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

Merchants Bank of Alabama - Overview

  • General
  • FDIC Certificate #: 46
    Status: Active
    Federal Reserve ID: 113937
    Bank Holding Company (Regulatory Top Holder): Merchants Financial Services, Inc. (RSSDID: 1082955, Location: Cullman, AL)
    Date Established: January 01, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 27
    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: Commercial Lending Specialization
    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: 900 Second Avenue, Sw, Cullman, AL 35055
    County: Cullman
    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
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Cullman, AL (#18980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $243.0 mil
    Equity capital: $20.7 mil
    Deposits held in domestic offices: $221.4 mil
    Return on assets (ROA): 0.16% ($0.4 mil)
    Quarterly return on assets: -0.17% (-$0.4 mil)
    Return on Equity (ROE): 2.12% ($0.4 mil)
    Quarterly return on equity: -2.10% (-$0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.13% ($316.0 mil)
    Quarterly Pretax return on assets: -0.41% (-$996.5 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
  • 82Total employees (full-time equivalent)
  • $243,048Total assets
  • $9,000Cash and due from depository institutions
  • $1,405Interest-bearing balances
  • $40,485Securities
  • $20,175Federal funds sold & reverse repurchase agreements
  • $152,255Net loans & leases
  • $2,908Loan loss allowance
  • $0Trading account assets
  • $4,816Bank premises and fixed assets
  • $6,704Other real estate owned
  • $0Goodwill and other intangibles
  • $243,048Life insurance assets
  • $9,613All other assets
  • $222,354Total liabilities and capital
  • $221,439Total liabilities
  • $213,906Total deposits
  • $221,439Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $915Subordinated debt
  • $20,694All other liabilities
  • $20,694Total equity capital
  • $20,694Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $4,450Surplus
  • $16,234Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,799Income earned, not collected on loans
  • $0Earning assets
  • $1,022Long-term assets (5+ years)
  • $214,320Average Assets, year-to-date
  • $46,789Average Assets, quarterly
  • $252,424Volatile liabilities
  • $249,355Insider loans
  • $163,539FHLB advances
  • $244,152Loans and leases held for sale
  • $5,252Unused loan commitments
  • $5,252Tier 1 (core) risk-based capital
  • $20,363Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,961Restructured Loans and leases
  • $4,913Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,311Total interest income
  • $2,310Total interest expense
  • $9,001Net interest income
  • $1,426Provision for loan and lease losses
  • $1,303Total noninterest income
  • $0Fiduciary activities
  • $1,148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $155Additional noninterest income
  • $8,677Total noninterest expense
  • $4,207Salaries and employee benefits
  • $1,033Premises and equipment expense
  • $3,437Additional noninterest expense
  • $201Pre-tax net operating income
  • $126Securities gains (losses)
  • -$88Applicable income taxes
  • $415Income before extraordinary items
  • $0Extraordinary gains - net
  • $415Net income attributable to bank
  • $0Net charge-offs
  • $415Cash dividends
  • $1,028Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 2.12%Return on equity (ROE)
  • 2.12%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 138.72%Credit loss provision to net charge-offs
  • 1.58%Efficiency ratio
  • 84,210Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 33.05%Noncurrent assets plus other real estate owned to assets
  • 6.38%Noncurrent loans to loans
  • 5.67%Net loans and leases to deposits
  • 68.76%Net loans and leases to core deposits
  • 71.66%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.34%Tier 1 risk-based capital ratio
  • 12.45%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $252,424Average earning assets
  • $19,593Average equity
  • $222,652Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    027Merchants Bank Of Alabama900 Second Avenue, Sw, Cullman, AL 35055January 01, 1907Full Service Brick and Mortar
    3180905Highway 157 Branch4855 Highway 157, Northwest, Cullman, AL 35055November 25, 1987Full Service Brick and Mortar
    4180906Fairview Branch44 Butler Street, Cullman, AL 35058August 07, 1989Full Service Brick and Mortar
    5451400Hanceville Branch906 Main Street, Ne, Hanceville, AL 35077May 24, 2006Full Service Brick and Mortar
    6474393Arab Branch1096 North Brindlee Mountain Parkway, Arab, AL 35016April 14, 2008Full Service Brick and Mortar

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