Merchants Bank of Alabama

Merchants Bank of Alabama is headquartered in Cullman and is the 38^th largest bank in the state of Alabama. It is also the 2,600^th largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 84 employees at 5 locations. Merchants Bank of Alabama has a 3-star health rating.

Merchants Bank of Alabama Routing Number: 062203078

Data for Q1 2012

Institution Statistics Merchants Bank of Alabama FDIC Certificate # 46 BankRate Report View Year Established 1907 Employees 84 Primary Regulator FDIC Assets and Liabilities Assets $246.97 million Loans $147.83 million Deposits $224.92 million Equity Capital $21.06 million Loan Loss Allowance $2.93 million Unbacked Noncurrent Loans $8.51 million Real Estate Owned $6.21 million Historic Data - March 2011 Assets $255.43 million Equity Capital $19.03 million Loan Loss Allowance $2.69 million Unbacked Noncurrent Loans $9.63 million Real Estate Owned $7.89 million Profit Margin - Quarterly Net Interest Margin 4.08% Return on Assets 0.61% Return on Equity 7.19% Interest Income $2.59 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 Merchants Bank of Alabama had $14.72 million in non-current loans and owned real-estate with $23.99 million in equity and loan loss allowances on hand to cover it. This gives Merchants Bank of Alabama a Texas Ratio of 61.35% 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 Merchants Bank of Alabama decreased slightly from 80.65% as of March 31, 2011 to 61.35% as of March 31, 2012, resulting in a positive change of 23.92%.This indicates that the balance sheet and financial strength for Merchants Bank of Alabama has improved slightly in recent periods. Deposit Growth In the past year, Merchants Bank of Alabama has decreased its total deposits by $-476,000, resulting in -0.21% 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 Merchants Bank of Alabama has shown is average. 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. Merchants Bank of Alabama has $246.96 million in assets with $23.99 million in equity, resulting in a capitalization level of 9.71%, which is average.

No reviews have been left for this bank yet. Be the first to review.