Merchants & Farmers Bank of Greene County, Alabama in Eutaw, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Merchants & Farmers Bank of Greene County, Alabama - Overview

  • General
  • FDIC Certificate #: 855
    Status: Active
    Federal Reserve ID: 376237
    Bank Holding Company (Regulatory Top Holder): Merchants And Farmers Bancshares, Inc. (RSSDID: 2111432, Location: Eutaw, AL)
    Date Established: January 01, 1900
    WWW: http://www.mfbusa.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 541
    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: All Other Specialization < 1 Billion
    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: 251 Prairie Avenue, Eutaw, AL 35462
    County: Greene
    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
    Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220)
    CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $58.2 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $48.1 mil
    Return on assets (ROA): 0.50% ($0.3 mil)
    Quarterly return on assets: 0.88% ($0.5 mil)
    Return on Equity (ROE): 5.02% ($0.3 mil)
    Quarterly return on equity: 8.44% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.47% ($273.5 mil)
    Quarterly Pretax return on assets: 0.69% ($401.6 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
  • 21Total employees (full-time equivalent)
  • $58,201Total assets
  • $8,637Cash and due from depository institutions
  • $2,560Interest-bearing balances
  • $19,892Securities
  • $1,800Federal funds sold & reverse repurchase agreements
  • $25,937Net loans & leases
  • $302Loan loss allowance
  • $0Trading account assets
  • $240Bank premises and fixed assets
  • $423Other real estate owned
  • $0Goodwill and other intangibles
  • $58,201Life insurance assets
  • $1,272All other assets
  • $52,352Total liabilities and capital
  • $48,126Total liabilities
  • $27,312Total deposits
  • $48,126Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $226Subordinated debt
  • $5,849All other liabilities
  • $5,849Total equity capital
  • $5,849Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $1,455Surplus
  • $4,393Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $218Income earned, not collected on loans
  • $0Earning assets
  • $338Long-term assets (5+ years)
  • $50,189Average Assets, year-to-date
  • $18,954Average Assets, quarterly
  • $54,741Volatile liabilities
  • $55,901Insider loans
  • $26,678FHLB advances
  • $54,164Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,147Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,265Restructured Loans and leases
  • $87Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,358Total interest income
  • $426Total interest expense
  • $1,932Net interest income
  • $89Provision for loan and lease losses
  • $689Total noninterest income
  • $0Fiduciary activities
  • $493Service charges on deposit accounts
  • $0Trading account gains & fees
  • $196Additional noninterest income
  • $2,315Total noninterest expense
  • $1,279Salaries and employee benefits
  • $209Premises and equipment expense
  • $827Additional noninterest expense
  • $217Pre-tax net operating income
  • $41Securities gains (losses)
  • -$16Applicable income taxes
  • $274Income before extraordinary items
  • $0Extraordinary gains - net
  • $274Net income attributable to bank
  • $0Net charge-offs
  • $274Cash dividends
  • $152Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 5.02%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 58.55%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 88,325Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 138.53%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 53.89%Net loans and leases to core deposits
  • 57.01%Equity capital to assets
  • 10.05%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 19.29%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $54,741Average earning assets
  • $5,462Average equity
  • $49,705Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0541Merchants & Farmers Bank Of Greene County, Alabama251 Prairie Avenue, Eutaw, AL 35462January 01, 1900Full Service Brick and Mortar

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