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


Merchants Bank, National Association - Overview

  • General
  • FDIC Certificate #: 8866
    Status: Active
    Federal Reserve ID: 779351
    Bank Holding Company (Regulatory Top Holder): Merchants Financial Group, Inc. (RSSDID: 1128769, Location: Winona, MN)
    Date Established: January 01, 1875
    WWW: http://www.merchantsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 19 (Domestic: 19, Interstate: Yes)
    OTS Docket #: 13801
    FDIC's unique #: 5660
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 18, 2011
    Last Structure Change Process Date: January 06, 2012
    Last Data Update: January 06, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 100-106 East Third Street, Winona, MN 55987
    County: Winona
    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
    Core Based Statistical Area (CBSA): Winona, MN (#49100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $1,241.1 mil
    Equity capital: $138.9 mil
    Deposits held in domestic offices: $1,007.4 mil
    Return on assets (ROA): 1.11% ($13.8 mil)
    Quarterly return on assets: 1.18% ($14.6 mil)
    Return on Equity (ROE): 9.54% ($13.3 mil)
    Quarterly return on equity: 10.31% ($14.3 mil)
    Net income: $13.1 mil
    Quarterly Net income: $3.6 mil
    Pretax return on assets: 1.71% ($21,222.3 mil)
    Quarterly Pretax return on assets: 1.80% ($22,339.2 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
  • 293Total employees (full-time equivalent)
  • $1,241,069Total assets
  • $179,749Cash and due from depository institutions
  • $174,867Interest-bearing balances
  • $194,565Securities
  • $191Federal funds sold & reverse repurchase agreements
  • $754,540Net loans & leases
  • $12,970Loan loss allowance
  • $0Trading account assets
  • $26,081Bank premises and fixed assets
  • $8,116Other real estate owned
  • $36,851Goodwill and other intangibles
  • $1,241,069Life insurance assets
  • $40,976All other assets
  • $1,102,213Total liabilities and capital
  • $1,007,388Total liabilities
  • $797,087Total deposits
  • $1,007,388Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 38766.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,336Trading liabilities
  • $0Other borrowed funds
  • $23,723Subordinated debt
  • $138,856All other liabilities
  • $138,856Total equity capital
  • $138,856Total bank equity capital
  • $0Perpetual preferred stock
  • $3,015Common stock
  • $49,316Surplus
  • $86,525Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,466Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,639Income earned, not collected on loans
  • $2,561Earning assets
  • $3,572Long-term assets (5+ years)
  • $1,124,163Average Assets, year-to-date
  • $300,433Average Assets, quarterly
  • $1,181,615Volatile liabilities
  • $1,229,588Insider loans
  • $937,147FHLB advances
  • $1,223,463Loans and leases held for sale
  • $26,268Unused loan commitments
  • $26,268Tier 1 (core) risk-based capital
  • $117,359Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $255,320Restructured Loans and leases
  • $20,812Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $55,131Total interest income
  • $9,783Total interest expense
  • $45,348Net interest income
  • $1,653Provision for loan and lease losses
  • $13,658Total noninterest income
  • $1,228Fiduciary activities
  • $2,437Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,993Additional noninterest income
  • $39,468Total noninterest expense
  • $21,327Salaries and employee benefits
  • $2,981Premises and equipment expense
  • $15,160Additional noninterest expense
  • $17,885Pre-tax net operating income
  • $2,268Securities gains (losses)
  • $7,080Applicable income taxes
  • $13,073Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,073Net income attributable to bank
  • $0Net charge-offs
  • $13,073Cash dividends
  • $1,516Sale, conversion, retirement of capital stock, net
  • $8,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.27%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 9.54%Return on equity (ROE)
  • 3.70%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 109.04%Credit loss provision to net charge-offs
  • 12.89%Efficiency ratio
  • 66,888Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.19%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 82.93%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 2.04%Net loans and leases to deposits
  • 74.90%Net loans and leases to core deposits
  • 78.84%Equity capital to assets
  • 11.19%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,181,615Average earning assets
  • $137,074Average equity
  • $1,061,233Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $214,441Managed Assets
  • 1Number of Accounts
  • $174,116Personal trust and agency accounts
  • $62,167Employee benefit-defined contribution accounts
  • $43,321Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $11,136Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $34,950Other fiduciary accounts
  • $22,542Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 411Number of Accounts
  • $0Personal trust and agency accounts
  • $11,136Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $40,325Other retirement accounts
  • $2,001Corporate trust and agency accounts
  • $20,039Other fiduciary accounts
  • $6,381Fiduciary accounts held in foreign offices

List of branches

  • 18 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05660Merchants Bank, National Association100-106 East Third Street, Winona, MN 55987January 01, 1875Full Service Brick and Mortar
    1219067Goodview Facility4124 Sixth Street-Goodview, Winona, MN 55987June 11, 1979Full Service Brick and Mortar
    2219068St. Charles Branch1130 Whitewater Avenue, St. Charles, MN 55972Febuary 09, 1990Full Service Brick and Mortar
    3219069Merchants Lakeside Branch627 Mankato Avenue, Winona, MN 55987June 03, 1999Full Service Brick and Mortar
    4266756Rochester Green Meadows Branch1600 Greenview Dr Sw, Rochester, MN 55902January 01, 1923Full Service Brick and Mortar
    7364832Rochester Northwest Plaza Branch3586 55th Street Nw, Rochester, MN 55901January 07, 2002Full Service Brick and Mortar
    81284Hampton Branch23280 Main Street, Hampton, MN 55031October 01, 1899Full Service Brick and Mortar
    9190419Hastings Branch1525 Vermillion Street, Hastings, MN 55033May 09, 1991Full Service Brick and Mortar
    11190421Apple Valley Branch7300 147th Street West, Suite 100, Apple Valley, MN 55124May 25, 1995Full Service Brick and Mortar
    12442327Lakeville Branch18550 Joplin Avenue, Lakeville, MN 55044March 22, 2005Full Service Brick and Mortar
    133415Cannon Falls Branch300 West Main Street, Cannon Falls, MN 55009April 10, 1878Full Service Brick and Mortar
    14363254Redwing Branch2835 South Service Drive, Red Wing, MN 55066Febuary 14, 2002Full Service Brick and Mortar
    157010Caledonia Branch115 West Washington Street, Caledonia, MN 55921January 01, 1857Full Service Brick and Mortar
    16364291La Crescent Branch316 Main Street, La Crescent, MN 55947October 01, 2003Full Service Brick and Mortar
    18432085Cottage Grove Branch7200 East Douglas Point Road South, Cottage Grove, MN 55016September 27, 2004Full Service Brick and Mortar
    19497261Highview Avenue Branch20150 Highview Avenue, Lakeville, MN 55044October 16, 2009Full Service Brick and Mortar
    207288Spring Grove Branch126 West Main Street, Spring Grove, MN 55974January 01, 1890Full Service Brick and Mortar
    2116797Rosemount National Bank Branch15055 Chippendale Avenue South, Rosemount, MN 55068October 01, 1982Full Service Brick and Mortar
  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    176521Onalaska Branch3140 Market Place, Onalaska, WI 54650September 10, 1912Full Service Brick and Mortar

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