Merchants & Marine Bank
Pascagoula, MS·RSSD 94139·FDIC 12203·bank:94139·Risk-based ratios where reported
- #11 of 57Total assets in Mississippi
- 24offices
- 296employees
- Top 2%Return on assets in the U.S.
- Top 2%Fee income vs. peers
- #1 of 53Lowest cost of deposits in Mississippi
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Merchants & Marine Bank
11 of 20 FORFI signals stand out against 629 similar banks, based on FDIC data for the quarter.
Funding pressure buildingWorth a look: Funding FORFI signal0.85%peers 1.94%-109 bps
Merchants & Marine Bank's cost of deposits has not eased the way it has at similar banks, while more of the funding base moved into higher-rate time deposits.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| 0.85% | 1.94% | -109 bps |
| Time deposits' share of deposits | ||
| 14.0% | 26.5% | -12.5 pp |
With internal data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile. How signals work
Return on assets rising faster than peersStrength: Earnings4.06%peers 1.26%+279 bps
Merchants & Marine Bank's annualized return on assets rose 370 bps over the past year to 4.06%. Among 628 similar banks, the median rose 14 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized return on assets | ||
| 4.06% | 1.26% | +279 bps |
| 12-month change | ||
| +370 bps | +14 bps | +355 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile. How signals work
Leverage capital ratio falling while the peer median risesWorth a look: Capital 2nd quarter8.83%peers 10.54%-1.7 pp
Merchants & Marine Bank's leverage ratio fell 2.0 percentage points over the past year to 8.83%. Among 629 similar banks, the median rose 0.3 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Leverage ratio | ||
| 8.83% | 10.54% | -1.7 pp |
| 12-month change | ||
| -2.0 pp | +0.3 pp | -2.3 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile. How signals work
Efficiency ratio falling faster than peersStrength: Efficiency69.2%peers 60.3%+8.8 pp
Merchants & Marine Bank's efficiency ratio fell 19.2 percentage points over the past year to 69.2%. Among 626 similar banks, the median fell 2.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 69.2% | 60.3% | +8.8 pp |
| 12-month change | ||
| -19.2 pp | -2.1 pp | -17.1 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile. How signals work
Balance sheet jumped in a single quarterNotable: Growth+40.4%
Merchants & Marine Bank's total assets rose 40.4% from the previous quarter to $1.3 billion. A jump this large usually reflects a merger or acquisition, so FORFI holds back growth comparisons with peers for this quarter.
| Observed | Change |
|---|---|
| Total assets, change in one quarter | |
| +40.4% | |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile. How signals work
6 more observations
- Deposit costs rising while the peer median fallsFunding
- Borrowed funding falling while the peer median holds steadyFunding
- Fee and other noninterest income among the highest of similar banksEarnings
- Reliance on CDs rising while the peer median fallsFunding
- Deposit costs among the lowest of similar banksFunding
- Problem loans rising faster than peersAsset quality
Key facts
- Merchants & Marine Bank is a bank headquartered in Pascagoula, Mississippi. It reported $1.3 billion in total assets for the quarter ended June 30, 2026.
- Deposits totaled $1.0 billion, up 56.8% from a year earlier, and loans totaled $685 million, up 45.5%.
- Its net interest margin was 5.28% and its annualized return on assets was 4.06% for the quarter.
- Its cost of all deposits was 0.85%, compared with a median of 1.94% among 625 similar banks with $1 billion to $3 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Merchants & Marine Bank's own data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
Analysis workspaces
Sources and identifiers
- Institution
- Merchants & Marine Bank · Bank
- Federal Reserve RSSD
- 94139
- FDIC certificate
- 12203
- Reporting period
- Peer group
- 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Merchants & Marine Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $11.68M | — | |
| $16.49M | — | |
| $3.64M | — | |
| $12.85M | — | |
| $23.23M | — | |
| $24.96M | — | |
| $2.54M | — | |
| $2.58M | — | |
| 4.06% | 4.04%ROAQ · Quarter | |
| 5.28% | 5.26%NIMYQ · Quarter | |
| 69.17% | 69.17%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.