Farmers and Merchants Bank in Bruce, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1996

Farmers and Merchants Bank in Bruce, Mississippi (MS)
Show street view No street view available for this location

Farmers and Merchants Bank - Overview

General
FDIC Certificate #: 20207
Status: Inactive
Closing history: Corrections
Acquiring institution: Merchants and Farmers Bank (#9361)
Federal Reserve ID: 127943
Date Established: June 26, 1970
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 13891
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: June 26, 1970
Last Structure Change Effective Date: January 01, 1996
Last Structure Change Process Date: January 23, 1996
Last Data Update: Febuary 09, 1996
Data Source Date: April 05, 2012
Location
Address: Public Square, Bruce, MS 38915
County: Calhoun
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $32.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$32,038Cash and due from depository institutions
$1,077Interest-bearing balances
$100Securities
$21,926Federal funds sold & reverse repurchase agreements
$1,000Net loans & leases
$7,399Loan loss allowance
$155Trading account assets
$0Bank premises and fixed assets
$87Other real estate owned
$0Goodwill and other intangibles
$549Life insurance assets
$0All other assets
$0Total liabilities and capital
$32,038Total liabilities
$27,407Total deposits
$27,276Interest-bearing deposits
$24,770Deposits held in domestic offices
27276.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$131Total equity capital
$131Total bank equity capital
$4,631Perpetual preferred stock
$0Common stock
$100Surplus
$4,180Undivided profits
Memoranda
$351Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8Income earned, not collected on loans
$59Earning assets
$30,425Long-term assets (5+ years)
$3,124Average Assets, year-to-date
$31,924Average Assets, quarterly
$32,463Volatile liabilities
$4,563Insider loans
$188FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,597Total risk weighted assets
$11,024Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,280Total interest expense
$1,042Net interest income
$1,238Provision for loan and lease losses
$70Total noninterest income
$276Fiduciary activities
$0Service charges on deposit accounts
$141Trading account gains & fees
$0Additional noninterest income
$135Total noninterest expense
$763Salaries and employee benefits
$406Premises and equipment expense
$34Additional noninterest expense
$323Pre-tax net operating income
$681Securities gains (losses)
$10Applicable income taxes
$116Income before extraordinary items
$575Extraordinary gains - net
$0Net income attributable to bank
$575Net charge-offs
$89Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.57%Cost of funding earning assets
3.46%Net interest margin
4.11%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
2.53%Net operating income to assets
1.78%Return on assets (ROA)
1.80%Pretax return on assets
2.16%Return on equity (ROE)
12.93%Retained earnings to average equity (YTD only)
6.18%Net charge-offs to loans
1.18%Credit loss provision to net charge-offs
78.65%Efficiency ratio
50,396Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.17%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
1937.50%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.11%Net loans and leases to deposits
27.13%Net loans and leases to core deposits
32.58%Equity capital to assets
14.45%Core capital (leverage) ratio
13.86%Tier 1 risk-based capital ratio
41.70%Total risk-based capital ratio
Memoranda
$43Average assets
$31,924Average earning assets
$4,447Average equity
$30,128Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers and Merchants Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.