Merchants & Planters Bank in Bolivar, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants & Planters Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 52Total employees (full-time equivalent)
  • $95,442Total assets
  • $4,494Cash and due from depository institutions
  • $2,321Interest-bearing balances
  • $12,982Securities
  • $4,225Federal funds sold & reverse repurchase agreements
  • $65,736Net loans & leases
  • $1,187Loan loss allowance
  • $0Trading account assets
  • $2,023Bank premises and fixed assets
  • $119Other real estate owned
  • $0Goodwill and other intangibles
  • $95,442Life insurance assets
  • $5,863All other assets
  • $85,254Total liabilities and capital
  • $80,979Total liabilities
  • $72,691Total deposits
  • $80,979Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $775Subordinated debt
  • $10,188All other liabilities
  • $10,188Total equity capital
  • $10,188Total bank equity capital
  • $0Perpetual preferred stock
  • $340Common stock
  • $3,020Surplus
  • $6,828Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,335Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $0Earning assets
  • $391Long-term assets (5+ years)
  • $85,264Average Assets, year-to-date
  • $21,753Average Assets, quarterly
  • $93,209Volatile liabilities
  • $94,642Insider loans
  • $66,405FHLB advances
  • $94,873Loans and leases held for sale
  • $3,463Unused loan commitments
  • $3,463Tier 1 (core) risk-based capital
  • $9,001Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,239Restructured Loans and leases
  • $1,916Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,460Total interest income
  • $858Total interest expense
  • $3,602Net interest income
  • $370Provision for loan and lease losses
  • $2,344Total noninterest income
  • $0Fiduciary activities
  • $488Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,856Additional noninterest income
  • $5,110Total noninterest expense
  • $3,207Salaries and employee benefits
  • $544Premises and equipment expense
  • $1,359Additional noninterest expense
  • $466Pre-tax net operating income
  • $127Securities gains (losses)
  • -$111Applicable income taxes
  • $704Income before extraordinary items
  • $0Extraordinary gains - net
  • $704Net income attributable to bank
  • $0Net charge-offs
  • $704Cash dividends
  • $77Sale, conversion, retirement of capital stock, net
  • $385Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.35%Net interest margin
  • 2.83%Noninterest income to earning assets
  • 6.18%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 7.24%Return on equity (ROE)
  • 3.28%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 480.52%Credit loss provision to net charge-offs
  • 10.86%Efficiency ratio
  • 85,940Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.69%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 2580.43%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 81.18%Net loans and leases to core deposits
  • 82.25%Equity capital to assets
  • 10.67%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 13.55%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $93,209Average earning assets
  • $9,725Average equity
  • $82,712Average loans

List of branches

  • 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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