Farmers & Merchants Bank (NC)

Farmers & Merchants Bank (NC) is headquartered in Granite Quarry and is the 32^nd largest bank in the state of North Carolina. It is also the 1,195^th largest bank in the nation. It was established in 1909 and as of March of 2012, it had grown to 122 employees at 11 locations. Farmers & Merchants Bank (NC) has a 3-star health rating.

Data for Q1 2012

Institution Statistics Farmers & Merchants Bank FDIC Certificate # 2036 BankRate Report View Year Established 1909 Employees 122 Primary Regulator FDIC Assets and Liabilities Assets $564.74 million Loans $427.33 million Deposits $439.12 million Equity Capital $74.55 million Loan Loss Allowance $10.01 million Unbacked Noncurrent Loans $30.77 million Real Estate Owned $9.82 million Historic Data - March 2011 Assets $630.24 million Equity Capital $74.07 million Loan Loss Allowance $11.68 million Unbacked Noncurrent Loans $47.74 million Real Estate Owned $8.22 million Profit Margin - Quarterly Net Interest Margin 4.05% Return on Assets 0.31% Return on Equity 2.37% Interest Income $5.93 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmers & Merchants Bank (NC) had $40.59 million in non-current loans and owned real-estate with $84.55 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Bank (NC) a Texas Ratio of 48.01% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Farmers & Merchants Bank (NC) decreased slightly from 65.26% as of March 31, 2011 to 48.01% as of March 31, 2012, resulting in a positive change of 26.44%.This indicates that the balance sheet and financial strength for Farmers & Merchants Bank (NC) has improved slightly in recent periods. Deposit Growth In the past year, Farmers & Merchants Bank (NC) has decreased its total deposits by -$46.56 million, resulting in -9.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers & Merchants Bank (NC) has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers & Merchants Bank (NC) has $564.74 million in assets with $84.55 million in equity, resulting in a capitalization level of 14.97%, which is excellent.

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