Merchants & Farmers Bank of Greene County, Alabama

Headquarters

251 Prairie Avenue
Eutaw, AL 35462
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Merchants & Farmers Bank of Greene County, Alabama is an FDIC insured institution located in Eutaw, AL. It was founded in 1900 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 855
Date Established 1900
Assets $ 79.53 million
Loans $ 48.00 million
Deposits $ 71.70 million
Capital $ 7.51 million
 

For a more detailed analysis of Merchants & Farmers Bank of Greene County, Alabama's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Merchants & Farmers Bank of Greene County, Alabama

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Merchants & Farmers Bank of Greene County, Alabama
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Branches

Merchants & Farmers Bank of Greene County, Alabama branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Merchants & Farmers Bank of Greene County, Alabama Locations


Financial Details

Merchants & Farmers Bank of Greene County, Alabama Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants & Farmers Bank of Greene County, Alabama. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Merchants & Farmers Bank of Greene County, Alabama U.S. Bank Average
16.19% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Merchants & Farmers Bank of Greene County, Alabama had $843,000 in non-current loans and $460,000 in owned real estate. To cover these potential losses it had $7,508,000 in equity and $541,000 in loans loss reserves. That gives it a Texas Ratio of 16.19%.

Return on Equity
Merchants & Farmers Bank of Greene County, Alabama U.S. Bank Average
2.79% 7.80%

Merchants & Farmers Bank of Greene County, Alabama has a Return on Equity of 2.79% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Merchants & Farmers Bank of Greene County, Alabama U.S. Bank Average
9.44% 12.68%

Merchants & Farmers Bank of Greene County, Alabama has a Capitalization of 9.44% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Merchants & Farmers Bank of Greene County, Alabama Balance Sheet Analysis

As of March 31, 2020, Merchants & Farmers Bank of Greene County, Alabama had assets of $79,532,000, loans of $47,999,000, and deposits of $71,696,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 4.84 million
Interest-bearing balances $ 1.30 million
Total securities $ 13.97 million
Federal funds sold and reverse repurchase $ 9.11 million
Net loans and leases $ 48.00 million
Loan loss allowance $ 0.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.46 million
Goodwill and other intangibles N.A.
All other assets $ 2.86 million
     Total Assets $ 72.02 million
LIABILITIES
Total deposits $ 71.70 million
      Interest-bearing deposits $ 50.58 million
      Deposits held in domestic offices $ 71.70 million
      % insured (estimated) 78.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.33 million
      Total Liabilities $ 72.02 million
      Shareholders’ Equity $ 7.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.89 million
Total Interest Expense $ 0.17 million
Net interest income $ 0.72 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.18 million
Total non interest expense $ 0.85 million
Pre-tax Net Operating Income $ 0.05 million

Bank Loan Profile?

The top three loan types in Merchants & Farmers Bank of Greene County, Alabama’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Alabama, Merchants & Farmers Bank of Greene County, Alabama has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.16
Multifamily
Mortgages
5.75
Credit Card Loans 0.00
Consumer Auto Loans 12.37
Small Business Loans 0.00
Construction and Development Loans 1.10
Commercial Real Estate 28.19
Commercial and Industrial Loans 14.45
Farm Loans 2.01

Frequently Asked Questions About Merchants & Farmers Bank Of Greene County, Alabama

Branches and Savings

Is Merchants & Farmers Bank Of Greene County, Alabama FDIC insured?

Yes. It is covered under FDIC Certificate #855.

Why does Merchants & Farmers Bank Of Greene County, Alabama pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Merchants & Farmers Bank Of Greene County, Alabama CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Merchants & Farmers Bank Of Greene County, Alabama a commercial bank?

Yes

Where are Merchants & Farmers Bank Of Greene County, Alabama locations?

See branch locations nearby.

Is Merchants & Farmers Bank Of Greene County, Alabama open on Saturdays?

Is Merchants & Farmers Bank Of Greene County, Alabama open on Sundays?

What time does Merchants & Farmers Bank Of Greene County, Alabama open?

What time does Merchants & Farmers Bank Of Greene County, Alabama close?

Are Merchants & Farmers Bank Of Greene County, Alabama ATMs Open 24/7?

Do Merchants & Farmers Bank Of Greene County, Alabama ATMs accept cash deposits?

Can Merchants & Farmers Bank Of Greene County, Alabama customers use other ATMs?

Do Merchants & Farmers Bank Of Greene County, Alabama branches have notaries?

Will Merchants & Farmers Bank Of Greene County, Alabama notarize my document?

What address for Merchants & Farmers Bank Of Greene County, Alabama should I put for incoming ACH transfers?

Will the Merchants & Farmers Bank Of Greene County, Alabama branch print checks?

Do Merchants & Farmers Bank Of Greene County, Alabama checks expire?

Does Merchants & Farmers Bank Of Greene County, Alabama require US citizenship to open account?

Can Merchants & Farmers Bank Of Greene County, Alabama close my account?

Does Merchants & Farmers Bank Of Greene County, Alabama Report to credit bureaus?

Does Merchants & Farmers Bank Of Greene County, Alabama Use Equifax?

What is Merchants & Farmers Bank Of Greene County, Alabama's ACH Routing Number?

What is Merchants & Farmers Bank Of Greene County, Alabama's SWIFT code?

Products

Does Merchants & Farmers Bank Of Greene County, Alabama offer mortgages?

Compare mortgage rates here.

Does Merchants & Farmers Bank Of Greene County, Alabama offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Merchants & Farmers Bank Of Greene County, Alabama offer personal loans?

Compare personal loan rates here.

Does Merchants & Farmers Bank Of Greene County, Alabama offer student loans?

Will Merchants & Farmers Bank Of Greene County, Alabama cash a check?

Will Merchants & Farmers Bank Of Greene County, Alabama redeem a savings bond?

Does Merchants & Farmers Bank Of Greene County, Alabama cash savings bonds?

Will Merchants & Farmers Bank Of Greene County, Alabama cash money orders?

Can Merchants & Farmers Bank Of Greene County, Alabama issue a money order?

Does Merchants & Farmers Bank Of Greene County, Alabama do currency exchange?

Background on The Bank

Who owns Merchants & Farmers Bank Of Greene County, Alabama?

How long has Merchants & Farmers Bank Of Greene County, Alabama been around?

Can Merchants & Farmers Bank Of Greene County, Alabama transfer to other banks?

Does Merchants & Farmers Bank Of Greene County, Alabama have quick pay?

Does Merchants & Farmers Bank Of Greene County, Alabama accept rolled coins?

Will Merchants & Farmers Bank Of Greene County, Alabama accept loose change?

Where is Merchants & Farmers Bank Of Greene County, Alabama headquarters?

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