The Farmers & Merchants Bank in Stuttgart, Arkansas (AR)

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The Farmers & Merchants Bank
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)148
Total assets$622,634
Cash and due from depository institutions$18,490
Interest-bearing balances$568
Federal funds sold & reverse repurchase agreements$13,441
Net loans & leases$317,971
Loan loss allowance $4,843
Trading account assets$0
Bank premises and fixed assets$5,541
Other real estate owned$8,867
Goodwill and other intangibles$17,960
All other assets$24,828
Life insurance assets$622,634
Total liabilities and capital$539,302
Total liabilities$490,789
Total deposits$450,716
Interest-bearing deposits$490,789
Deposits held in domestic offices$86
% insured (estimated)31411.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,995
Other borrowed funds $0
Subordinated debt $4,107
All other liabilities $83,332
Total equity capital$83,332
Total bank equity capital$83,332
Perpetual preferred stock$0
Common stock$10
Undivided profits $41,808
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,645
Earning assets $0
Long-term assets (5+ years) $5,749
Average Assets, year-to-date $547,516
Average Assets, quarterly $241,606
Volatile liabilities $607,781
Insider loans $613,233
FHLB advances $382,180
Loans and leases held for sale $592,973
Unused loan commitments $13,276
Tier 1 (core) risk-based capital $3,015
Tier 2 risk-based capital $63,030
Total risk weighted assets $5,789
Total unused commitments $4,472
Restructured Loans and leases $81,087
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,813
Total interest expense $4,504
Net interest income $21,309
Provision for loan and lease losses $1,275
Total noninterest income $4,208
Fiduciary activities $300
Service charges on deposit accounts $2,001
Trading account gains & fees $0
Additional noninterest income $1,907
Total noninterest expense $14,611
Salaries and employee benefits $9,181
Premises and equipment expense $1,605
Additional noninterest expense $3,825
Pre-tax net operating income $9,631
Securities gains (losses) $518
Applicable income taxes $2,559
Income before extraordinary items $7,590
Extraordinary gains - net $0
Net income attributable to bank $7,590
Net charge-offs $0
Cash dividends $7,590
Sale, conversion, retirement of capital stock, net $1,716
Net operating income $384
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 0.84%
Net interest margin 3.96%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 2.72%
Net operating income to assets 1.18%
Return on assets (ROA) 1.25%
Pretax return on assets 1.67%
Return on equity (ROE) 9.70%
Retained earnings to average equity (YTD only) 9.21%
Net charge-offs to loans 0.51%
Credit loss provision to net charge-offs 74.30%
Efficiency ratio6.36%
Assets per employee$55,798
Cash dividends to net income (YTD only)4.21%
Condition Ratios (%)
Loss allowance to loans 5.06%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 183.10%
Noncurrent loans to loans 1.85%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 64.79%
Equity capital to assets 75.75%
Core capital (leverage) ratio 13.38%
Tier 1 risk-based capital ratio 10.63%
Total risk-based capital ratio 16.49%
Average assets$18
Average earning assets$607,781
Average equity $78,249
Average loans $537,447
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$63,167
Number of Accounts1
Personal trust and agency accounts$45,809
Employee benefit-defined contribution accounts$16,197
Employee benefit-defined benefit accounts$14,480
Other retirement accounts$0
Corporate trust and agency accounts$797
Investment management agency accounts$7,933
Other fiduciary accounts$6,402
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts300
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$17,358
Corporate trust and agency accounts$1,171
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$15,503
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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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