Merchants & Marine Bank
Pascagoula, Mississippi, Jackson County
$1.3B in total assets, the 839th largest of 4,309 US banks and 11th of 57 headquartered in Mississippi.
- FDIC certificate
- 12203
- Established
- 1932
- Owned by
- Merchants&marine Bcorp Inc
- Primary regulator
- FDIC
- Website
- http://www.fmbanking.com
At a glance
Compared with 10 banks headquartered in Mississippi with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.3B | 30% | $2.3B | |
| Loans | $685M | 10% | $1.6B | |
| Deposits | $1.0B | 20% | $2.0B | |
| Return on assets | 1.45% | 80% | 1.08% | |
| Net interest margin | 4.66% | 90% | 3.90% | |
| Efficiency ratio | 75.8% | 98% | 62.9% | |
| Equity to assets | 9.65% | 20% | 11.19% | |
| Loans to deposits | 68% | 20% | 81% |
Growth
Total assets grew 13.0% a year over the last 5 years and 9.1% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2026 | Farmers-Merchants Bank & Trust Company Breaux Bridge, LA | $448M |
| Apr 2024 | Mississippi River Bank Belle Chasse, LA | $119M |
| Dec 2011 | Heritage First Bank Gulf Shores, AL | $55M |
Where they operate
24 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Jackson County, MS | $417M | 15.9% | 2 of 12 |
| St. Martin County, LA | $306M | 35.0% | 1 of 6 |
| Plaquemines County, LA | $94M | 20.2% | 3 of 3 |
| Baldwin County, AL | $76M | 1.1% | 19 of 32 |
| Lafayette County, LA | $40M | 0.4% | 19 of 31 |
| George County, MS | $38M | 8.6% | 4 of 4 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 12 branches since 2016 (12 to 24, +100.0%). 5 opened, 8 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 12 | |||
| 2016 | Opened FairhopeClosed Pascagoula | 1 | 1 | 0 | 12 |
| 2018 | Opened Daphne | 1 | 0 | +1 | 13 |
| 2020 | Opened Hattiesburg | 1 | 0 | +1 | 14 |
| 2021 | Opened Mobile | 1 | 0 | +1 | 15 |
| 2022 | Opened Mobile | 1 | 0 | +1 | 16 |
| 2024 | Acquired Mississippi River Bank | 2 | 0 | +2 | 18 |
| 2026 through Q2 | Acquired Farmers-Merchants Bank & Trust Company | 6 | 0 | +6 | 24 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 35% | |
| 1-4 family residential | 25% | 29% | |
| Construction and land | 12% | 10% | |
| Business (C&I) | 11% | 11% | |
| Multifamily | 4% | 4% | |
| Consumer | 2% | 2% | |
| Farmland | 2% | 5% | |
| Agricultural | 1% | 2% | |
| Other | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 64% | 58% | |
| Noninterest-bearing | 22% | 17% | |
| Time deposits | 14% | 25% |
Brokered deposits are 0.0% of deposits (peers 1.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.88% | 0.65% |
| Net charge-offs, annualized | 0.03% | 0.11% |
| Reserves to loans | 1.14% | 1.13% |
| Leverage ratio | 8.83% | 10.85% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Mississippi
Largest competitors in Jackson County, MS
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/merchants-marine