Merchants & Planters Bank

Headquarters

411 West Market Street
Bolivar, TN 38008
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 & Planters Bank is an FDIC insured institution located in Bolivar, TN. It was founded in 1905 and has approximately $0.09 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 8665
Date Established 1905
Assets $ 87.96 million
Loans $ 49.27 million
Deposits $ 73.46 million
Capital $ 11.03 million
 

For a more detailed analysis of Merchants & Planters Bank'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 & Planters Bank

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Merchants & Planters Bank
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Branches

Merchants & Planters 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:
Fairfield,Connecticut


Merchants & Planters Bank Locations


Financial Details

Merchants & Planters Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants & Planters 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 & Planters Bank U.S. Bank Average
8.74% 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 & Planters Bank had $49,000 in non-current loans and $986,000 in owned real estate. To cover these potential losses it had $11,028,000 in equity and $808,000 in loans loss reserves. That gives it a Texas Ratio of 8.74%.

Return on Equity
Merchants & Planters Bank U.S. Bank Average
4.74% 7.80%

Merchants & Planters Bank has a Return on Equity of 4.74% 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 & Planters Bank U.S. Bank Average
12.54% 12.68%

Merchants & Planters Bank has a Capitalization of 12.54% 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 & Planters Bank Balance Sheet Analysis

As of March 31, 2018, Merchants & Planters Bank had assets of $86,508,000, loans of $49,265,000, and deposits of $73,461,000. 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 $ 11.19 million
Interest-bearing balances $ 8.89 million
Total securities $ 16.24 million
Federal funds sold and reverse repurchase $ 2.85 million
Net loans and leases $ 49.27 million
Loan loss allowance $ 0.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.99 million
Goodwill and other intangibles N.A.
All other assets $ 4.67 million
     Total Assets $ 75.48 million
LIABILITIES
Total deposits $ 73.46 million
      Interest-bearing deposits $ 62.71 million
      Deposits held in domestic offices $ 73.46 million
      % insured (estimated) 96.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.50 million
Subordinated debt N.A.
All other liabilities $ 0.52 million
      Total Liabilities $ 75.48 million
      Shareholders’ Equity $ 12.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.88 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.81 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.20 million
Total non interest expense $ 0.78 million
Pre-tax Net Operating Income $ 0.26 million

Bank Loan Profile?

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

Compared to other banks, Merchants & Planters Bank’s loan portfolio does not show any specific loan specialty.

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 27.86
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.86
Small Business Loans 0.00
Construction and Development Loans 4.05
Commercial Real Estate 35.42
Commercial and Industrial Loans 12.63
Farm Loans 0.02

Frequently Asked Questions About Merchants & Planters Bank

Branches and Savings

Is Merchants & Planters Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8665.

Why does Merchants & Planters 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 & Planters Bank CD rates not competitive?

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

Is Merchants & Planters Bank a commercial bank?

Yes

Where are Merchants & Planters Bank locations?

See branch locations nearby.

Is Merchants & Planters Bank open on Saturdays?

Is Merchants & Planters Bank open on Sundays?

What time does Merchants & Planters Bank open?

What time does Merchants & Planters Bank close?

Are Merchants & Planters Bank ATMs Open 24/7?

Do Merchants & Planters Bank ATMs accept cash deposits?

Can Merchants & Planters Bank customers use other ATMs?

Do Merchants & Planters Bank branches have notaries?

Will Merchants & Planters Bank notarize my document?

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

Will the Merchants & Planters Bank branch print checks?

Do Merchants & Planters Bank checks expire?

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

Can Merchants & Planters Bank close my account?

Does Merchants & Planters Bank Report to credit bureaus?

Does Merchants & Planters Bank Use Equifax?

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

What is Merchants & Planters Bank's SWIFT code?

Products

Does Merchants & Planters Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Merchants & Planters Bank offer personal loans?

Compare personal loan rates here.

Does Merchants & Planters Bank offer student loans?

Will Merchants & Planters Bank cash a check?

Will Merchants & Planters Bank redeem a savings bond?

Does Merchants & Planters Bank cash savings bonds?

Will Merchants & Planters Bank cash money orders?

Can Merchants & Planters Bank issue a money order?

Does Merchants & Planters Bank do currency exchange?

Background on The Bank

Who owns Merchants & Planters Bank?

How long has Merchants & Planters Bank been around?

Can Merchants & Planters Bank transfer to other banks?

Does Merchants & Planters Bank have quick pay?

Does Merchants & Planters Bank accept rolled coins?

Will Merchants & Planters Bank accept loose change?

Where is Merchants & Planters Bank headquarters?

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