MBank in Gresham, Oregon (OR)



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MBank
GeneralFDIC Certificate #: 34093
Status: Active
Federal Reserve ID: 2370994
Bank Holding Company (Regulatory Top Holder): Merchants Bancorp (RSSDID: 2908566, Location: Gresham, OR)
Date Established: December 01, 1995
WWW: http://www.mbankonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 14311
FDIC's unique #: 56233
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 01, 1995
Last Structure Change Effective Date: Febuary 23, 2010
Last Structure Change Process Date: Febuary 23, 2010
Last Data Update: Febuary 23, 2010
Data Source Date: April 05, 2012
LocationAddress: 1290 Northeast Burnside Road, Gresham, OR 97030
County: Multnomah
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Portland
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Portland-Vancouver, OR-WA (#6440)
Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900)
CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
History of ChangesCorrections
Financial SummaryTotal assets: $189.6 mil
Equity capital: $7.1 mil
Deposits held in domestic offices: $169.8 mil
Return on assets (ROA): -1.06% (-$2.0 mil)
Quarterly return on assets: -0.02% (-$0.0 mil)
Return on Equity (ROE): -25.94% (-$1.8 mil)
Quarterly return on equity: -0.50% (-$0.0 mil)
Net income: -$2.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: -1.06% (-$2,010.1 mil)
Quarterly Pretax return on assets: -0.01% (-$19.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)40
Total assets$189,633
Cash and due from depository institutions$31,076
Interest-bearing balances$30,010
Securities$28,596
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$106,894
Loan loss allowance $4,258
Trading account assets$0
Bank premises and fixed assets$6,376
Other real estate owned$6,716
Goodwill and other intangibles$0
All other assets$9,975
Life insurance assets$189,632
Total liabilities and capital$182,487
Total liabilities$169,849
Total deposits$147,287
Interest-bearing deposits$169,849
Deposits held in domestic offices$98
% insured (estimated)2642.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,994
Other borrowed funds $0
Subordinated debt $1,002
All other liabilities $7,145
Total equity capital$7,145
Total bank equity capital$7,145
Perpetual preferred stock$0
Common stock$1,023
Surplus$10,999
Undivided profits $-4,877
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,459
Earning assets $0
Long-term assets (5+ years) $557
Average Assets, year-to-date $165,500
Average Assets, quarterly $55,689
Volatile liabilities $200,130
Insider loans $193,177
FHLB advances $135,310
Loans and leases held for sale $191,848
Unused loan commitments $6,613
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,334
Total risk weighted assets $6,613
Total unused commitments $0
Restructured Loans and leases $12,849
Derivatives$250
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,224
Total interest expense $3,204
Net interest income $7,020
Provision for loan and lease losses $2,089
Total noninterest income $84
Fiduciary activities $0
Service charges on deposit accounts $284
Trading account gains & fees $0
Additional noninterest income -$200
Total noninterest expense $7,325
Salaries and employee benefits $2,523
Premises and equipment expense $1,036
Additional noninterest expense $3,766
Pre-tax net operating income -$2,310
Securities gains (losses) $197
Applicable income taxes $15
Income before extraordinary items -$2,128
Extraordinary gains - net $0
Net income attributable to bank -$2,128
Net charge-offs $0
Cash dividends -$2,128
Sale, conversion, retirement of capital stock, net $3,775
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.80%
Cost of funding earning assets 1.82%
Net interest margin 3.98%
Noninterest income to earning assets 0.05%
Noninterest expense to earning assets 4.15%
Net operating income to assets -1.16%
Return on assets (ROA) -1.06%
Pretax return on assets -1.06%
Return on equity (ROE) -25.94%
Retained earnings to average equity (YTD only) -25.94%
Net charge-offs to loans 2.95%
Credit loss provision to net charge-offs 55.34%
Efficiency ratio-0.06%
Assets per employee$103,111
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.83%
Noncurrent assets plus other real estate owned to assets 65.92%
Noncurrent loans to loans 6.95%
Net loans and leases to deposits5.81%
Net loans and leases to core deposits 62.93%
Equity capital to assets 65.39%
Core capital (leverage) ratio 3.77%
Tier 1 risk-based capital ratio 3.82%
Total risk-based capital ratio 5.42%
Memoranda
Average assets$7
Average earning assets$200,130
Average equity $8,202
Average loans $176,414
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6 Oregon Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
056233Mbank1290 Northeast Burnside Road, Gresham, OR 97030December 01, 1995Full Service Brick and Mortar
1290383Gladstone Branch35 Southeast 82nd Drive, Gladstone, OR 97027January 04, 1999Full Service Brick and Mortar
3426541Stark9415 Se Stark Street, Portland, OR 97216August 20, 2003Full Service Brick and Mortar
5446204Mobile Banking 94th & Stark Branch9415 Se Stark Street, Portland, OR 97216July 12, 2004Limited Service Mobile
6452067Lake Grove Branch17898 Sw Mcewan Road, Tigard, OR 97224June 26, 2006Full Service Brick and Mortar
7468164Hollywood Branch3636 Ne Broadway, Portland, OR 97232September 24, 2007Full Service Brick and Mortar
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