The Merchants & Citizens Bank
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Data as of · sourced from FFIEC call reports. How we update
The Merchants & Citizens Bank is an FDIC-insured commercial bank headquartered in McRae, GA, established in 1929 (FDIC certificate 183), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $146.0M, down 0.9% from Q2 2025, the 103rd largest of 121 banks headquartered in Georgia. Its CET1 capital ratio was 22.90% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 183
- Headquarters
- McRae, GA
- Established
- 1929
- Total assets, Q2 2026
- $146.0M
- Assets vs Q2 2025
- -0.9%
- CET1 ratio, Q2 2026
- 22.90%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 061203778
- Latest call report
- Q2 2026, FFIEC 051 · The Merchants & Citizens Bank call report
- Holding company
- M&C BANCSHARES, INC.
- Asset rank in state
- 103rd of 121 in Georgia
The Merchants & Citizens Bank, based in Mcrae, Georgia, reported $146 million in assets at June 30, 2026. It lost 2.7% of its deposits over the year, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also pays an average of 1.13% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $8.9 million equal 47% of Tier 1 capital, down from 62% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 5.3% and deposits fell 2.7%. Its margin is thin by comparison: it keeps 3.39 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, The Merchants & Citizens Bank reported a CET1 capital ratio of 22.90%, a return on assets of 0.88%, a nonperforming-loan ratio of 0.36% and a Texas ratio of 1.44%. The figures come from its call report filed with the FFIEC.
Of the 121 banks headquartered in Georgia, The Merchants & Citizens Bank is the 103rd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.4% to $146.0M, loans fell 0.2% and deposits fell 2.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 35.5% of total loans, ahead of commercial and industrial loans at 21.7%. The FDIC Summary of Deposits lists a single office for it, in Mcrae, GA. Judged on its Q2 2026 call report, The Merchants & Citizens Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 6 College St, McRae, GA 31055
- County
- Telfair
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 23, 1929
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $128.7M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- $41K
- Average total assets
- $146.3M
- Average total loans
- $52.6M
- Average interest-bearing deposits
- $88.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 183
- Fed RSSD
- 784430
- Parent Holding Company
- M&C BANCSHARES, INC. (RSSD 5586321)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The Merchants & Citizens Bank's total assets ran between $124.2M (Q3 2023) and $148.1M (Q1 2026), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$146.0M total assets against $147.3M; $131.0M total liabilities against $134.7M.
$52.1M net loans and leases against $49.6M; $128.7M total deposits against $132.4M.
$75.5M securities against $80.1M; $6.9M cash and balances due against $5.6M.
$1.5M total interest income against $1.6M; $370K total interest expense against $457K.
$1.2M net interest income against $1.1M.
$79K total noninterest income against $72K; $912K total noninterest expense against $856K.
$36K provision for credit losses against $35K.
$323K net income against $313K.
0.88% return on assets against 0.85%; 3.39% net interest margin against 3.22%.
22.90% CET1 capital ratio against 22.88%; 13.24% tier 1 leverage ratio against 13.05%.
Inside the full The Merchants & Citizens Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Merchants & Citizens Bank rankings
Its closest position to the top of a national ranking is 221 of 2,134, for CET1 ratio; its furthest is 3,325 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.40% (Q4 2025) to 0.88% (Q2 2026) and its net interest margin ran from 2.72% (Q4 2024) to 3.39% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.90% | 0.88% | 0.36% | 1.44% | 3.39% |
| Q1 2026 | 22.37% | 0.63% | 0.29% | 1.24% | 3.31% |
| Q4 2025 | 22.58% | -0.40% | 0.62% | 2.49% | 3.01% |
| Q3 2025 | 23.11% | 0.76% | 0.26% | 1.09% | 3.26% |
| Q2 2025 | 22.88% | 0.85% | 0.12% | 0.59% | 3.22% |
| Q1 2025 | 23.49% | 0.37% | 0.12% | 0.53% | 3.00% |
| Q4 2024 | 23.33% | 0.04% | 0.23% | 1.08% | 2.72% |
| Q3 2024 | 24.24% | 0.70% | 0.18% | 0.65% | 3.02% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Merchants & Citizens Bank | Mcrae , GA | 31055 | $128.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in GA, rank 137 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $262K approved, $262K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Merchants & Citizens Bank
What are The Merchants & Citizens Bank's total assets?
As of the Q2 2026 filing, The Merchants & Citizens Bank reported total assets of $146.0 million in its FFIEC call report.
Where is The Merchants & Citizens Bank headquartered?
It is headquartered in McRae, GA, United States.
When was The Merchants & Citizens Bank founded?
It was established in 1929, per the FDIC institution directory.
Is The Merchants & Citizens Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #183). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Merchants & Citizens Bank?
The Merchants & Citizens Bank's primary federal regulator is the FDIC.
What is The Merchants & Citizens Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.90% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Merchants & Citizens Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Merchants & Citizens Bank's Texas Ratio?
Its Texas Ratio is 1.44% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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