Banks | Merchants & Marine Bank

Merchants & Marine Bank


Merchants & Marine Bank is an FDIC insured institution headquartered at 3118 Pascagoula St, Pascagoula, MS 39567.
It was founded in 1932 and has approximately $1 billion in assets. Customers can open an account at one of its 13 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.07% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.10% $10,000 Compare
6 Mo CD
0.10% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.50% $10,000 Compare
18 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.50% $100,000 Compare
36 Mo CD
0.50% $10,000 Compare
36 Mo CD
0.50% $100,000 Compare
48 Mo CD
0.50% $10,000 Compare
48 Mo CD
0.50% $100,000 Compare
60 Mo CD
0.50% $10,000 Compare
60 Mo CD
0.50% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.10% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $1
Int Ckg
0.06% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12203
Date Established 1932
Assets $ 777.40 million
Loans $ 446.83 million
Deposits $ 621.57 million
Capital $ 91.38 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 100.86 million
Interest-bearing balances $ 86.15 million
Total securities $ 156.33 million
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 446.83 million
Loan loss allowance $ 7.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 9.97 million
All other assets $ 25.28 million
     Total Assets $ 686.02 million

LIABILITIES
Total deposits $ 621.57 million
      Interest-bearing deposits $ 615.42 million
      Deposits held in domestic offices $ 621.57 million
      % insured (estimated) 73.95%
Federal funds purchased and repurchase agreements $ 2.92 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.63 millionn
      Total Liabilities $ 686.02 million
      Shareholders’ Equity $ 91.38 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 19.06 million
Total Interest Expense $ 2.35 million
Net interest income $ 16.71 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 5.24 million
Total non interest expense $ 19.22 million
Pre-tax Net Operating Income $ 0.30 million

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