Merchants & Marine Bank in Pascagoula, Mississippi (MS), AL
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 144Total employees (full-time equivalent)
  • $556,127Total assets
  • $72,797Cash and due from depository institutions
  • $53,556Interest-bearing balances
  • $204,887Securities
  • $97Federal funds sold & reverse repurchase agreements
  • $234,262Net loans & leases
  • $3,745Loan loss allowance
  • $0Trading account assets
  • $17,661Bank premises and fixed assets
  • $5,615Other real estate owned
  • $2,974Goodwill and other intangibles
  • $556,127Life insurance assets
  • $17,834All other assets
  • $502,448Total liabilities and capital
  • $476,782Total liabilities
  • $390,890Total deposits
  • $476,782Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 12275.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13,391Subordinated debt
  • $53,679All other liabilities
  • $53,679Total equity capital
  • $53,679Total bank equity capital
  • $0Perpetual preferred stock
  • $3,326Common stock
  • $14,500Surplus
  • $35,853Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,341Income earned, not collected on loans
  • $0Earning assets
  • $2,554Long-term assets (5+ years)
  • $492,802Average Assets, year-to-date
  • $163,241Average Assets, quarterly
  • $540,478Volatile liabilities
  • $542,791Insider loans
  • $335,356FHLB advances
  • $541,926Loans and leases held for sale
  • $6,875Unused loan commitments
  • $6,875Tier 1 (core) risk-based capital
  • $55,237Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,992Restructured Loans and leases
  • $2,267Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,538Total interest income
  • $3,043Total interest expense
  • $17,495Net interest income
  • $2,455Provision for loan and lease losses
  • $6,795Total noninterest income
  • $0Fiduciary activities
  • $4,590Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,205Additional noninterest income
  • $16,662Total noninterest expense
  • $7,459Salaries and employee benefits
  • $2,903Premises and equipment expense
  • $6,300Additional noninterest expense
  • $5,173Pre-tax net operating income
  • $537Securities gains (losses)
  • $1,676Applicable income taxes
  • $4,034Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,034Net income attributable to bank
  • $0Net charge-offs
  • $4,034Cash dividends
  • $1,978Sale, conversion, retirement of capital stock, net
  • $2,062Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.58%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 7.50%Return on equity (ROE)
  • 3.67%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 124.12%Credit loss provision to net charge-offs
  • 3.86%Efficiency ratio
  • 68,596Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.12%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 112.09%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 49.13%Net loans and leases to core deposits
  • 53.71%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 16.47%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $540,478Average earning assets
  • $53,760Average equity
  • $488,194Average loans

List of branches

  • 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
  • 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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