Merchants&Marine Bank
Pascagoula, Mississippi · FDIC Cert #12203
Merchants&Marine Bank is an FDIC-insured bank (Certificate #12203) with $777M in total assets and $622M in total deposits as of the Q2 2024 Call Report. Headquartered in Pascagoula, Mississippi, the bank maintains a Tier 1 capital ratio of 16.92% (Well-Capitalized) and a nonperforming loan ratio of 0.48%. BankHealthData assigns a composite Health Grade of A (92/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Merchants&Marine Bank (FDIC cert 12203) is a community bank — $777M in total assets, $622M in deposits, serving the Pascagoula, Mississippi area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 16.92% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.48% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is comfortable: 33.1% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is thin: ROA of 0.63% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Merchants&Marine Bank carries a composite BankHealth grade of A (92/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Merchants&Marine Bank
- Total Assets
- $777M
- Total Deposits
- $622M
- Tier 1 Capital Ratio
- 16.92%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.48%
- Liquidity Ratio
- 33.08%
- Return on Assets
- 0.63%
- Headquarters
- Pascagoula, Mississippi
- FDIC Certificate
- #12203
- Health Grade
- A (92/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Merchants&Marine Bank holds a Tier 1 capital ratio of 16.92%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Merchants&Marine Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Merchants&Marine Bank shows strong financial health indicators. With $777M in assets and a Health Score of 92/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Merchants&Marine Bank Compares
Merchants&Marine Bank’s Health Score of 92 is 26 points above the Mississippi state average of 66 across 45 FDIC-insured banks. Its 16.92% Tier 1 capital ratio is 2.9 points above the US banking industry average near 14%. The 0.48% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.63% is below the national ROA benchmark of ~1.1%. Among 1173 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, Merchants&Marine Bank is 22 points above the portfolio average of 70.
Frequently Asked Questions
Merchants&Marine Bank has a Bank Health Score of A (92/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 16.92%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Merchants&Marine Bank's Tier 1 capital ratio of 16.92% and nonperforming loan ratio of 0.48% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Merchants&Marine Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #12203). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Merchants&Marine Bank holds $777M in total assets and $622M in total deposits. It is headquartered in Pascagoula, Mississippi (FDIC Certificate #12203).
Merchants&Marine Bank has a Tier 1 capital ratio of 16.92%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.48%, and the return on assets is 0.63%.
Yes. Merchants&Marine Bank is FDIC-insured (Certificate #12203). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Merchants&Marine Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.