Farmers and Merchants Bank of South Carolina in Holly Hill, South Carolina (SC)

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Farmers and Merchants Bank of South Carolina routing number info

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Farmers and Merchants Bank of South Carolina
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)86
Total assets$303,662
Cash and due from depository institutions$106,534
Interest-bearing balances$91,099
Federal funds sold & reverse repurchase agreements$3,057
Net loans & leases$130,417
Loan loss allowance $2,410
Trading account assets$0
Bank premises and fixed assets$4,657
Other real estate owned$2,243
Goodwill and other intangibles$307
All other assets$4,123
Life insurance assets$303,662
Total liabilities and capital$263,394
Total liabilities$262,305
Total deposits$218,312
Interest-bearing deposits$262,305
Deposits held in domestic offices$63
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,089
All other liabilities $40,268
Total equity capital$40,268
Total bank equity capital$40,268
Perpetual preferred stock$0
Common stock$1,250
Undivided profits $34,268
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 $2,914
Earning assets $0
Long-term assets (5+ years) $1,377
Average Assets, year-to-date $276,897
Average Assets, quarterly $51,277
Volatile liabilities $273,237
Insider loans $275,246
FHLB advances $135,398
Loans and leases held for sale $263,195
Unused loan commitments $632
Tier 1 (core) risk-based capital $632
Tier 2 risk-based capital $39,828
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,566
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,961
Total interest expense $946
Net interest income $9,015
Provision for loan and lease losses $650
Total noninterest income $2,646
Fiduciary activities $0
Service charges on deposit accounts $1,742
Trading account gains & fees $0
Additional noninterest income $904
Total noninterest expense $7,974
Salaries and employee benefits $4,383
Premises and equipment expense $1,185
Additional noninterest expense $2,406
Pre-tax net operating income $3,037
Securities gains (losses) $0
Applicable income taxes $1,075
Income before extraordinary items $1,962
Extraordinary gains - net $0
Net income attributable to bank $1,962
Net charge-offs $0
Cash dividends $1,962
Sale, conversion, retirement of capital stock, net $655
Net operating income $938
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.00%
Cost of funding earning assets 0.38%
Net interest margin 3.62%
Noninterest income to earning assets 1.06%
Noninterest expense to earning assets 3.20%
Net operating income to assets 0.72%
Return on assets (ROA) 0.72%
Pretax return on assets 1.11%
Return on equity (ROE) 4.94%
Retained earnings to average equity (YTD only) 2.58%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 99.24%
Efficiency ratio5.63%
Assets per employee$68,013
Cash dividends to net income (YTD only)3.53%
Condition Ratios (%)
Loss allowance to loans 47.81%
Loss allowance to noncurrent loans 1.81%
Noncurrent assets plus other real estate owned to assets 82.70%
Noncurrent loans to loans 1.70%
Net loans and leases to deposits2.19%
Net loans and leases to core deposits 49.72%
Equity capital to assets 55.53%
Core capital (leverage) ratio 13.26%
Tier 1 risk-based capital ratio 15.13%
Total risk-based capital ratio 29.42%
Average assets$31
Average earning assets$273,237
Average equity $39,756
Average loans $249,004
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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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