Merchants & Planters Bank in Bolivar, Tennessee (TN)

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Merchants & Planters Bank
GeneralFDIC Certificate #: 8665
Status: Active
Federal Reserve ID: 529855
Bank Holding Company (Regulatory Top Holder): Merchants & Planters Bancshares, Inc. (RSSDID: 1129971, Location: Bolivar, TN)
Date Established: October 01, 1905
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 9870
FDIC's unique #: 5524
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: October 22, 2009
Last Structure Change Process Date: October 22, 2009
Last Data Update: October 22, 2009
Data Source Date: April 05, 2012
LocationAddress: 411 West Market Street, Bolivar, TN 38008
County: Hardeman
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial SummaryTotal assets: $95.4 mil
Equity capital: $10.2 mil
Deposits held in domestic offices: $81.0 mil
Return on assets (ROA): 0.76% ($0.7 mil)
Quarterly return on assets: 0.55% ($0.5 mil)
Return on Equity (ROE): 7.24% ($0.7 mil)
Quarterly return on equity: 5.17% ($0.5 mil)
Net income: $0.7 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.64% ($610.8 mil)
Quarterly Pretax return on assets: 0.00% ($0.0 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)52
Total assets$95,442
Cash and due from depository institutions$4,494
Interest-bearing balances$2,321
Federal funds sold & reverse repurchase agreements$4,225
Net loans & leases$65,736
Loan loss allowance $1,187
Trading account assets$0
Bank premises and fixed assets$2,023
Other real estate owned$119
Goodwill and other intangibles$0
All other assets$5,863
Life insurance assets$95,442
Total liabilities and capital$85,254
Total liabilities$80,979
Total deposits$72,691
Interest-bearing deposits$80,979
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,500
Other borrowed funds $0
Subordinated debt $775
All other liabilities $10,188
Total equity capital$10,188
Total bank equity capital$10,188
Perpetual preferred stock$0
Common stock$340
Undivided profits $6,828
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,335
Income earned, not collected on loans $46
Earning assets $0
Long-term assets (5+ years) $391
Average Assets, year-to-date $85,264
Average Assets, quarterly $21,753
Volatile liabilities $93,209
Insider loans $94,642
FHLB advances $66,405
Loans and leases held for sale $94,873
Unused loan commitments $3,463
Tier 1 (core) risk-based capital $3,463
Tier 2 risk-based capital $9,001
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,239
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,460
Total interest expense $858
Net interest income $3,602
Provision for loan and lease losses $370
Total noninterest income $2,344
Fiduciary activities $0
Service charges on deposit accounts $488
Trading account gains & fees $0
Additional noninterest income $1,856
Total noninterest expense $5,110
Salaries and employee benefits $3,207
Premises and equipment expense $544
Additional noninterest expense $1,359
Pre-tax net operating income $466
Securities gains (losses) $127
Applicable income taxes -$111
Income before extraordinary items $704
Extraordinary gains - net $0
Net income attributable to bank $704
Net charge-offs $0
Cash dividends $704
Sale, conversion, retirement of capital stock, net $77
Net operating income $385
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.39%
Cost of funding earning assets 1.04%
Net interest margin 4.35%
Noninterest income to earning assets 2.83%
Noninterest expense to earning assets 6.18%
Net operating income to assets 0.62%
Return on assets (ROA) 0.76%
Pretax return on assets 0.64%
Return on equity (ROE) 7.24%
Retained earnings to average equity (YTD only) 3.28%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 480.52%
Efficiency ratio10.86%
Assets per employee$85,940
Cash dividends to net income (YTD only)1.84%
Condition Ratios (%)
Loss allowance to loans 54.69%
Loss allowance to noncurrent loans 1.77%
Noncurrent assets plus other real estate owned to assets 2580.43%
Noncurrent loans to loans 0.17%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 81.18%
Equity capital to assets 82.25%
Core capital (leverage) ratio 10.67%
Tier 1 risk-based capital ratio 9.49%
Total risk-based capital ratio 13.55%
Average assets$15
Average earning assets$93,209
Average equity $9,725
Average loans $82,712
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7 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05524Merchants & Planters Bank411 West Market Street, Bolivar, TN 38008October 01, 1905Full Service Brick and Mortar
1218818Toone Branch35 Kilgore Road, Toone, TN 38381September 07, 1982Full Service Brick and Mortar
2218819West Side Branch1355 West Market Street, Bolivar, TN 38008October 28, 1996Full Service Brick and Mortar
3218820Whiteville Branch2640 Highway 64, Whiteville, TN 38075July 19, 1999Full Service Brick and Mortar
4334353Middleton Branch294 South Main Street, Middleton, TN 38052March 30, 2000Full Service Brick and Mortar
6489868Jackson Lpo Branch1143 Rushmeade, Jackson, TN 38305April 15, 2009Limited Service Loan Production
7495057Merchants & Planters Bank Home Loans6401 Poplar Avenue, Suite 270, Memphis, TN 38119September 14, 2009Limited Service Loan Production
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