Farmers and Merchants Bank of South Carolina in Holly Hill, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank of South Carolina - Overview

  • General
  • FDIC Certificate #: 1660
    Status: Active
    Federal Reserve ID: 282226
    Bank Holding Company (Regulatory Top Holder): Fmb Of S.C. Bancshares, Inc. (RSSDID: 1137426, Location: Holly Hill, SC)
    Date Established: January 03, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 13857
    FDIC's unique #: 1094
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 8624 Old State Street, Holly Hill, SC 29059
    County: Orangeburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Orangeburg, SC (#36700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $303.7 mil
    Equity capital: $40.3 mil
    Deposits held in domestic offices: $262.3 mil
    Return on assets (ROA): 0.72% ($2.2 mil)
    Quarterly return on assets: 0.07% ($0.2 mil)
    Return on Equity (ROE): 4.94% ($2.0 mil)
    Quarterly return on equity: 0.49% ($0.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.11% ($3,370.6 mil)
    Quarterly Pretax return on assets: 0.14% ($425.1 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
  • 86Total employees (full-time equivalent)
  • $303,662Total assets
  • $106,534Cash and due from depository institutions
  • $91,099Interest-bearing balances
  • $52,324Securities
  • $3,057Federal funds sold & reverse repurchase agreements
  • $130,417Net loans & leases
  • $2,410Loan loss allowance
  • $0Trading account assets
  • $4,657Bank premises and fixed assets
  • $2,243Other real estate owned
  • $307Goodwill and other intangibles
  • $303,662Life insurance assets
  • $4,123All other assets
  • $263,394Total liabilities and capital
  • $262,305Total liabilities
  • $218,312Total deposits
  • $262,305Interest-bearing deposits
  • $63Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,089Subordinated debt
  • $40,268All other liabilities
  • $40,268Total equity capital
  • $40,268Total bank equity capital
  • $0Perpetual preferred stock
  • $1,250Common stock
  • $4,750Surplus
  • $34,268Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,914Income earned, not collected on loans
  • $0Earning assets
  • $1,377Long-term assets (5+ years)
  • $276,897Average Assets, year-to-date
  • $51,277Average Assets, quarterly
  • $273,237Volatile liabilities
  • $275,246Insider loans
  • $135,398FHLB advances
  • $263,195Loans and leases held for sale
  • $632Unused loan commitments
  • $632Tier 1 (core) risk-based capital
  • $39,828Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,566Restructured Loans and leases
  • $1,882Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,961Total interest income
  • $946Total interest expense
  • $9,015Net interest income
  • $650Provision for loan and lease losses
  • $2,646Total noninterest income
  • $0Fiduciary activities
  • $1,742Service charges on deposit accounts
  • $0Trading account gains & fees
  • $904Additional noninterest income
  • $7,974Total noninterest expense
  • $4,383Salaries and employee benefits
  • $1,185Premises and equipment expense
  • $2,406Additional noninterest expense
  • $3,037Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,075Applicable income taxes
  • $1,962Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,962Net income attributable to bank
  • $0Net charge-offs
  • $1,962Cash dividends
  • $655Sale, conversion, retirement of capital stock, net
  • $938Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 0.38%Cost of funding earning assets
  • 3.62%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 4.94%Return on equity (ROE)
  • 2.58%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 99.24%Credit loss provision to net charge-offs
  • 5.63%Efficiency ratio
  • 68,013Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.81%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 82.70%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 49.72%Net loans and leases to core deposits
  • 55.53%Equity capital to assets
  • 13.26%Core capital (leverage) ratio
  • 15.13%Tier 1 risk-based capital ratio
  • 29.42%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $273,237Average earning assets
  • $39,756Average equity
  • $249,004Average loans

List of branches

  • 8 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01094Farmers And Merchants Bank Of South8624 Old State Street, Holly Hill, SC 29059January 03, 1912Full Service Brick and Mortar
    1189973Bowman Branch7002 Charleston Hwy, Bowman, SC 29018August 01, 1956Full Service Brick and Mortar
    2189974Moncks Corner Branch221 East Main Street, Moncks Corner, SC 29461June 02, 1966Full Service Brick and Mortar
    3189975Eutawville Branch12064 Old Highway 6, Eutawville, SC 29048March 07, 1985Full Service Brick and Mortar
    4189976Branchville Branch7633 Freedom Road, Branchville, SC 29432October 19, 1987Full Service Brick and Mortar
    5238867St. Stephen Branch117 Church Street, St. Stephen, SC 29479October 01, 1968Full Service Brick and Mortar
    6357068Carnes Crossroads Branch3751 South Live Oak Drive, Moncks Corner, SC 29461May 08, 2000Full Service Brick and Mortar
    7229618Cameron Branch216 N Boyce Lawton Drive, Cameron, SC 29030December 31, 1955Full Service Brick and Mortar

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