Merchants Bank, National Association in Hampton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 20, 2007

  • Merchants Bank, National Association in Hampton, Minnesota (MN)
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Merchants Bank, National Association - Overview

  • General
  • FDIC Certificate #: 1919
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Merchants Bank, National Association (#8866)
    Federal Reserve ID: 81054
    Date Established: October 01, 1899
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 1284
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 20, 2007
    Last Structure Change Process Date: September 28, 2007
    Last Data Update: September 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 23280 Main Street, Hampton, MN 55031
    County: Dakota
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $105.0 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, 2006)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $109,006Total assets
  • $2,096Cash and due from depository institutions
  • $2Interest-bearing balances
  • $15,858Securities
  • $8,055Federal funds sold & reverse repurchase agreements
  • $69,258Net loans & leases
  • $830Loan loss allowance
  • $0Trading account assets
  • $5,354Bank premises and fixed assets
  • $513Other real estate owned
  • $4,104Goodwill and other intangibles
  • $2,338Life insurance assets
  • $3,768All other assets
  • $109,006Total liabilities and capital
  • $95,169Total liabilities
  • $90,562Total deposits
  • $73,729Interest-bearing deposits
  • $90,562Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,582Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,600Other borrowed funds
  • $0Subordinated debt
  • $425All other liabilities
  • $13,837Total equity capital
  • $13,837Total bank equity capital
  • $13,837Perpetual preferred stock
  • $0Common stock
  • $60Surplus
  • $10,326Undivided profits
  • Memoranda
  • $3,451Noncurrent loans and leases
  • $21,829Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $561Earning assets
  • $0Long-term assets (5+ years)
  • $431Average Assets, year-to-date
  • $93,173Average Assets, quarterly
  • $28,064Volatile liabilities
  • $101,754Insider loans
  • $108,285FHLB advances
  • $21,012Loans and leases held for sale
  • $3,011Unused loan commitments
  • $2,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $193Total risk weighted assets
  • $21,829Total unused commitments
  • $0Restructured Loans and leases
  • $882Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,832Total interest income
  • $1,879Total interest expense
  • $3,953Net interest income
  • $187Provision for loan and lease losses
  • $1,122Total noninterest income
  • $0Fiduciary activities
  • $887Service charges on deposit accounts
  • $0Trading account gains & fees
  • $235Additional noninterest income
  • $4,061Total noninterest expense
  • $2,179Salaries and employee benefits
  • $727Premises and equipment expense
  • $1,155Additional noninterest expense
  • $827Pre-tax net operating income
  • $0Securities gains (losses)
  • $260Applicable income taxes
  • $567Income before extraordinary items
  • $0Extraordinary gains - net
  • $567Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $140Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.06%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 4.78%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 4.91%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 4.20%Return on equity (ROE)
  • 4.20%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 133.57%Credit loss provision to net charge-offs
  • 7.24%Efficiency ratio
  • 80,020Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 147.95%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 76.48%Net loans and leases to core deposits
  • 96.42%Equity capital to assets
  • 12.69%Core capital (leverage) ratio
  • 9.90%Tier 1 risk-based capital ratio
  • 12.10%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $101,754Average earning assets
  • $13,498Average equity
  • $82,626Average loans

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