Merchants Bank in Jackson, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Merchants Bank - Overview

  • General
  • FDIC Certificate #: 18637
    Status: Active
    Federal Reserve ID: 147633
    Bank Holding Company (Regulatory Top Holder): Merchants Trust, Inc. (RSSDID: 1085107, Location: Jackson, AL)
    Date Established: November 16, 1962
    WWW: http://www.merchantsbk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11078
    FDIC's unique #: 12519
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 16, 1962
    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: 1901 North College Avenue, Jackson, AL 36545
    County: Clarke
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $206.4 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $184.5 mil
    Return on assets (ROA): 0.84% ($1.7 mil)
    Quarterly return on assets: 0.19% ($0.4 mil)
    Return on Equity (ROE): 9.07% ($1.8 mil)
    Quarterly return on equity: 1.94% ($0.4 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($1,837.4 mil)
    Quarterly Pretax return on assets: 0.25% ($516.1 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
  • 65Total employees (full-time equivalent)
  • $206,448Total assets
  • $18,104Cash and due from depository institutions
  • $13,394Interest-bearing balances
  • $45,425Securities
  • $3,360Federal funds sold & reverse repurchase agreements
  • $122,789Net loans & leases
  • $1,220Loan loss allowance
  • $0Trading account assets
  • $7,945Bank premises and fixed assets
  • $807Other real estate owned
  • $36Goodwill and other intangibles
  • $206,448Life insurance assets
  • $7,982All other assets
  • $186,477Total liabilities and capital
  • $184,534Total liabilities
  • $165,804Total deposits
  • $184,534Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,943Subordinated debt
  • $19,971All other liabilities
  • $19,971Total equity capital
  • $19,971Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $600Surplus
  • $18,971Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,674Income earned, not collected on loans
  • $0Earning assets
  • $1,321Long-term assets (5+ years)
  • $184,968Average Assets, year-to-date
  • $26,670Average Assets, quarterly
  • $205,349Volatile liabilities
  • $205,339Insider loans
  • $130,121FHLB advances
  • $205,387Loans and leases held for sale
  • $5,024Unused loan commitments
  • $5,024Tier 1 (core) risk-based capital
  • $19,541Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,027Restructured Loans and leases
  • $1,606Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,323Total interest income
  • $2,338Total interest expense
  • $7,985Net interest income
  • $807Provision for loan and lease losses
  • $1,717Total noninterest income
  • $0Fiduciary activities
  • $1,520Service charges on deposit accounts
  • $0Trading account gains & fees
  • $197Additional noninterest income
  • $7,132Total noninterest expense
  • $4,084Salaries and employee benefits
  • $1,066Premises and equipment expense
  • $1,982Additional noninterest expense
  • $1,763Pre-tax net operating income
  • $58Securities gains (losses)
  • $87Applicable income taxes
  • $1,734Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,734Net income attributable to bank
  • $0Net charge-offs
  • $1,734Cash dividends
  • $1,058Sale, conversion, retirement of capital stock, net
  • $145Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 9.07%Return on equity (ROE)
  • 8.31%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 76.28%Credit loss provision to net charge-offs
  • 2.43%Efficiency ratio
  • 73,067Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.36%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 45.62%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.16%Net loans and leases to deposits
  • 66.54%Net loans and leases to core deposits
  • 71.83%Equity capital to assets
  • 9.67%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 15.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $205,349Average earning assets
  • $19,114Average equity
  • $182,162Average loans

List of branches

  • 6 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012519Merchants Bank1901 North College Avenue, Jackson, AL 36545November 16, 1962Full Service Brick and Mortar
    1245939Downtown Branch101 College Avenue, Jackson, AL 36545May 08, 1978Full Service Brick and Mortar
    3240381Grove Hill Branch103 Main Street, Grove Hill, AL 36451December 10, 1984Full Service Brick and Mortar
    4361448Thomasville Branch33440 Highway 43, Thomasville, AL 36784September 05, 2000Full Service Brick and Mortar
    6465727Mobile Branch1353 Cody Road South, Mobile, AL 36695June 29, 2007Full Service Brick and Mortar
    7497946Mobile Branch901 Somerby Drive, Mobile, AL 36695November 05, 2009Limited Service Mobile

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