Merchants & Marine Bank

Headquarters

3118 Pascagoula Street
Pascagoula, MS 39567
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.07% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.50% 0.95% →
5-Year CD 0.50% 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 & Marine Bank is an FDIC insured institution located in Pascagoula, MS. It was founded in 1932 and has approximately $0.59 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 12203
Date Established 1932
Assets $ 593.76 million
Loans $ 312.34 million
Deposits $ 502.13 million
Capital $ 76.48 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.07% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.06% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Merchants & Marine Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Merchants & Marine Bank
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Branches

Merchants & Marine Bank 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:
Ashburn,Virginia


Merchants & Marine Bank Locations


Financial Details

Merchants & Marine Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants & Marine Bank. 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 & Marine Bank U.S. Bank Average
6.72% 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 & Marine Bank had $4,844,000 in non-current loans and $524,000 in owned real estate. To cover these potential losses it had $76,479,000 in equity and $3,351,000 in loans loss reserves. That gives it a Texas Ratio of 6.72%.

Return on Equity
Merchants & Marine Bank U.S. Bank Average
4.49% 7.80%

Merchants & Marine Bank has a Return on Equity of 4.49% 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 & Marine Bank U.S. Bank Average
12.88% 12.68%

Merchants & Marine Bank has a Capitalization of 12.88% 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 & Marine Bank Balance Sheet Analysis

As of March 31, 2020, Merchants & Marine Bank had assets of $593,763,000, loans of $312,339,000, and deposits of $502,131,000. 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 $ 74.98 million
Interest-bearing balances $ 42.63 million
Total securities $ 160.78 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 312.34 million
Loan loss allowance $ 3.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.52 million
Goodwill and other intangibles $ 2.82 million
All other assets $ 24.23 million
     Total Assets $ 517.28 million
LIABILITIES
Total deposits $ 502.13 million
      Interest-bearing deposits $ 393.27 million
      Deposits held in domestic offices $ 502.13 million
      % insured (estimated) 68.55%
Federal funds purchased and repurchase agreements $ 5.78 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 9.37 million
      Total Liabilities $ 517.28 million
      Shareholders’ Equity $ 76.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.17 million
Total Interest Expense $ 0.82 million
Net interest income $ 4.35 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 1.22 million
Total non interest expense $ 4.63 million
Pre-tax Net Operating Income $ 0.88 million

Bank Loan Profile?

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

Compared to other banks in Mississippi, Merchants & Marine Bank has a significantly higher percent of Commercial Real Estate 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 28.63
Multifamily
Mortgages
1.09
Credit Card Loans 0.00
Consumer Auto Loans 4.73
Small Business Loans 0.00
Construction and Development Loans 9.54
Commercial Real Estate 40.59
Commercial and Industrial Loans 11.84
Farm Loans 0.00

Frequently Asked Questions About Merchants & Marine Bank

Branches and Savings

Is Merchants & Marine Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12203.

Why does Merchants & Marine Bank pay such low interest on savings accounts?

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

Why are Merchants & Marine Bank CD rates not competitive?

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

Is Merchants & Marine Bank a commercial bank?

Yes

Where are Merchants & Marine Bank locations?

See branch locations nearby.

Is Merchants & Marine Bank open on Saturdays?

Is Merchants & Marine Bank open on Sundays?

What time does Merchants & Marine Bank open?

What time does Merchants & Marine Bank close?

Are Merchants & Marine Bank ATMs Open 24/7?

Do Merchants & Marine Bank ATMs accept cash deposits?

Can Merchants & Marine Bank customers use other ATMs?

Do Merchants & Marine Bank branches have notaries?

Will Merchants & Marine Bank notarize my document?

What address for Merchants & Marine Bank should I put for incoming ACH transfers?

Will the Merchants & Marine Bank branch print checks?

Do Merchants & Marine Bank checks expire?

Does Merchants & Marine Bank require US citizenship to open account?

Can Merchants & Marine Bank close my account?

Does Merchants & Marine Bank Report to credit bureaus?

Does Merchants & Marine Bank Use Equifax?

What is Merchants & Marine Bank's ACH Routing Number?

What is Merchants & Marine Bank's SWIFT code?

Products

Does Merchants & Marine Bank offer mortgages?

Compare mortgage rates here.

Does Merchants & Marine Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Merchants & Marine Bank offer personal loans?

Compare personal loan rates here.

Does Merchants & Marine Bank offer student loans?

Will Merchants & Marine Bank cash a check?

Will Merchants & Marine Bank redeem a savings bond?

Does Merchants & Marine Bank cash savings bonds?

Will Merchants & Marine Bank cash money orders?

Can Merchants & Marine Bank issue a money order?

Does Merchants & Marine Bank do currency exchange?

Background on The Bank

Who owns Merchants & Marine Bank?

How long has Merchants & Marine Bank been around?

Can Merchants & Marine Bank transfer to other banks?

Does Merchants & Marine Bank have quick pay?

Does Merchants & Marine Bank accept rolled coins?

Will Merchants & Marine Bank accept loose change?

Where is Merchants & Marine Bank headquarters?

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