Banks | The Merchants & Citizens Bank

The Merchants & Citizens Bank


The Merchants & Citizens Bank is an FDIC insured institution headquartered at 6 College St, Mcrae, GA 31055.
It was founded in 1929 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - April 03, 2025

SAVINGS RATES APY MIN
Savings
0.20% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.55% $10,000 Compare
24 Mo CD
0.65% $10,000 Compare
36 Mo CD
0.75% $10,000 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
0.20% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 183
Date Established 1929
Assets $ 134.20 million
Loans $ 42.91 million
Deposits $ 117.73 million
Capital $ 14.08 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 5.55 million
Interest-bearing balances $ 4.57 million
Total securities $ 74.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 42.91 million
Loan loss allowance $ 0.96 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.90 million
All other assets $ 7.24 million
     Total Assets $ 120.12 million

LIABILITIES
Total deposits $ 117.73 million
      Interest-bearing deposits $ 77.62 million
      Deposits held in domestic offices $ 117.73 million
      % insured (estimated)" 73.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.93 millionn
      Total Liabilities $ 120.12 million
      Shareholders’ Equity $ 14.08 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 4.00 million
Total Interest Expense $ 1.29 million
Net interest income $ 2.71 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.23 million
Total non interest expense $ 2.44 million
Pre-tax Net Operating Income $ 2.54 million

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