# MERCHANTS BANK
JACKSON, AL · FDIC certificate 18637 · asset band <$300M · latest filing 2019-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $225.2M | |
| Deposits | $205.3M | |
| Loans and leases | $153.7M | |
| Total equity | $19.0M | |
| Loans / deposits | 74.05% (p46 of band) | 76.50% |
| Liquid assets / assets | 25.28% (p38 of band) | |
| Uninsured deposits / deposits | 18.81% (p62 of band) | 15.89% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p20 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.89% (p11 of band) | 11.35% |
| Unrealized securities loss / equity | -3.56% (p10 of band) | -0.33% |
| AOCI / equity | 2.05% (p70 of band) | |
| ROA (annualized) | -2.17% (p1 of band) | 0.99% |
| Net interest margin | 4.07% (p67 of band) | 3.80% |
| Efficiency ratio | 141.42% (p99 of band) | |
| Noncurrent loans | 1.43% (p75 of band) | 0.56% |
| Net charge-offs (annualized) | 0.12% (p87 of band) | |
| Reserve coverage of noncurrent | 76.87% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 53.45% (p81 of band) | |
| Auto loans | $145,000 (0.09% of loans; DQ 26.21%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.4% | |
| Employees | 52 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 4 | losing money, charge-offs p90 |  |
| 2012-09 | 3 |  | capital falling |
| 2012-12 | 2 |  | losing money |
| 2013-03 | 1 |  | charge-offs p90 |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | losing money, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-11-21 [Brian Hokanson named market president for Merchants Bank - Cannon Falls Beacon](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQRGE1bG9tejhReHd3ZEF3dzFURDVqY2pKT1dSNUhKU251MkVuLWlOZVltNV8tR0xaNzgxcFc2RmZmR3EydDNUcVA4UHNhSm5yclAxMUNlRnpXbDVWRUVjVUc4SmlrR3FCSm1Hamw1cGRNdC1hYzQ5Z2NkemtzRWw5VGMzMDRndmhVeGtvUmlseTdUSFpIQTRpZ1E4WjRQVTNxQV93MWc5c1piWEp6V3VOOWRVaWIwWjBhY2V1OXlxS3F6a0VTV2JldUpCWFI2RWlGeWxB?oc=5) · Cannon Falls Beacon
- 2025-10-24 [Merchants & Marine Bancorp, Inc. to Acquire Farmers-Merchants Bank & Trust - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxPbkpIRzRjYndNazNJUmxnaldQazFJcFBUejZWSXlTNnVadmpUT192b2Z4Q0gzLXBoNlNselFlQ2JMOHVWRk1yamUtaG1ESWhsQXRSSWxxWkhRRVN2MHNIZGxtbXg1VndEbElpSmxpQmZIS2QwNVZDRnVYOVlvdjB6VmtvM3Z1OXpEN2V0V1BydG5xc0NGU2U0dC03SGhuWUx4MG5PLUUzLWNXZ0RtcEREQzBnNnU5ZVZ2Q2lYTWt0eFdNQkox?oc=5) · Business Wire
- 2026-01-06 [Mary Banks Obituary - Attalla, AL - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTE5WMHN3ZXJHVXE4aDNWUzdaVkJTd2dBRF9pbFdLLTFaaDg0UnJkQzYzcFBhMkdsc3B3UmZMSkgtU3dfckdWZ0dweGttM0NBMm5IcVoyNlhmX01YSEpNYVlXMEgwbm1fQ2NMQTFxd2pMMDJqMHNpUC1PcVp1bzdlQQ?oc=5) · Dignity Memorial
- 2021-08-25 [SouthPoint Bank, Merchants Bank of Alabama announce merger - AL.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxQcS10TzdIZENDZGYwRk5Cb2huTGRIZ204eDZ6emhhaHBSdTMzVkJCMmROUGpSUmFWV2xyM2t4VVViTXc1b2FXZ1Vvd1ZTNllvdjh2YjZSOTBIcjl4Ul9uSWJMcGJQWElTNWlkQlJ5SDV5aEFmWVc3UU5fYTdvQ0lxbkk3NW52NHdVUVhHSmpOdnJjQ29HZndJZEk4enNJbXM?oc=5) · AL.com
- 2021-08-30 [SouthPoint and Merchants banks agree on Merger - Banking Exchange](https://news.google.com/rss/articles/CBMinAFBVV95cUxPTFA4eUU1RTlkelNaeXVteldfU0tEMUk4MUoyMWwwQzFBdzFwcWJ5RlNCd3ZlRWhldEExSVVkUVh1SjNNUWpIN1ctWUhkZ2xHZEstZDNsNi14VzFOLVM3WGlYN0g4Zng3YmxNOHpmaFJhdUFSSjFYVXRHcDlWWjAxSkRhTVJKdWVXRThsZUVOOTU4RjBhSkZCYTNzRzc?oc=5) · Banking Exchange
- 2021-07-22 [Tom and Beth Ray continue the family banking business in Waterloo - Business Alabama Magazine](https://news.google.com/rss/articles/CBMimgFBVV95cUxNT1FpVFpaVXBGZ0JUOGEwVG9IeTUtZXFEWWotVW1WcUFxazZwekJCM0pPOHhGTzRVNFVoU05wVWRXNXdzaDh3WENTMW03UE5BcEZDY1J2Mk1nQ0FXR2tyWFRRSGM3QUNMNHl5LXFQR0lWd1dkSkdWdll0S210dG5xU25qYnBTZ2VreHYxQXNQWmNZdU5aQTdaTDhR?oc=5) · Business Alabama Magazine
- 2024-06-17 [SouthPoint adds longtime shareholder to board - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxPeU9ydmFNTVNwRE9EQ0pXcGVLbER0cGV2bHlzd0x5LUt2QWw3ckt1QU1JY09GZzcyT2pwWlpzaGs5S19JcjBTLUJyWTJ5LVlXQnFyQWNtdldTdXh3SC0tRFBFZTY3SmxtbHFXR2h4U1huU3pNS0JVSjhFZjVRRG14YmEzaGhRYjBTeHRKbA?oc=5) · The Business Journals
- 2021-02-18 [China Merchants Bank rises among global private banking elite - euromoney.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQZEJnanlwUl84NmJId3BKdjJNRjZMOWM3QTBlU1J1TjBUT05lY1JUdlV3b3hRVnlwSFVwVWR6RkNjR2pPb3N1VGh0OGhnb2hSMGZHNnl2THc4VWFfTVRFVmtjQ2VoYXJEVnlWNEpVWTRwNVpWRkQtSklkZW5QdGY2UHRndnJWeW8wZ0NhWlh1TzVHTkZNODlFdXNhOWVZd3htdERSM1ZCdEVuZnotejZzWW1aUEY3S3FyZURXNGloeVl5ZzBhOG0wR0w5OUs3MDZ5QkE?oc=5) · euromoney.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18637 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/13.json (key "18637", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide