Merchants & Marine Bank in Pascagoula, Mississippi (MS), AL



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Merchants & Marine Bank routing number info

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Merchants & Marine Bank
GeneralFDIC Certificate #: 12203
Status: Active
Federal Reserve ID: 94139
Bank Holding Company (Regulatory Top Holder): Merchants & Marine Bancorp, Inc. (RSSDID: 3696093, Location: Pascagoula, MS)
Date Established: January 11, 1932
WWW: http://www.mandmbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: Yes)
FDIC's unique #: 7751
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: December 09, 2011
Last Structure Change Process Date: January 05, 2012
Last Data Update: January 05, 2012
Data Source Date: April 05, 2012
LocationAddress: 3118 Pascagoula Street, Pascagoula, MS 39567
County: Jackson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Pascagoula, MS (#37700)
CBSA Metro Statistical Area: Pascagoula, MS (#37700)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $556.1 mil
Equity capital: $53.7 mil
Deposits held in domestic offices: $476.8 mil
Return on assets (ROA): 0.75% ($4.2 mil)
Quarterly return on assets: 0.50% ($2.8 mil)
Return on Equity (ROE): 7.50% ($4.0 mil)
Quarterly return on equity: 4.90% ($2.6 mil)
Net income: $4.0 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.06% ($5,894.9 mil)
Quarterly Pretax return on assets: 0.77% ($4,282.2 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)144
Total assets$556,127
Cash and due from depository institutions$72,797
Interest-bearing balances$53,556
Securities$204,887
Federal funds sold & reverse repurchase agreements$97
Net loans & leases$234,262
Loan loss allowance $3,745
Trading account assets$0
Bank premises and fixed assets$17,661
Other real estate owned$5,615
Goodwill and other intangibles$2,974
All other assets$17,834
Life insurance assets$556,127
Total liabilities and capital$502,448
Total liabilities$476,782
Total deposits$390,890
Interest-bearing deposits$476,782
Deposits held in domestic offices$74
% insured (estimated)12275.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $13,391
All other liabilities $53,679
Total equity capital$53,679
Total bank equity capital$53,679
Perpetual preferred stock$0
Common stock$3,326
Surplus$14,500
Undivided profits $35,853
Memoranda
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 $3,341
Earning assets $0
Long-term assets (5+ years) $2,554
Average Assets, year-to-date $492,802
Average Assets, quarterly $163,241
Volatile liabilities $540,478
Insider loans $542,791
FHLB advances $335,356
Loans and leases held for sale $541,926
Unused loan commitments $6,875
Tier 1 (core) risk-based capital $6,875
Tier 2 risk-based capital $55,237
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,992
Derivatives$2,267
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $20,538
Total interest expense $3,043
Net interest income $17,495
Provision for loan and lease losses $2,455
Total noninterest income $6,795
Fiduciary activities $0
Service charges on deposit accounts $4,590
Trading account gains & fees $0
Additional noninterest income $2,205
Total noninterest expense $16,662
Salaries and employee benefits $7,459
Premises and equipment expense $2,903
Additional noninterest expense $6,300
Pre-tax net operating income $5,173
Securities gains (losses) $537
Applicable income taxes $1,676
Income before extraordinary items $4,034
Extraordinary gains - net $0
Net income attributable to bank $4,034
Net charge-offs $0
Cash dividends $4,034
Sale, conversion, retirement of capital stock, net $1,978
Net operating income $2,062
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.21%
Cost of funding earning assets 0.62%
Net interest margin 3.58%
Noninterest income to earning assets 1.39%
Noninterest expense to earning assets 3.41%
Net operating income to assets 0.68%
Return on assets (ROA) 0.75%
Pretax return on assets 1.06%
Return on equity (ROE) 7.50%
Retained earnings to average equity (YTD only) 3.67%
Net charge-offs to loans 0.89%
Credit loss provision to net charge-offs 124.12%
Efficiency ratio3.86%
Assets per employee$68,596
Cash dividends to net income (YTD only)3.86%
Condition Ratios (%)
Loss allowance to loans 51.12%
Loss allowance to noncurrent loans 1.57%
Noncurrent assets plus other real estate owned to assets 112.09%
Noncurrent loans to loans 1.61%
Net loans and leases to deposits1.40%
Net loans and leases to core deposits 49.13%
Equity capital to assets 53.71%
Core capital (leverage) ratio 9.65%
Tier 1 risk-based capital ratio 10.19%
Total risk-based capital ratio 16.47%
Memoranda
Average assets$18
Average earning assets$540,478
Average equity $53,760
Average loans $488,194
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2 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1312863Gulf Shores Branch1820 South Gulf Shores Parkway, Gulf Shores, AL 36542Febuary 14, 1964Full Service Brick and Mortar
14463488Crossville Branch8331 Alabama Highway 227 N, Crossville, AL 35962May 21, 2007Full Service Brick and Mortar
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11 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07751Merchants & Marine Bank3118 Pascagoula Street, Pascagoula, MS 39567January 11, 1932Full Service Brick and Mortar
1226657Moss Point Branch - Main Street4619 Main Street (Highway 613), Moss Point, MS 39563December 31, 1932Full Service Brick and Mortar
3226659Bel-Aire Shopping Center Branch2600 Old Mobile Highway, Pascagoula, MS 39567April 30, 1964Full Service Brick and Mortar
4226660Gautier Branch2235 Highway 90, Gautier, MS 39553April 13, 1970Full Service Brick and Mortar
5226661Escatawpa Branch7616 Highway 613, Moss Point, MS 39563September 05, 1972Full Service Brick and Mortar
6226662Wade BranchHighway 63, Wade, MS 39567September 16, 1985Full Service Brick and Mortar
7226663Ocean Springs Branch2008 Bienville Blvd, Ocean Springs, MS 39564August 15, 1994Full Service Brick and Mortar
8334335Hurley Branch21536 Highway 613, Moss Point, MS 39563November 29, 1999Full Service Brick and Mortar
9357582Saint Martin Branch6416 North Washington Avenue, Ocean Springs, MS 39564Febuary 22, 2000Full Service Brick and Mortar
11272420Lucedale Branch11283 Old 63 South, Lucedale, MS 39452July 19, 1991Full Service Brick and Mortar
12493860Market Street Branch1807 Market St, Pascagoula, MS 39567October 17, 2008Full Service Brick and Mortar
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