Merchants and Farmers Bank in Kosciusko, Mississippi (MS), AL, TN, FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Merchants and Farmers Bank in Kosciusko, Mississippi (MS), AL, TN, FL
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Merchants and Farmers Bank - Overview

  • General
  • FDIC Certificate #: 9361
    Status: Active
    Federal Reserve ID: 844343
    Bank Holding Company (Regulatory Top Holder): First M & F Corporation (RSSDID: 1095982, Location: Kosciusko, MS)
    Date Established: August 16, 1890
    WWW: http://www.mfbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 39 (Domestic: 39, Interstate: Yes)
    OTS Docket #: 9835
    FDIC's unique #: 6010
    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: November 20, 2006
    Last Structure Change Process Date: January 11, 2007
    Last Data Update: January 11, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 221 East Washington Street, Kosciusko, MS 39090
    County: Attala
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $1,561.3 mil
    Equity capital: $137.5 mil
    Deposits held in domestic offices: $1,372.4 mil
    Return on assets (ROA): 0.34% ($5.3 mil)
    Quarterly return on assets: 0.31% ($4.8 mil)
    Return on Equity (ROE): 3.95% ($5.4 mil)
    Quarterly return on equity: 3.53% ($4.8 mil)
    Net income: $5.4 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.44% ($6,869.8 mil)
    Quarterly Pretax return on assets: 0.39% ($6,089.1 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
  • 460Total employees (full-time equivalent)
  • $1,561,320Total assets
  • $77,504Cash and due from depository institutions
  • $37,528Interest-bearing balances
  • $319,269Securities
  • $25,000Federal funds sold & reverse repurchase agreements
  • $1,007,460Net loans & leases
  • $14,953Loan loss allowance
  • $0Trading account assets
  • $37,925Bank premises and fixed assets
  • $36,951Other real estate owned
  • $4,586Goodwill and other intangibles
  • $1,561,320Life insurance assets
  • $52,625All other assets
  • $1,423,850Total liabilities and capital
  • $1,372,438Total liabilities
  • $1,140,710Total deposits
  • $1,372,438Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 4398.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,709Trading liabilities
  • $0Other borrowed funds
  • $7,305Subordinated debt
  • $137,470All other liabilities
  • $137,470Total equity capital
  • $137,470Total bank equity capital
  • $0Perpetual preferred stock
  • $1,095Common stock
  • $163,720Surplus
  • $-27,345Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $26,073Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,779Income earned, not collected on loans
  • $0Earning assets
  • $6,103Long-term assets (5+ years)
  • $1,389,257Average Assets, year-to-date
  • $388,934Average Assets, quarterly
  • $1,592,160Volatile liabilities
  • $1,570,475Insider loans
  • $1,167,619FHLB advances
  • $1,548,329Loans and leases held for sale
  • $22,477Unused loan commitments
  • $22,118Tier 1 (core) risk-based capital
  • $126,487Tier 2 risk-based capital
  • $359Total risk weighted assets
  • $0Total unused commitments
  • $128,102Restructured Loans and leases
  • $14,932Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $68,698Total interest income
  • $15,374Total interest expense
  • $53,324Net interest income
  • $9,720Provision for loan and lease losses
  • $13,845Total noninterest income
  • $188Fiduciary activities
  • $7,163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,494Additional noninterest income
  • $52,593Total noninterest expense
  • $28,476Salaries and employee benefits
  • $5,806Premises and equipment expense
  • $18,311Additional noninterest expense
  • $4,856Pre-tax net operating income
  • $2,138Securities gains (losses)
  • $1,606Applicable income taxes
  • $5,388Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,388Net income attributable to bank
  • $0Net charge-offs
  • $5,388Cash dividends
  • $10,793Sale, conversion, retirement of capital stock, net
  • $2,650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 3.95%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 1.03%Net charge-offs to loans
  • 90.06%Credit loss provision to net charge-offs
  • 1.35%Efficiency ratio
  • 77,664Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.18%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 84.10%Noncurrent assets plus other real estate owned to assets
  • 3.55%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 73.41%Net loans and leases to core deposits
  • 77.46%Equity capital to assets
  • 8.80%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 10.83%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,592,160Average earning assets
  • $136,469Average equity
  • $1,420,478Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $48,558Managed Assets
  • 1Number of Accounts
  • $45,673Personal trust and agency accounts
  • $19,704Employee benefit-defined contribution accounts
  • $13,296Employee benefit-defined benefit accounts
