Merchants Bank of Bangor in Bangor, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank of Bangor - Overview

  • General
  • FDIC Certificate #: 7391
    Status: Active
    Federal Reserve ID: 935111
    Bank Holding Company (Regulatory Top Holder): Mnb Corporation (RSSDID: 2298904, Location: Bangor, PA)
    Date Established: October 08, 1890
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 15326
    FDIC's unique #: 4821
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 28, 2008
    Last Structure Change Process Date: July 29, 2008
    Last Data Update: July 29, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 Broadway, Bangor, PA 18013
    County: Northampton
    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): Allentown-Bethlehem-Easton, PA (#240)
    Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
    CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $300.9 mil
    Equity capital: $27.1 mil
    Deposits held in domestic offices: $249.6 mil
    Return on assets (ROA): 0.49% ($1.5 mil)
    Quarterly return on assets: 0.54% ($1.6 mil)
    Return on Equity (ROE): 5.33% ($1.4 mil)
    Quarterly return on equity: 5.94% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.63% ($1,895.5 mil)
    Quarterly Pretax return on assets: 0.71% ($2,136.2 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
  • 93Total employees (full-time equivalent)
  • $300,879Total assets
  • $11,912Cash and due from depository institutions
  • $1,506Interest-bearing balances
  • $103,686Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $163,370Net loans & leases
  • $2,472Loan loss allowance
  • $0Trading account assets
  • $8,767Bank premises and fixed assets
  • $380Other real estate owned
  • $0Goodwill and other intangibles
  • $300,879Life insurance assets
  • $12,764All other assets
  • $273,740Total liabilities and capital
  • $249,603Total liabilities
  • $214,709Total deposits
  • $249,603Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 5618.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,815Trading liabilities
  • $0Other borrowed funds
  • $1,704Subordinated debt
  • $27,139All other liabilities
  • $27,139Total equity capital
  • $27,139Total bank equity capital
  • $0Perpetual preferred stock
  • $131Common stock
  • $3,659Surplus
  • $23,349Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,766Income earned, not collected on loans
  • $0Earning assets
  • $1,036Long-term assets (5+ years)
  • $268,562Average Assets, year-to-date
  • $139,266Average Assets, quarterly
  • $293,774Volatile liabilities
  • $299,246Insider loans
  • $175,530FHLB advances
  • $301,321Loans and leases held for sale
  • $7,703Unused loan commitments
  • $7,703Tier 1 (core) risk-based capital
  • $27,177Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,638Restructured Loans and leases
  • $1,193Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,788Total interest income
  • $2,315Total interest expense
  • $9,473Net interest income
  • $802Provision for loan and lease losses
  • $1,421Total noninterest income
  • $0Fiduciary activities
  • $531Service charges on deposit accounts
  • $0Trading account gains & fees
  • $890Additional noninterest income
  • $8,554Total noninterest expense
  • $4,699Salaries and employee benefits
  • $1,342Premises and equipment expense
  • $2,513Additional noninterest expense
  • $1,538Pre-tax net operating income
  • $325Securities gains (losses)
  • $437Applicable income taxes
  • $1,426Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,426Net income attributable to bank
  • $0Net charge-offs
  • $1,426Cash dividends
  • $421Sale, conversion, retirement of capital stock, net
  • $835Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.33%Return on equity (ROE)
  • 2.21%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 190.50%Credit loss provision to net charge-offs
  • 5.56%Efficiency ratio
  • 78,520Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.56%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 65.64%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 65.45%Net loans and leases to core deposits
  • 67.25%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 15.48%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $293,774Average earning assets
  • $26,765Average equity
  • $263,190Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,484Managed Assets
  • 1Number of Accounts
  • $3,981Personal trust and agency accounts
  • $3,981Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 10Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $503Other retirement accounts
  • $503Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04821Merchants Bank Of Bangor25 Broadway, Bangor, PA 18013October 08, 1890Full Service Brick and Mortar
    1215356Pennsylvania Avenue Branch303 Pennsylvania Avenue, Bangor, PA 18013June 20, 1966Full Service Brick and Mortar
    2215357Mount Bethel BranchCorner Of Routes 512 And 611, Mount Bethel, PA 18343May 14, 1990Full Service Brick and Mortar
    3215358Wind Gap Branch45 North Broadway (Route 512), Wind Gap, PA 18091December 15, 1997Full Service Brick and Mortar
    6424711Martins Creek Branch6626 Main St, Martins Creek, PA 18063December 15, 2003Full Service Brick and Mortar
    7429658Easton Business Center Branch1 Center Square, Easton, PA 18042June 30, 2004Full Service Brick and Mortar
    9453956Forks Township Branch1250 Braden Ct, Easton, PA 18040April 12, 2006Full Service Brick and Mortar
    10465501Nazareth Branch44 South Broad Street, Nazareth, PA 18064May 25, 2007Full Service Brick and Mortar

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