Merchants & Farmers Bank
Millport, AL — Domestic Branch of a Domestic Bank
Acquired Jan 2006
Vitals
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Total Assets69.4M 4.1 %
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Total Deposits56.0M 9.0 %
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Total Net Loans44.1M 2.9 %
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Net Income458000.0000 -47.7 %
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Book Value8.9M 2.3 %
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Book Value x217.9M 2.3 %
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Book Value x326.8M 2.3 %
Balance Sheet Highlights
| Financial Highlights | Merchants & Farmers Bank | All Insured Commercial Banks in Alabama |
| Balance Sheet $(000) | ||
| Total Assets | 69,390 | 182,912 |
| Total Net Loans | 44,094 | 118,515 |
| Total Deposits | 55,978 | 148,234 |
| Total Equity | 8,930 | 18,511 |
| Profitability | ||
| Net Income | 458 | 13,088 |
| Return on Average Assets | .67 | 1.274 |
| Return on Average Equity | 5.137 | 12.406 |
| Net Interest Margin | 4.931 | 4.306 |
| Efficiency Ratio | 68.859 | 59.887 |
| Noninterest Income/Revenue | 6.321 | 14.09 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 78.77 | 73.958 |
| Securities/Assets | .216 | 1.415 |
| Total Equity/Total Assets | .129 | .101 |
| Tangible Equity/Tangible Assets | .129 | -1.536 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 9,110 | 18,112 |
| Tier 2 Capital | 619 | 1,481 |
| Total Capital | 9,729 | 19,547 |
| Total Risk Weighted Assets | 49,312 | 129,749 |
| Leverage Ratio | 12.67 | 10.806 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 18.47 | 16.369 |
| Total Capital Ratio | 19.73 | 17.459 |
Timeline for Merchants & Farmers Bank
West Alabama Bank & Trust
Merchants & Farmers Bank was acquired by West Alabama Bank & Trust 18 years
View Profile Jan 01 2006
West Alabama Bancshares, Inc.
West Alabama Bancshares, Inc. became a new parent organization for Merchants & Farmers Bank.
View Profile Oct 28 1982
Merchants & Farmers Bank
Merchants & Farmers Bank was established 75 years ago and is currently headquartered in Millport, AL.
Nov 03 1948| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| West Alabama Bank & Trust | Buyer | 581,455 | Acquisition | Discontinued | 1/1/2006 |
| Relationships | Role | Relationship Start | Relationship End |
| West Alabama Bancshares, Inc. | Parent | 1/21/1994 | 12/31/2005 |
| West Alabama Bancshares, Inc. | Parent | 7/16/1993 | 1/20/1994 |
| West Alabama Bancshares, Inc. | Parent | 12/31/1984 | 7/15/1993 |
| West Alabama Bancshares, Inc. | Parent | 12/31/1983 | 12/30/1984 |
| West Alabama Bancshares, Inc. | Parent | 10/28/1982 | 12/30/1983 |
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