Merchants Bank in Rugby, North Dakota (ND), MT
Overview, Financial Summary, Detailed Financial Reports, Branches


Merchants Bank - Overview

  • General
  • FDIC Certificate #: 8943
    Status: Active
    Federal Reserve ID: 700458
    Bank Holding Company (Regulatory Top Holder): Merchants Holding Company (RSSDID: 1142206, Location: Sioux Falls, SD)
    Date Established: August 04, 1897
    WWW: http://www.merchantsbankrugby.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 5710
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 2011
    Last Structure Change Process Date: October 26, 2011
    Last Data Update: October 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 Main Avenue S., Rugby, ND 58368
    County: Pierce
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $82.9 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $75.1 mil
    Return on assets (ROA): 0.88% ($0.7 mil)
    Quarterly return on assets: -0.07% (-$0.1 mil)
    Return on Equity (ROE): 10.34% ($0.7 mil)
    Quarterly return on equity: -0.76% (-$0.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 1.26% ($1,044.9 mil)
    Quarterly Pretax return on assets: -0.15% (-$124.4 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
  • 15Total employees (full-time equivalent)
  • $82,930Total assets
  • $6,825Cash and due from depository institutions
  • $1,475Interest-bearing balances
  • $31,319Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,266Net loans & leases
  • $436Loan loss allowance
  • $0Trading account assets
  • $637Bank premises and fixed assets
  • $0Other real estate owned
  • $770Goodwill and other intangibles
  • $82,930Life insurance assets
  • $1,113All other assets
  • $75,782Total liabilities and capital
  • $75,059Total liabilities
  • $50,789Total deposits
  • $75,059Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $723Subordinated debt
  • $7,148All other liabilities
  • $7,148Total equity capital
  • $7,148Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $3,900Surplus
  • $2,248Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $828Long-term assets (5+ years)
  • $75,060Average Assets, year-to-date
  • $10,009Average Assets, quarterly
  • $57,405Volatile liabilities
  • $67,588Insider loans
  • $63,093FHLB advances
  • $76,041Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,076Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,059Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,551Total interest income
  • $295Total interest expense
  • $2,256Net interest income
  • $0Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $35Additional noninterest income
  • $1,654Total noninterest expense
  • $825Salaries and employee benefits
  • $109Premises and equipment expense
  • $720Additional noninterest expense
  • $705Pre-tax net operating income
  • $21Securities gains (losses)
  • $220Applicable income taxes
  • $506Income before extraordinary items
  • $0Extraordinary gains - net
  • $506Net income attributable to bank
  • $0Net charge-offs
  • $506Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 10.34%Return on equity (ROE)
  • 2.17%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,114Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.05%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 56.31%Net loans and leases to core deposits
  • 57.55%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 7.99%Tier 1 risk-based capital ratio
  • 9.63%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $57,405Average earning assets
  • $4,895Average equity
  • $52,779Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    310101Fairview Bank Branch216 South Ellery Avenue, Fairview, MT 59221December 06, 1941Full Service Brick and Mortar
  • 1 North Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05710Merchants Bank210 Main Avenue S., Rugby, ND 58368August 04, 1897Full Service Brick and Mortar

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