The Merchants & Planters Bank
Headquarters
297 Madison St
Clarendon, AR 72029
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2024 Overview
General Bank Information
The Merchants & Planters Bank is an FDIC insured institution located in Clarendon, AR. It was founded in 1890 and has approximately $0.05 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 107 |
| Date Established | 1890 |
| Assets | $ 47.77 million |
| Loans | $ 17.30 million |
| Deposits | $ 44.77 million |
| Capital | $ 2.87 million |
For a more detailed analysis of The Merchants & Planters Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
Bank Offers
BMO Alto Lowers Most CD Rates
Dec 6, 2023
BMO lowered its 5-year, 4-year and 3-year CD rates today. The rates had been 5.25%, 5.20% and 5.10% and are now 4.90%, 4.90% and 5%, respectively.
BMO Alto Lowers Its CD Rates Again
Feb 20, 2024
BMO Alto lowered its 1-year CD from 5.30 to 5.15% APY this morning.
BMO offered outstanding CD rates in December. Now, two months later they are no longer rate competitive.
BMO Alto Slashes CD Rates
Aug 8, 2024
BMO Alto has slashed its CD rates. The one-year now stands at 4.75% APY (down from 5.05% yesterday). Its longer term CD rates are all now at 4% APY, except the 5-year which is 4.10% APY.
This marks a significant drop from an online bank that had previously offered some of the the most aggressive longer term CD rates.
BMO Alto Drops CD Rates Again
Oct 28, 2024
BMO Alto has dropped its CD rates again. Their 6-Month CD rate now stands at 4.50% APY and their 12-month rate is 4.30%.
Loan Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for The Merchants & Planters Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.868% |
6.750% 1.00 points $3,884 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to The Merchants & Planters Bank
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Branches
The Merchants & Planters Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
The Merchants & Planters Bank Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 571.52 | A | View Lobby Hours |
Climate Policy and Initiatives
The Merchants & Planters Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
The Merchants & Planters Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The Merchants & Planters Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| The Merchants & Planters Bank | U.S. Bank Average |
|---|---|
| 1.93% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, The Merchants & Planters Bank had $10,000 in non-current loans and $48,000 in owned real estate. To cover these potential losses it had $2,874,000 in equity and $131,000 in loans loss reserves. That gives it a Texas Ratio of 1.93%.
Return on Equity
| The Merchants & Planters Bank | U.S. Bank Average |
|---|---|
| 9.35% | 10.46% |
The Merchants & Planters Bank has a Return on Equity of 9.35% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| The Merchants & Planters Bank | U.S. Bank Average |
|---|---|
| 6.02% | 10.84% |
The Merchants & Planters Bank has a Capitalization of 6.02% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
The Merchants & Planters Bank Balance Sheet Analysis
As of June 30, 2024, The Merchants & Planters Bank had assets of $47,771,000, loans of $17,297,000, and deposits of $44,769,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 1.56 million |
| Interest-bearing balances | $ 0.49 million |
| Total securities | $ 25.27 million |
| Federal funds sold and reverse repurchase | $ 1.88 million |
| Net loans and leases | $ 17.30 million |
| Loan loss allowance | $ 0.13 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.05 million |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 1.22 million |
| Total Assets | $ 44.90 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 44.77 million |
| Interest-bearing deposits | $ 35.90 million |
| Deposits held in domestic offices | $ 44.77 million |
| % insured (estimated) | 66.38% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.08 million |
| Total Liabilities | $ 44.90 million |
| Shareholders’ Equity | $ 2.87 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 0.98 million |
| Total Interest Expense | $ 0.26 million |
| Net interest income | $ 0.72 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 0.07 million |
| Total non interest expense | $ 0.66 million |
| Pre-tax Net Operating Income | $ 0.07 million |
Bank Loan Profile?
The top three loan types in The Merchants & Planters Bank’s loan portfolio are Commercial and Industrial Loans, Small Business Loans, and Farm Loans.
Compared to other banks in Arkansas, The Merchants & Planters Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 1.66 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 1.15 | ✓ | ||
| Small Business Loans | 28.91 | ✓ | ||
| Construction and Development Loans | 0.76 | ✓ | ||
| Commercial Real Estate | 10.51 | ✓ | ||
| Commercial and Industrial Loans | 33.58 | ✓ | ||
| Farm Loans | 18.77 | ✓ | ||
Customer Reviews for The Merchants & Planters Bank
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