Banks | Merchants & Planters' Bank

Merchants & Planters' Bank


Merchants & Planters' Bank is an FDIC insured institution headquartered at 120 Hazel St, Newport, AR 72112.
It was founded in 1946 and has approximately $0 billion in assets. Customers can open an account at one of its 9 branches.

Deposit Rates - April 19, 2024

SAVINGS RATES APY MIN
Savings
0.30% $2,500 Compare
CD RATES APY MIN
Special: 5 Mo CD
0.25% $500 Compare
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
Special: 11 Mo CD
0.75% $500 Compare
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.30% $100,000 Compare
18 Mo CD
0.35% $10,000 Compare
18 Mo CD
0.35% $100,000 Compare
Special: 21 Mo CD
0.95% $500 Compare
Special: 21 Mo CD
1.16% $500 Compare
24 Mo CD
0.75% $10,000 Compare
24 Mo CD
0.75% $100,000 Compare
36 Mo CD
1.00% $10,000 Compare
36 Mo CD
1.00% $100,000 Compare
Special: 40 Mo CD
1.16% $500 Compare
60 Mo CD
1.41% $10,000 Compare
60 Mo CD
1.41% $100,000 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.15% $25,000 Compare
FIXED IRA RATES APY MIN
Special: 5 Mo FIRA
0.25% $500
Special: 11 Mo FIRA
0.75% $500
Special: 21 Mo FIRA
0.95% $500
Special: 21 Mo FIRA
1.16% $500
Special: 40 Mo FIRA
1.16% $500
INT CHECKING RATES APY MIN
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16464
Date Established 1946
Assets $ 327.09 million
Loans $ 161.40 million
Deposits $ 288.85 million
Capital $ 28.13 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 23.79 million
Interest-bearing balances $ 10.71 million
Total securities $ 108.39 million
Federal funds sold and reverse repurchase $ 5.30 million
Net loans and leases $ 161.40 million
Loan loss allowance $ 1.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 17.64 million
     Total Assets $ 298.96 million

LIABILITIES
Total deposits $ 288.85 million
      Interest-bearing deposits $ 198.22 million
      Deposits held in domestic offices $ 288.85 million
      % insured (estimated) 75.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.56 million
Subordinated debt N.A.
All other liabilities $ 3.87 millionn
      Total Liabilities $ 298.96 million
      Shareholders’ Equity $ 28.13 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 14.97 million
Total Interest Expense $ 3.74 million
Net interest income $ 11.23 million
Provision for loan and lease losses $ 0.88 million
Total non interest income $ 3.96 million
Total non interest expense $ 11.40 million
Pre-tax Net Operating Income $ 1.44 million

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