Banks | Merchants & Farmers Bank & Trust Company

Merchants & Farmers Bank & Trust Company


Merchants & Farmers Bank & Trust Company is an FDIC insured institution headquartered at 501 S 5th St, Leesville, LA 71446.
It was founded in 1928 and has approximately $0 billion in assets. Customers can open an account at one of its 9 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.15% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.53% $10,000 Compare
6 Mo CD
0.55% $100,000 Compare
12 Mo CD
0.70% $10,000 Compare
12 Mo CD
0.75% $100,000 Compare
18 Mo CD
0.81% $10,000 Compare
18 Mo CD
0.85% $100,000 Compare
24 Mo CD
0.86% $10,000 Compare
24 Mo CD
0.90% $100,000 Compare
30 Mo CD
0.86% $10,000 Compare
30 Mo CD
0.90% $100,000 Compare
36 Mo CD
0.95% $10,000 Compare
36 Mo CD
0.99% $100,000 Compare
MM RATES APY MIN
Money Market
0.20% $2,500 Compare
Money Market
0.20% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9319
Date Established 1928
Assets $ 475.82 million
Loans $ 250.55 million
Deposits $ 425.80 million
Capital $ 40.39 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 36.06 million
Interest-bearing balances $ 21.91 million
Total securities $ 158.21 million
Federal funds sold and reverse repurchase $ 0.40 million
Net loans and leases $ 250.55 million
Loan loss allowance $ 2.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.49 million
Goodwill and other intangibles $ 7.72 million
All other assets $ 9.42 million
     Total Assets $ 435.42 million

LIABILITIES
Total deposits $ 425.80 million
      Interest-bearing deposits $ 290.47 million
      Deposits held in domestic offices $ 425.80 million
      % insured (estimated) 62.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 15.00 million
Subordinated debt N.A.
All other liabilities $ 4.16 millionn
      Total Liabilities $ 435.42 million
      Shareholders’ Equity $ 40.39 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 9.40 million
Total Interest Expense $ 2.41 million
Net interest income $ 6.99 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 1.16 million
Total non interest expense $ 7.00 million
Pre-tax Net Operating Income $ 1.70 million

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