Merchants & Marine Bancorp, Inc. is a holding company of Merchants & Marine Bank (the Bank). The Company’s principal activity is the ownership and management of the Bank. The Bank generates commercial, mortgage and consumer loans and receives deposits from customers located in Jackson, George, Lamar and Forrest Counties in Mississippi and Baldwin and Mobile Counties in Alabama. The Bank operates under a state bank charter and provides full banking services. Canvas Mortgage, a division of the Bank, originates mortgage loans for sale in the secondary market. The Bank offers a portfolio of loans, which include residential real estate, nonresidential real estate, consumer, commercial and other.