The Merchants & Citizens Bank in Mc Rae, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Merchants & Citizens Bank - Overview

  • General
  • FDIC Certificate #: 183
    Status: Active
    Federal Reserve ID: 784430
    Date Established: Febuary 23, 1929
    WWW: http://www.merchantsandcitizensbank.com
    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 #: 145
    Numeric code: 21
    Regulator: FDIC
    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 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6 College Street, Mc Rae, GA 31055
    County: Telfair
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $101.9 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $85.7 mil
    Return on assets (ROA): 1.34% ($1.4 mil)
    Quarterly return on assets: 1.06% ($1.1 mil)
    Return on Equity (ROE): 9.45% ($1.4 mil)
    Quarterly return on equity: 7.15% ($1.1 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.50% ($1,529.2 mil)
    Quarterly Pretax return on assets: 1.05% ($1,070.4 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
  • 25Total employees (full-time equivalent)
  • $101,945Total assets
  • $10,224Cash and due from depository institutions
  • $8,592Interest-bearing balances
  • $40,674Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,843Net loans & leases
  • $1,021Loan loss allowance
  • $0Trading account assets
  • $805Bank premises and fixed assets
  • $86Other real estate owned
  • $2,894Goodwill and other intangibles
  • $101,945Life insurance assets
  • $5,419All other assets
  • $87,333Total liabilities and capital
  • $85,719Total liabilities
  • $60,793Total deposits
  • $85,719Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,614Subordinated debt
  • $14,612All other liabilities
  • $14,612Total equity capital
  • $14,612Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $5,800Surplus
  • $7,612Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,829Income earned, not collected on loans
  • $0Earning assets
  • $807Long-term assets (5+ years)
  • $91,109Average Assets, year-to-date
  • $40,663Average Assets, quarterly
  • $97,777Volatile liabilities
  • $99,627Insider loans
  • $57,046FHLB advances
  • $95,795Loans and leases held for sale
  • $2,945Unused loan commitments
  • $1,241Tier 1 (core) risk-based capital
  • $11,382Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,704Total unused commitments
  • $2,406Restructured Loans and leases
  • $2,015Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,589Total interest income
  • $707Total interest expense
  • $3,882Net interest income
  • $445Provision for loan and lease losses
  • $426Total noninterest income
  • $0Fiduciary activities
  • $286Service charges on deposit accounts
  • $0Trading account gains & fees
  • $140Additional noninterest income
  • $2,814Total noninterest expense
  • $1,493Salaries and employee benefits
  • $238Premises and equipment expense
  • $1,083Additional noninterest expense
  • $1,049Pre-tax net operating income
  • $416Securities gains (losses)
  • $157Applicable income taxes
  • $1,308Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,308Net income attributable to bank
  • $0Net charge-offs
  • $1,308Cash dividends
  • $697Sale, conversion, retirement of capital stock, net
  • $330Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 9.45%Return on equity (ROE)
  • 7.07%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 63.85%Credit loss provision to net charge-offs
  • 2.14%Efficiency ratio
  • 64,856Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.23%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 55.82%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 4.27%Net loans and leases to deposits
  • 48.81%Net loans and leases to core deposits
  • 51.03%Equity capital to assets
  • 14.33%Core capital (leverage) ratio
  • 11.88%Tier 1 risk-based capital ratio
  • 19.95%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $97,777Average earning assets
  • $13,834Average equity
  • $86,713Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0145The Merchants & Citizens Bank6 College Street, Mc Rae, GA 31055Febuary 23, 1929Full Service Brick and Mortar
    1123Milan BranchMount Zion Street, Milan, GA 31060December 01, 1906Full Service Brick and Mortar

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