Merchants & Marine Bank
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 17.1 and a capital leverage ratio of 13.1. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10).
Other Rating Factors:
A current level of 2.7 percent of nonperforming loans to core capital combined with 2.6 percent from a year earlier contributes to the Good asset quality (6.9). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.5 has resulted in Fair (3.9) profitability.
Asset Mix:
Comm re (23%), securities (18%), home mtgs (13%), comm loans (10%), cash (7%), home eq lns (2%), consumer loans (1%), other (26%)
States with Branches:
AL, LA, MS
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Merchants & Marine Bancorp, Inc.
Investment Rating
Address
3118 Pascagoula Street
Pascagoula, MS 39567
Pascagoula, MS 39567
Phone Number
(228) 769-3890
Year Founded
1932
FDIC Number
Website
Largest Affiliates
No affiliate information available.