Merchants Bank of Alabama in Cullman, Alabama (AL)

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Merchants Bank of Alabama routing number info

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Merchants Bank of Alabama
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)82
Total assets$243,048
Cash and due from depository institutions$9,000
Interest-bearing balances$1,405
Federal funds sold & reverse repurchase agreements$20,175
Net loans & leases$152,255
Loan loss allowance $2,908
Trading account assets$0
Bank premises and fixed assets$4,816
Other real estate owned$6,704
Goodwill and other intangibles$0
All other assets$9,613
Life insurance assets$243,048
Total liabilities and capital$222,354
Total liabilities$221,439
Total deposits$213,906
Interest-bearing deposits$221,439
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $915
All other liabilities $20,694
Total equity capital$20,694
Total bank equity capital$20,694
Perpetual preferred stock$0
Common stock$10
Undivided profits $16,234
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 $8,799
Earning assets $0
Long-term assets (5+ years) $1,022
Average Assets, year-to-date $214,320
Average Assets, quarterly $46,789
Volatile liabilities $252,424
Insider loans $249,355
FHLB advances $163,539
Loans and leases held for sale $244,152
Unused loan commitments $5,252
Tier 1 (core) risk-based capital $5,252
Tier 2 risk-based capital $20,363
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,961
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,311
Total interest expense $2,310
Net interest income $9,001
Provision for loan and lease losses $1,426
Total noninterest income $1,303
Fiduciary activities $0
Service charges on deposit accounts $1,148
Trading account gains & fees $0
Additional noninterest income $155
Total noninterest expense $8,677
Salaries and employee benefits $4,207
Premises and equipment expense $1,033
Additional noninterest expense $3,437
Pre-tax net operating income $201
Securities gains (losses) $126
Applicable income taxes -$88
Income before extraordinary items $415
Extraordinary gains - net $0
Net income attributable to bank $415
Net charge-offs $0
Cash dividends $415
Sale, conversion, retirement of capital stock, net $1,028
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.08%
Cost of funding earning assets 1.04%
Net interest margin 4.04%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 3.90%
Net operating income to assets 0.11%
Return on assets (ROA) 0.16%
Pretax return on assets 0.13%
Return on equity (ROE) 2.12%
Retained earnings to average equity (YTD only) 2.12%
Net charge-offs to loans 0.62%
Credit loss provision to net charge-offs 138.72%
Efficiency ratio1.58%
Assets per employee$84,210
Cash dividends to net income (YTD only)2.96%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.87%
Noncurrent assets plus other real estate owned to assets 33.05%
Noncurrent loans to loans 6.38%
Net loans and leases to deposits5.67%
Net loans and leases to core deposits 68.76%
Equity capital to assets 71.66%
Core capital (leverage) ratio 8.51%
Tier 1 risk-based capital ratio 8.34%
Total risk-based capital ratio 12.45%
Average assets$14
Average earning assets$252,424
Average equity $19,593
Average loans $222,652
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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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