Merchants & Southern Bank


3361 North Main Street
Gainesville, FL 32602
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Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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 & Southern Bank is an FDIC insured institution located in Gainesville, FL. It was founded in 1959 and has approximately $0.44 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18116
Date Established 1959
Assets $ 439.81 million
Loans $ 196.72 million
Deposits $ 356.55 million
Capital $ 46.12 million

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Merchants & Southern 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
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info

Note to Merchants & Southern Bank
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Financial Details

Merchants & Southern Bank Ratio Analysis

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

Texas Ratio
Merchants & Southern Bank U.S. Bank Average
12.24% 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 & Southern Bank had $1,860,000 in non-current loans and $4,198,000 in owned real estate. To cover these potential losses it had $46,121,000 in equity and $3,359,000 in loans loss reserves. That gives it a Texas Ratio of 12.24%.

Return on Equity
Merchants & Southern Bank U.S. Bank Average
9.77% 7.80%

Merchants & Southern Bank has a Return on Equity of 9.77% 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.

Merchants & Southern Bank U.S. Bank Average
10.49% 12.68%

Merchants & Southern Bank has a Capitalization of 10.49% 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 & Southern Bank Balance Sheet Analysis

As of March 31, 2015, Merchants & Southern Bank had assets of $439,810,000, loans of $196,718,000, and deposits of $356,546,000. 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
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 196.72 million
Loan loss allowance $ 3.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.20 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 356.55 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 439.81 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Florida, Merchants & Southern Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Construction and Development Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.14
Credit Card Loans 0.00
Consumer Auto Loans 0.65
Small Business Loans 25.43
Construction and Development Loans 13.98
Commercial Real Estate 58.04
Commercial and Industrial Loans 6.31
Farm Loans 0.00

Frequently Asked Questions About Merchants & Southern Bank

Branches and Savings

Is Merchants & Southern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18116.

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

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

Is Merchants & Southern Bank a commercial bank?


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Does Merchants & Southern Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Merchants & Southern Bank offer personal loans?

Compare personal loan rates here.

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Background on The Bank

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Can Merchants & Southern Bank transfer to other banks?

Does Merchants & Southern Bank have quick pay?

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Will Merchants & Southern Bank accept loose change?

Where is Merchants & Southern Bank headquarters?

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