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.
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2025
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 183
Date Established
1929
Assets
$ 147.29 million
Loans
$ 49.60 million
Deposits
$ 132.35 million
Capital
$ 12.54 million
Summary Balance Sheet as of June 30, 2025
ASSETS
Cash & Balances due from depository institutions
$ 5.63 million
Interest-bearing balances
$ 4.83 million
Total securities
$ 80.10 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 49.60 million
Loan loss allowance
$ 0.97 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
$ 134.74 million
LIABILITIES
Total deposits
$ 132.35 million
Interest-bearing deposits
$ 87.89 million
Deposits held in domestic offices
$ 132.35 million
% insured (estimated)"
68.47%
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
$ 134.74 million
Shareholders’ Equity
$ 12.54 million
Summary Income Statement as of June 30, 2025
INCOME AND EXPENSES
Total Interest Income
$ 3.03 million
Total Interest Expense
$ 0.92 million
Net interest income
$ 2.11 million
Provision for loan and lease losses
$ 0.04 million
Total non interest income
$ 0.15 million
Total non interest expense
$ 1.82 million
Pre-tax Net Operating Income
$ 2.54 million
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