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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Merchants Bank (North).
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents