The Farmers & Merchants Bank in Waterloo, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Farmers & Merchants Bank in Waterloo, Alabama (AL)
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The Farmers & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 1745
    Status: Active
    Federal Reserve ID: 291732
    Date Established: July 01, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1157
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 Main St, Waterloo, AL 35677
    County: Lauderdale
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Florence, AL (#2650)
    Core Based Statistical Area (CBSA): Florence-Muscle Shoals, AL (#22520)
    CBSA Metro Statistical Area: Florence-Muscle Shoals, AL (#22520)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $66.5 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $52.2 mil
    Return on assets (ROA): 1.64% ($1.1 mil)
    Quarterly return on assets: -0.36% (-$0.2 mil)
    Return on Equity (ROE): 8.22% ($1.1 mil)
    Quarterly return on equity: -1.73% (-$0.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 1.73% ($1,150.0 mil)
    Quarterly Pretax return on assets: -0.28% (-$186.1 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
  • 11Total employees (full-time equivalent)
  • $66,472Total assets
  • $1,282Cash and due from depository institutions
  • $309Interest-bearing balances
  • $51,545Securities
  • $3,175Federal funds sold & reverse repurchase agreements
  • $9,492Net loans & leases
  • $359Loan loss allowance
  • $0Trading account assets
  • $235Bank premises and fixed assets
  • $60Other real estate owned
  • $0Goodwill and other intangibles
  • $66,472Life insurance assets
  • $683All other assets
  • $53,128Total liabilities and capital
  • $52,180Total liabilities
  • $39,273Total deposits
  • $52,180Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $948Subordinated debt
  • $13,344All other liabilities
  • $13,344Total equity capital
  • $13,344Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $125Surplus
  • $13,169Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $197Income earned, not collected on loans
  • $0Earning assets
  • $498Long-term assets (5+ years)
  • $64,521Average Assets, year-to-date
  • $48,643Average Assets, quarterly
  • $62,418Volatile liabilities
  • $65,117Insider loans
  • $28,920FHLB advances
  • $66,467Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,346Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,185Restructured Loans and leases
  • $103Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,625Total interest income
  • $698Total interest expense
  • $1,927Net interest income
  • $0Provision for loan and lease losses
  • $285Total noninterest income
  • $0Fiduciary activities
  • $187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $98Additional noninterest income
  • $1,147Total noninterest expense
  • $871Salaries and employee benefits
  • $103Premises and equipment expense
  • $173Additional noninterest expense
  • $1,065Pre-tax net operating income
  • $13Securities gains (losses)
  • $54Applicable income taxes
  • $1,024Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,024Net income attributable to bank
  • $0Net charge-offs
  • $1,024Cash dividends
  • $16Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 1.91%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 8.22%Return on equity (ROE)
  • 7.01%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 66.56%Efficiency ratio
  • 51,854Assets per employee
  • 6.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.65%Loss allowance to loans
  • 3.64%Loss allowance to noncurrent loans
  • 182.23%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 18.19%Net loans and leases to core deposits
  • 19.49%Equity capital to assets
  • 20.07%Core capital (leverage) ratio
  • 18.57%Tier 1 risk-based capital ratio
  • 42.69%Total risk-based capital ratio
  • Memoranda
  • $44Average assets
  • $62,418Average earning assets
  • $12,462Average equity
  • $60,052Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01157The Farmers & Merchants Bank320 Main St, Waterloo, AL 35677July 01, 1914Full Service Brick and Mortar
    1190062Florence BranchHighway 20, Central Plaza, Florence, AL 35630July 26, 1994Full Service Brick and Mortar

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