Farmers and Merchants Bank
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 25.8 and a capital leverage ratio of 14.9. Operating profits as a percentage of assets at 2.9%, coupled with a return on assets of 2.2 has resulted in Excellent (9.8) profitability.
Other Rating Factors:
A current level of 2.4 percent of nonperforming loans to core capital combined with 0.7 percent from a year earlier contributes to the Excellent asset quality (8.8). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (7.0 on a scale of 0 to 10).
Asset Mix:
Securities (29%), comm re (24%), cash (13%), home mtgs (10%), home eq lns (3%), comm loans (2%), consumer loans (0%), other (18%)
States with Branches:
NC
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
F & M Financial Corporation
Investment Rating
--
Address
138 N. Salisbury GQ Ave
Granite Quarry, NC 28072
Granite Quarry, NC 28072
Phone Number
(704) 633-1772
Year Founded
1909
FDIC Number
Website
Largest Affiliates
No affiliate information available.