Merchants and Farmers Bank in West Helena, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 06, 1998

  • Merchants and Farmers Bank in West Helena, Arkansas (AR)
  • Show street view No street view available for this location

Merchants and Farmers Bank - Overview

  • General
  • FDIC Certificate #: 16766
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Planters Bank, National Association (#4979)
    Federal Reserve ID: 801748
    Date Established: January 24, 1949
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 10879
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 24, 1949
    Last Structure Change Effective Date: July 06, 1998
    Last Structure Change Process Date: July 22, 1998
    Last Data Update: July 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 425 Plaza Street, West Helena, AR 72390
    County: Phillips
    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: Western
    Core Based Statistical Area (CBSA): Helena-West Helena, AR (#25760)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $105.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 51Total employees (full-time equivalent)
  • $116,121Total assets
  • $6,418Cash and due from depository institutions
  • $1,105Interest-bearing balances
  • $33,640Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $70,263Net loans & leases
  • $1,605Loan loss allowance
  • $0Trading account assets
  • $1,413Bank premises and fixed assets
  • $69Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,318All other assets
  • $116,121Total liabilities and capital
  • $106,773Total liabilities
  • $105,782Total deposits
  • $87,471Interest-bearing deposits
  • $105,782Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $991All other liabilities
  • $9,348Total equity capital
  • $9,348Total bank equity capital
  • $9,348Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,000Undivided profits
  • Memoranda
  • $7,848Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $599Earning assets
  • $0Long-term assets (5+ years)
  • $1,240Average Assets, year-to-date
  • $107,008Average Assets, quarterly
  • $9,016Volatile liabilities
  • $115,404Insider loans
  • $114,842FHLB advances
  • $16,495Loans and leases held for sale
  • $5,199Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,844Total unused commitments
  • $0Restructured Loans and leases
  • $77,769Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $9,151Total interest income
  • $3,936Total interest expense
  • $5,215Net interest income
  • $1,040Provision for loan and lease losses
  • $721Total noninterest income
  • $4Fiduciary activities
  • $427Service charges on deposit accounts
  • $0Trading account gains & fees
  • $290Additional noninterest income
  • $3,863Total noninterest expense
  • $1,576Salaries and employee benefits
  • $563Premises and equipment expense
  • $1,724Additional noninterest expense
  • $1,033Pre-tax net operating income
  • -$25Securities gains (losses)
  • $488Applicable income taxes
  • $520Income before extraordinary items
  • $0Extraordinary gains - net
  • $520Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $257Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.65%Yield on earning assets
  • 3.72%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 5.43%Return on equity (ROE)
  • -1.62%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 404.67%Credit loss provision to net charge-offs
  • 8.07%Efficiency ratio
  • 65,077Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 129.81%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 267.95%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 66.42%Net loans and leases to core deposits
  • 78.69%Equity capital to assets
  • 8.05%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 11.89%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $115,404Average earning assets
  • $9,578Average equity
  • $105,808Average loans
1
Monique Brownlee Harvey
I found a safe deposit box lease from 96 when still under M&F. My parents were still living there so would have known of the merger. I found no other paperwork. I guess the lease ended. Can this be verified? Box was 212. My name, maiden, was also on it. Parents are John and Sarah Brownlee. Thank you.

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