Merchants & Southern Bank

3361 North Main Street
Gainesville, FL 32602
(352) 264-7250
www.ms-bank.com

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Merchants & Southern Bank is headquartered in Gainesville and is the 59^th largest bank in the state of Florida. It is also the 1,588^th largest bank in the nation. It was established in 1959 and as of March of 2012, it had grown to 125 employees at 14 locations. Merchants & Southern Bank has a 2-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Merchants & Southern Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	$1k	-	Personal NOW Checking
0.05%	$2,500	-	Business NOW Checking

Merchants & Southern Bank Savings Account Rates

Apy	Min	Max	Product
0.45%	$100	-	18 Month IRA Club
0.45%	$100	-	18 Month Roth IRA Club
0.45%	$100	-	18 Month SEP IRA Club
0.45%	$100	-	18 Month CESA Club
0.35%	$100	-	12 Month IRA Club
0.35%	$100	-	12 Month Roth IRA Club
0.35%	$100	-	12 Month SEP IRA Club
0.35%	$100	-	12 Month CESA Club
0.10%	$100	-	Personal Savings
0.10%	$500	-	Business Savings

Merchants & Southern Bank Money Market Rates

Apy	Min	Max	Product
0.40%	$50k	-	Personal Money Market
0.40%	$50k	-	Business Money Market

Merchants & Southern Bank CD Rates

Apy	Min	Max	Product
0.95%	$1k	-	60 Month CD
0.85%	$1k	-	48-59 Month CD
0.75%	$1k	-	36-47 Month CD
0.75%	$5k	-	37-60 Month Rate Watcher CD Special
0.55%	$1k	-	24-35 Month CD
0.35%	$1k	-	7 Month CD Special
0.35%	$1k	-	13-23 Month CD
0.25%	$1k	-	30-60 Day CD
0.25%	$1k	-	61-90 Day CD
0.25%	$1k	-	91-179 Day CD
0.25%	$1k	-	180-364 Day CD
0.25%	$1k	-	11 Month CD Special
0.25%	$1k	-	12 Month CD

Merchants & Southern Bank IRA Rates

Apy	Min	Max	Product
0.95%	$1k	-	60 Month IRA
0.95%	$1k	-	60 Month Roth IRA
0.95%	$1k	-	60 Month SEP IRA
0.95%	$1k	-	60 Month CESA
0.85%	$1k	-	48-59 Month IRA
0.85%	$1k	-	48-59 Month Roth IRA
0.85%	$1k	-	48-59 Month SEP IRA
0.85%	$1k	-	48-59 Month CESA
0.75%	$1k	-	36-47 Month IRA
0.75%	$5k	-	37-60 Month Rate Watcher IRA Special
0.75%	$1k	-	36-47 Month Roth IRA
0.75%	$5k	-	37-60 Month Rate Watcher Roth IRA Special
0.75%	$1k	-	36-47 Month SEP IRA
0.75%	$1k	-	36-47 Month CESA
0.75%	$5k	-	37-60 Month Rate Watcher SEP IRA Special
0.75%	$5k	-	37-60 Month Rate Watcher CESA Special
0.55%	$1k	-	24-35 Month IRA
0.55%	$1k	-	24-35 Month Roth IRA
0.55%	$1k	-	24-35 Month SEP IRA
0.55%	$1k	-	24-35 Month CESA
0.35%	$1k	-	7 Month IRA Special
0.35%	$1k	-	13-23 Month IRA
0.35%	$1k	-	7 Month Roth IRA Special
0.35%	$1k	-	13-23 Month Roth IRA
0.35%	$1k	-	7 Month SEP IRA Special
0.35%	$1k	-	7 Month CESA Special
0.35%	$1k	-	13-23 Month SEP IRA
0.35%	$1k	-	13-23 Month CESA
0.25%	$1k	-	11 Month IRA Special
0.25%	$1k	-	12 Month IRA
0.25%	$1k	-	11 Month Roth IRA Special
0.25%	$1k	-	12 Month Roth IRA
0.25%	$1k	-	11 Month SEP IRA Special
0.25%	$1k	-	11 Month CESA Special
0.25%	$1k	-	12 Month SEP IRA
0.25%	$1k	-	12 Month CESA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Merchants & Southern Bank
FDIC Certificate #	18116
BankRate Report	View
Year Established	1959
Employees	125
Primary Regulator	FDIC
Assets and Liabilities
Assets	$420.99 million
Loans	$230.09 million
Deposits	$322.28 million
Equity Capital	$35.79 million
Loan Loss Allowance	$5.70 million
Unbacked Noncurrent Loans	$15.92 million
Real Estate Owned	$9.31 million
Historic Data - March 2011
Assets	$385.01 million
Equity Capital	$31.02 million
Loan Loss Allowance	$8.73 million
Unbacked Noncurrent Loans	$13.78 million
Real Estate Owned	$11.97 million
Profit Margin - Quarterly
Net Interest Margin	3.44%
Return on Assets	0.64%
Return on Equity	7.38%
Interest Income	$3.64 million

Institution Health

Overall Score:

2 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 & Southern Bank had $25.22 million in non-current loans and owned real-estate with $41.49 million in equity and loan loss allowances on hand to cover it. This gives Merchants & Southern Bank a Texas Ratio of 60.79% 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 & Southern Bank held steady from 64.76% as of March 31, 2011 to 60.79% as of March 31, 2012, resulting in a positive change of 6.14%.This indicates that the balance sheet and financial strength for Merchants & Southern Bank has held steady in recent periods.
Deposit Growth
In the past year, Merchants & Southern Bank has decreased its total deposits by -$8.23 million, resulting in -2.49% 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 & Southern Bank has shown is below 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 & Southern Bank has $420.99 million in assets with $41.49 million in equity, resulting in a capitalization level of 9.86%, which is average.

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