  • $7,981Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,756Investment management agency accounts
  • $1,936Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 114Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,885Other retirement accounts
  • $0Corporate trust and agency accounts
  • $577Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    59538Columbiana Branch106 E College St, Columbiana, AL 35051January 01, 1892Full Service Brick and Mortar
    61186258Inverness Branch107 Inverness Cors, Birmingham, AL 35242August 23, 1973Full Service Brick and Mortar
    63186262Pelham Branch3513 Pelham Parkway, Pelham, AL 35124March 31, 1986Full Service Brick and Mortar
    64186264Chelsea Branch16623 Highway 280, Chelsea, AL 35043August 21, 1989Full Service Brick and Mortar
  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    76468937Niceville Branch750 John Sims Pkwy E, Niceville, FL 32578November 05, 2007Full Service Brick and Mortar
  • 31 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06010Merchants And Farmers Bank221 East Washington Street, Kosciusko, MS 39090August 16, 1890Full Service Brick and Mortar
    2219964Court Square Branch121 West Washington Street, Kosciusko, MS 39090September 13, 1952Limited Service Facility
    3219965North Side Drive-In Branch220 Highway 12 E, Kosciusko, MS 39090July 06, 1964Full Service Brick and Mortar
    6256Durant Branch381 Nw Depot St, Durant, MS 39063April 06, 1900Full Service Brick and Mortar
    9219970Durant Drive In15977 N Jackson St., Durant, MS 39063June 11, 1973Limited Service Facility
    10219971Starkville Branch315 University Drive, Starkville, MS 39759May 14, 1974Full Service Brick and Mortar
    14219974Ackerman Branch9027 Ms Highway 15, Ackerman, MS 39735January 26, 1979Full Service Brick and Mortar
    1514943Oxford Main Branch1111 East Jackson Avenue, Oxford, MS 38655May 20, 1974Full Service Brick and Mortar
    16253095Tradewind Branch1901 University Avenue, Oxford, MS 38655November 10, 1975Limited Service Facility
    183325Canton Branch3330 S Liberty St, Canton, MS 39046January 01, 1903Full Service Brick and Mortar
    22219975Madison Branch100 Old Canton Road And Highway 51 South, Madison, MS 39110August 18, 1986Full Service Brick and Mortar
    27252339Pearl Branch2917 Highway 80 East, Pearl, MS 39208November 01, 1973Full Service Brick and Mortar
    31219977Philadelphia Westside Branch1012 W Beacon St, Philadelphia, MS 39350March 01, 1995Full Service Brick and Mortar
    3313891Bruce Branch105 Town Square, Bruce, MS 38915June 26, 1970Full Service Brick and Mortar
    35219979Starkville Crossing Branch806 Highway 12 W, Starkville, MS 39759December 04, 1995Full Service Brick and Mortar
    36219980Clinton Branch322 Highway 80, Suite D, Clinton, MS 39056August 04, 1997Limited Service Loan Production
    38219982Southaven Branch1287 Main St, Southaven, MS 38671July 01, 1998Full Service Brick and Mortar
    39219983Grenada Branch350 Sunset Drive, Grenada, MS 38901July 20, 1998Full Service Brick and Mortar
    4012687Cleveland Branch308 East Sunflower Road, Cleveland, MS 38732July 18, 1963Full Service Brick and Mortar
    41219984Clinton Branch411 Highway 80 E, Clinton, MS 39056March 08, 1999Full Service Brick and Mortar
    4241552Tupelo Branch333 Court St, Tupelo, MS 38804December 01, 1933Full Service Brick and Mortar
    43270204West Side Branch3425 West Main Street, Tupelo, MS 38801September 29, 1997Full Service Brick and Mortar
    45357570Madison Admin Branch966 Hwy 51 S, Madison, MS 39110January 01, 2000Limited Service Administrative
    52418683Medical Center Branch901 South Gloster, Tupelo, MS 38801March 31, 2003Full Service Brick and Mortar
    53425720Flowood Branch4247 Lakeland Dr, Flowood, MS 39232Febuary 23, 2004Full Service Brick and Mortar
    57433846Olive Branch Office6543 Goodman Road, Olive Branch, MS 38654November 15, 2004Full Service Brick and Mortar
    58444968Church Road Branch510 Church Road West, Southaven, MS 38671September 13, 2005Full Service Brick and Mortar
    65450676Highland Colony Branch1600 Highland Colony Parkway, Madison, MS 39110April 13, 2006Full Service Brick and Mortar
    74466028Spillway Road Branch1934 Spillway Road, Brandon, MS 39047July 30, 2007Full Service Brick and Mortar
    75467486Lake Harbour Branch732 Lake Harbour, Ridgeland, MS 39157August 27, 2007Full Service Brick and Mortar
    77484672Brandon Branch1285 West Government Street, Brandon, MS 39042December 15, 2008Full Service Brick and Mortar
  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    54428107Thousand Oaks Boulevard Loan Product2650 Thousand Oaks Boulevard, Suite 2370, Memphis, TN 38118April 19, 2004Limited Service Loan Production
    66966Bells Branch32 E Main St, Bells, TN 38006January 06, 1912Full Service Brick and Mortar
    72463796Cordova Branch2323 North Germantown Parkway, Suite 105, Cordova, TN 38016June 12, 2007Full Service Brick and Mortar

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