Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1993

  • Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)
  • Show street view No street view available for this location

Merchants Bank (North) - Overview

  • General
  • FDIC Certificate #: 442
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Fidelity Bank, National Association, Pennsylvania (#7436)
    Federal Reserve ID: 410216
    Date Established: May 23, 1874
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Interstate: No)
    FDIC's unique #: 339
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 18, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 24-26 West Market Street, Wilkes-Barre, PA 18701
    County: Luzerne
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
    Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
    CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
  • Financial Summary
  • Total assets: $610.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $228Total assets
  • $622,539Cash and due from depository institutions
  • $31,998Interest-bearing balances
  • $0Securities
  • $177,508Federal funds sold & reverse repurchase agreements
  • $20,500Net loans & leases
  • $373,172Loan loss allowance
  • $11,541Trading account assets
  • $0Bank premises and fixed assets
  • $5,629Other real estate owned
  • $3,023Goodwill and other intangibles
  • $10,709Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $622,539Total liabilities
  • $556,866Total deposits
  • $545,795Interest-bearing deposits
  • $486,557Deposits held in domestic offices
  • 545795.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $2,128Trading liabilities
  • $0Other borrowed funds
  • $1,910Subordinated debt
  • $0All other liabilities
  • $7,033Total equity capital
  • $7,033Total bank equity capital
  • $65,673Perpetual preferred stock
  • $0Common stock
  • $1,235Surplus
  • $37,145Undivided profits
  • Memoranda
  • $27,293Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,130Income earned, not collected on loans
  • $2,097Earning assets
  • $571,180Long-term assets (5+ years)
  • $320,319Average Assets, year-to-date
  • $653,914Average Assets, quarterly
  • $635,948Volatile liabilities
  • $28,689Insider loans
  • $165FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $52,276Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $65,673Total risk weighted assets
  • $407,381Total unused commitments
  • $0Restructured Loans and leases
  • $13,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $50,256Total interest expense
  • $21,463Net interest income
  • $28,793Provision for loan and lease losses
  • $3,418Total noninterest income
  • $3,603Fiduciary activities
  • $1,003Service charges on deposit accounts
  • $1,992Trading account gains & fees
  • $0Additional noninterest income
  • $608Total noninterest expense
  • $16,463Salaries and employee benefits
  • $5,658Premises and equipment expense
  • $1,894Additional noninterest expense
  • $8,911Pre-tax net operating income
  • $12,515Securities gains (losses)
  • $20Applicable income taxes
  • $2,779Income before extraordinary items
  • $9,756Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,756Net charge-offs
  • $2,389Cash dividends
  • $5,170Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.24%Cost of funding earning assets
  • 3.52%Net interest margin
  • 4.72%Noninterest income to earning assets
  • 0.59%Noninterest expense to earning assets
  • 2.70%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 1.92%Return on equity (ROE)
  • 15.56%Retained earnings to average equity (YTD only)
  • 7.31%Net charge-offs to loans
  • 0.60%Credit loss provision to net charge-offs
  • 143.07%Efficiency ratio
  • 50,818Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.99%Loss allowance to loans
  • 3.00%Loss allowance to noncurrent loans
  • 224.97%Noncurrent assets plus other real estate owned to assets
  • 1.31%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 68.37%Net loans and leases to core deposits
  • 71.61%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 16.12%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $653,914Average earning assets
  • $62,697Average equity
  • $609,731Average loans

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