# MERCHANTS&FARMERS BANK
KOSCIUSKO, MS · FDIC certificate 9361 · asset band $1-10B · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 1 (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 | $1.52B | |
| Deposits | $1.37B | |
| Loans and leases | $969.6M | |
| Total equity | $104.7M | |
| Loans / deposits | 69.50% (p29 of band) | 80.47% |
| Liquid assets / assets | 30.58% (p59 of band) | |
| Uninsured deposits / deposits | 15.86% (p36 of band) | 21.14% |
| Brokered deposits | 0.73% | |
| Wholesale funding | 0.86% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.81% (p4 of band) | 9.74% |
| Unrealized securities loss / equity | -1.91% (p30 of band) | -0.29% |
| AOCI / equity | -4.84% (p24 of band) | |
| ROA (annualized) | 0.44% (p15 of band) | 0.91% |
| Net interest margin | 3.60% (p57 of band) | 3.50% |
| Efficiency ratio | 74.88% (p74 of band) | |
| Noncurrent loans | 0.64% (p22 of band) | 1.39% |
| Net charge-offs (annualized) | 0.09% (p43 of band) | |
| Reserve coverage of noncurrent | 312.30% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 60.38% (p82 of band) | |
| Auto loans | $15.8M (1.63% of loans; DQ 0.86%, NCO 0.00%) | |
| Loans to nondepository financials | $2.2M (2% of equity) (p84 of band) | |
| Deposits YoY | 0.4% | |
| Employees | 413 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | leverage <7% |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9361 (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/17.json (key "9361", 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.

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