The Farmers & Merchants Bank in Stuttgart, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 16216
    Status: Active
    Federal Reserve ID: 677644
    Bank Holding Company (Regulatory Top Holder): Farmers And Merchants Bankshares, Inc. (RSSDID: 1099672, Location: Stuttgart, AR)
    Date Established: January 02, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 13011
    FDIC's unique #: 10415
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 02, 1945
    Last Structure Change Effective Date: June 18, 2009
    Last Structure Change Process Date: June 18, 2009
    Last Data Update: June 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 708 South Main Street, Stuttgart, AR 72160
    County: Arkansas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $622.6 mil
    Equity capital: $83.3 mil
    Deposits held in domestic offices: $490.8 mil
    Return on assets (ROA): 1.25% ($7.8 mil)
    Quarterly return on assets: 0.99% ($6.2 mil)
    Return on Equity (ROE): 9.70% ($8.1 mil)
    Quarterly return on equity: 7.34% ($6.1 mil)
    Net income: $7.6 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.67% ($10,398.0 mil)
    Quarterly Pretax return on assets: 1.41% ($8,779.1 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
  • 148Total employees (full-time equivalent)
  • $622,634Total assets
  • $18,490Cash and due from depository institutions
  • $568Interest-bearing balances
  • $215,536Securities
  • $13,441Federal funds sold & reverse repurchase agreements
  • $317,971Net loans & leases
  • $4,843Loan loss allowance
  • $0Trading account assets
  • $5,541Bank premises and fixed assets
  • $8,867Other real estate owned
  • $17,960Goodwill and other intangibles
  • $622,634Life insurance assets
  • $24,828All other assets
  • $539,302Total liabilities and capital
  • $490,789Total liabilities
  • $450,716Total deposits
  • $490,789Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 31411.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,995Trading liabilities
  • $0Other borrowed funds
  • $4,107Subordinated debt
  • $83,332All other liabilities
  • $83,332Total equity capital
  • $83,332Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $41,514Surplus
  • $41,808Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,645Income earned, not collected on loans
  • $0Earning assets
  • $5,749Long-term assets (5+ years)
  • $547,516Average Assets, year-to-date
  • $241,606Average Assets, quarterly
  • $607,781Volatile liabilities
  • $613,233Insider loans
  • $382,180FHLB advances
  • $592,973Loans and leases held for sale
  • $13,276Unused loan commitments
  • $3,015Tier 1 (core) risk-based capital
  • $63,030Tier 2 risk-based capital
  • $5,789Total risk weighted assets
  • $4,472Total unused commitments
  • $81,087Restructured Loans and leases
  • $1,959Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,813Total interest income
  • $4,504Total interest expense
  • $21,309Net interest income
  • $1,275Provision for loan and lease losses
  • $4,208Total noninterest income
  • $300Fiduciary activities
  • $2,001Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,907Additional noninterest income
  • $14,611Total noninterest expense
  • $9,181Salaries and employee benefits
  • $1,605Premises and equipment expense
  • $3,825Additional noninterest expense
  • $9,631Pre-tax net operating income
  • $518Securities gains (losses)
  • $2,559Applicable income taxes
  • $7,590Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,590Net income attributable to bank
  • $0Net charge-offs
  • $7,590Cash dividends
  • $1,716Sale, conversion, retirement of capital stock, net
  • $384Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 9.70%Return on equity (ROE)
  • 9.21%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 74.30%Credit loss provision to net charge-offs
  • 6.36%Efficiency ratio
  • 55,798Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.06%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 183.10%Noncurrent assets plus other real estate owned to assets
  • 1.85%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 64.79%Net loans and leases to core deposits
  • 75.75%Equity capital to assets
  • 13.38%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 16.49%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $607,781Average earning assets
  • $78,249Average equity
  • $537,447Average 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
  • $63,167Managed Assets
  • 1Number of Accounts
  • $45,809Personal trust and agency accounts
  • $16,197Employee benefit-defined contribution accounts
  • $14,480Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $797Corporate trust and agency accounts
  • $7,933Investment management agency accounts
  • $6,402Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 300Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,358Other retirement accounts
  • $1,171Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $15,503Fiduciary accounts held in foreign offices

List of branches

  • 14 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010415The Farmers & Merchants Bank708 South Main Street, Stuttgart, AR 72160January 02, 1945Full Service Brick and Mortar
    1237613Drive-In BranchSeventh And Maple Streets, Stuttgart, AR 72160April 22, 1968Limited Service Facility
    2237614Teller's Window Branch21st And Buerkle Streets, Stuttgart, AR 72160March 27, 1972Limited Service Facility
    3237615North Main Street Branch801 North Main Street, Stuttgart, AR 72160March 19, 1974Limited Service Facility
    6237616Hazen Branch110 North Front, Hazen, AR 72064Febuary 26, 1996Full Service Brick and Mortar
    7237617East 22nd Street Branch102 East 22nd Street, Stuttgart, AR 72160July 22, 1997Limited Service Facility
    8181035De Valls Bluff BranchHighway 70 West, De Valls Bluff, AR 72041July 15, 1934Full Service Brick and Mortar
    10422954Whitehead Drive Branch1960 Whitehead Drive, Dewitt, AR 72042August 18, 2003Full Service Brick and Mortar
    1111417Desarc Branch110 W Third, Des Arc, AR 72040December 28, 1901Full Service Brick and Mortar
    1210539Perryville BranchHighway 9, 10 And 60 East, Perryville, AR 72126January 02, 1942Full Service Brick and Mortar
    13237940Bigelow BranchHighway 113 North, Bigelow, AR 72016September 01, 1994Full Service Brick and Mortar
    14237942Morrilton Branch1600 North Oak Street, Morrilton, AR 72110June 08, 1998Full Service Brick and Mortar
    158881Marianna Branch33 West Main Street, Marianna, AR 72360April 09, 1934Full Service Brick and Mortar
    16231199Moro BranchMain And Front Streets, Moro, AR 72368September 05, 1963Full Service Brick and Mortar

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