core deposits
  • 61.37%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 11.43%Tier 1 risk-based capital ratio
  • 18.17%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $195,031Average earning assets
  • $22,363Average equity
  • $166,988Average loans

List of branches

  • 4 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01147Farmers And Merchants Bank112 East Ladiga Street, Piedmont, AL 36272April 12, 1915Full Service Brick and Mortar
    1190037Anniston Branch1429 Quintard Avenue, Anniston, AL 36201March 20, 1989Full Service Brick and Mortar
    2190038Jacksonville Branch1130 South Pelham Road, Jacksonville, AL 36265April 03, 1995Full Service Brick and Mortar
    3190039Oxford Branch35 Ali Way, Oxford, AL 36203Febuary 15, 1998Full Service Brick and Mortar

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