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

This bank is inactive as of June 28, 2009

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

  • General
  • FDIC Certificate #: 57493
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Merchants Bank, National Association (#8866)
    Federal Reserve ID: 3132667
    Date Established: October 01, 2003
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 364291
    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: October 01, 2003
    Last Structure Change Effective Date: June 28, 2009
    Last Structure Change Process Date: June 30, 2009
    Last Data Update: June 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 Main Street, La Crescent, MN 55947
    County: Houston
    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): La Crosse, WI-MN (#3870)
    Core Based Statistical Area (CBSA): La Crosse, WI-MN (#29100)
    CBSA Metro Statistical Area: La Crosse, WI-MN (#29100)
  • Financial Summary
  • Total assets: $96.0 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, 2008)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $91,951Total assets
  • $4,402Cash and due from depository institutions
  • $4Interest-bearing balances
  • $8,043Securities
  • $5,005Federal funds sold & reverse repurchase agreements
  • $67,932Net loans & leases
  • $897Loan loss allowance
  • $0Trading account assets
  • $3,161Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,977Life insurance assets
  • $3,408All other assets
  • $91,950Total liabilities and capital
  • $84,106Total liabilities
  • $81,964Total deposits
  • $69,946Interest-bearing deposits
  • $81,964Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,795Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $347All other liabilities
  • $7,844Total equity capital
  • $7,844Total bank equity capital
  • $7,844Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $5,204Undivided profits
  • Memoranda
  • $2,490Noncurrent loans and leases
  • $16,758Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $802Earning assets
  • $0Long-term assets (5+ years)
  • $282Average Assets, year-to-date
  • $80,984Average Assets, quarterly
  • $10,658Volatile liabilities
  • $84,067Insider loans
  • $89,175FHLB advances
  • $16,667Loans and leases held for sale
  • $575Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $748Total risk weighted assets
  • $16,758Total unused commitments
  • $0Restructured Loans and leases
  • $897Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $4,890Total interest income
  • $1,417Total interest expense
  • $3,473Net interest income
  • $215Provision for loan and lease losses
  • $1,169Total noninterest income
  • $0Fiduciary activities
  • $376Service charges on deposit accounts
  • $0Trading account gains & fees
  • $793Additional noninterest income
  • $3,304Total noninterest expense
  • $2,003Salaries and employee benefits
  • $383Premises and equipment expense
  • $918Additional noninterest expense
  • $1,123Pre-tax net operating income
  • $34Securities gains (losses)
  • $424Applicable income taxes
  • $733Income before extraordinary items
  • $0Extraordinary gains - net
  • $733Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.64%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 4.71%Net interest margin
  • 1.59%Noninterest income to earning assets
  • 4.49%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 8.46%Return on equity (ROE)
  • -8.86%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 259.04%Credit loss provision to net charge-offs
  • 16.12%Efficiency ratio
  • 71,176Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 204.64%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 111.85%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 82.88%Net loans and leases to core deposits
  • 101.25%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $84,067Average earning assets
  • $8,660Average equity
  • $73,665Average loans

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