Merchants and Planters Bank in Raymond, Mississippi (MS)
| Merchants and Planters Bank | |
|---|---|
| General | FDIC Certificate #: 327 Status: Active Federal Reserve ID: 579636 Date Established: Febuary 01, 1906 WWW: http://www.mpbank.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 12538 FDIC's unique #: 263 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: 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: 308 Raymond Square, Raymond, MS 39154 County: Hinds 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 Metropolitan Statistical Area (MSA): Jackson, MS (#3560) Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298) Core Based Statistical Area (CBSA): Jackson, MS (#27140) CBSA Metro Statistical Area: Jackson, MS (#27140) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $81.4 mil Equity capital: $7.7 mil Deposits held in domestic offices: $72.6 mil Return on assets (ROA): -0.11% (-$0.1 mil) Quarterly return on assets: 0.47% ($0.4 mil) Return on Equity (ROE): -1.14% (-$0.1 mil) Quarterly return on equity: 4.97% ($0.4 mil) Net income: -$0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.11% (-$89.5 mil) Quarterly Pretax return on assets: 0.47% ($382.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $81,356 |
| Cash and due from depository institutions | $4,905 |
| Interest-bearing balances | $805 |
| Securities | $29,356 |
| Federal funds sold & reverse repurchase agreements | $10,390 |
| Net loans & leases | $28,120 |
| Loan loss allowance | $1,216 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,017 |
| Other real estate owned | $1,940 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,628 |
| Life insurance assets | $81,356 |
| Total liabilities and capital | $73,622 |
| Total liabilities | $72,585 |
| Total deposits | $54,761 |
| Interest-bearing deposits | $72,585 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $866 |
| Other borrowed funds | $0 |
| Subordinated debt | $171 |
| All other liabilities | $7,734 |
| Total equity capital | $7,734 |
| Total bank equity capital | $7,734 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,900 |
| Undivided profits | $4,734 |
| Memoranda | |
| 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 | $1,429 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $305 |
| Average Assets, year-to-date | $68,671 |
| Average Assets, quarterly | $37,826 |
| Volatile liabilities | $81,991 |
| Insider loans | $80,876 |
| FHLB advances | $39,850 |
| Loans and leases held for sale | $79,228 |
| Unused loan commitments | $2,427 |
| Tier 1 (core) risk-based capital | $1,216 |
| Tier 2 risk-based capital | $7,005 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,211 |
| Restructured Loans and leases | $1,321 |
| Derivatives | $730 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,701 |
| Total interest expense | $385 |
| Net interest income | $2,316 |
| Provision for loan and lease losses | -$17 |
| Total noninterest income | $548 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $246 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $302 |
| Total noninterest expense | $3,129 |
| Salaries and employee benefits | $1,519 |
| Premises and equipment expense | $573 |
| Additional noninterest expense | $1,037 |
| Pre-tax net operating income | -$248 |
| Securities gains (losses) | $160 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$88 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$88 |
| Net charge-offs | $0 |
| Cash dividends | -$88 |
| Sale, conversion, retirement of capital stock, net | $350 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.99% |
| Cost of funding earning assets | 0.57% |
| Net interest margin | 3.42% |
| Noninterest income to earning assets | 0.81% |
| Noninterest expense to earning assets | 4.62% |
| Net operating income to assets | -0.30% |
| Return on assets (ROA) | -0.11% |
| Pretax return on assets | -0.11% |
| Return on equity (ROE) | -1.14% |
| Retained earnings to average equity (YTD only) | -1.14% |
| Net charge-offs to loans | 1.08% |
| Credit loss provision to net charge-offs | -4.86% |
| Efficiency ratio | -0.76% |
| Assets per employee | $109,253 |
| Cash dividends to net income (YTD only) | 2.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.15% |
| Noncurrent assets plus other real estate owned to assets | 85.09% |
| Noncurrent loans to loans | 4.14% |
| Net loans and leases to deposits | 4.87% |
| Net loans and leases to core deposits | 38.74% |
| Equity capital to assets | 40.58% |
| Core capital (leverage) ratio | 9.51% |
| Tier 1 risk-based capital ratio | 8.84% |
| Total risk-based capital ratio | 17.58% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $81,991 |
| Average equity | $7,725 |
| Average loans | $67,758 |
| 5 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 263 | Merchants And Planters Bank | 308 Raymond Square, Raymond, MS 39154 | Febuary 01, 1906 | Full Service Brick and Mortar |  |
| 1 | 181531 | Highway 18 Branch | 13010 Highway 18, Raymond, MS 39154 | May 16, 1979 | Full Service Brick and Mortar |  |
| 2 | 6012 | Bolton Branch | 217 Madison Street, Bolton, MS 39041 | January 01, 1910 | Full Service Brick and Mortar | |
| 3 | 181532 | Clinton Branch | 133 Highway 80 East, Clinton, MS 39056 | December 22, 1992 | Full Service Brick and Mortar | |
| 4 | 459420 | Merchants And Planters Bank Loan Pro | 1775 Lelia Drive, Suite B, Jackson, MS 39216 | Febuary 14, 2007 | Limited Service Loan Production | |
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