Merchants Bank of Indiana in Lynn, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank of Indiana - Overview

  • General
  • FDIC Certificate #: 8056
    Status: Active
    Federal Reserve ID: 963945
    Bank Holding Company (Regulatory Top Holder): P/R Bancorp (RSSDID: 3530786, Location: Carmel, IN)
    Date Established: June 23, 1923
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 5125
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2009
    Last Structure Change Process Date: September 08, 2009
    Last Data Update: September 08, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 7375 South Us Highway 27, Lynn, IN 47355
    County: Randolph
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $608.7 mil
    Equity capital: $59.9 mil
    Deposits held in domestic offices: $530.6 mil
    Return on assets (ROA): 3.10% ($18.9 mil)
    Quarterly return on assets: 0.18% ($1.1 mil)
    Return on Equity (ROE): 28.11% ($16.9 mil)
    Quarterly return on equity: 1.65% ($1.0 mil)
    Net income: $16.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 3.10% ($18,868.4 mil)
    Quarterly Pretax return on assets: 0.18% ($1,095.6 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
  • 64Total employees (full-time equivalent)
  • $608,659Total assets
  • $18,524Cash and due from depository institutions
  • $18,133Interest-bearing balances
  • $167,685Securities
  • $4,297Federal funds sold & reverse repurchase agreements
  • $380,514Net loans & leases
  • $1,865Loan loss allowance
  • $0Trading account assets
  • $4,131Bank premises and fixed assets
  • $0Other real estate owned
  • $27,690Goodwill and other intangibles
  • $608,659Life insurance assets
  • $5,818All other assets
  • $548,711Total liabilities and capital
  • $530,612Total liabilities
  • $484,300Total deposits
  • $530,612Interest-bearing deposits
  • $58Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,143Trading liabilities
  • $0Other borrowed funds
  • $1,956Subordinated debt
  • $59,948All other liabilities
  • $59,948Total equity capital
  • $59,948Total bank equity capital
  • $0Perpetual preferred stock
  • $101Common stock
  • $873Surplus
  • $58,974Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $222,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,569Income earned, not collected on loans
  • $0Earning assets
  • $1,988Long-term assets (5+ years)
  • $570,629Average Assets, year-to-date
  • $235,607Average Assets, quarterly
  • $523,244Volatile liabilities
  • $572,471Insider loans
  • $365,275FHLB advances
  • $568,085Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $59,421Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,486Restructured Loans and leases
  • $300Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,649Total interest income
  • $4,055Total interest expense
  • $11,594Net interest income
  • $738Provision for loan and lease losses
  • $14,783Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,735Additional noninterest income
  • $9,442Total noninterest expense
  • $6,337Salaries and employee benefits
  • $676Premises and equipment expense
  • $2,429Additional noninterest expense
  • $16,197Pre-tax net operating income
  • $22Securities gains (losses)
  • $0Applicable income taxes
  • $16,219Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,219Net income attributable to bank
  • $0Net charge-offs
  • $16,219Cash dividends
  • $620Sale, conversion, retirement of capital stock, net
  • $6,992Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.24%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 2.40%Net interest margin
  • 3.06%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 3.10%Net operating income to assets
  • 3.10%Return on assets (ROA)
  • 3.10%Pretax return on assets
  • 28.11%Return on equity (ROE)
  • 15.99%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 119.03%Credit loss provision to net charge-offs
  • 27.31%Efficiency ratio
  • 35,796Assets per employee
  • 9.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.11%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 72.60%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 71.71%Net loans and leases to core deposits
  • 98.66%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 10.46%Tier 1 risk-based capital ratio
  • 16.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $523,244Average earning assets
  • $57,688Average equity
  • $483,217Average loans

List of branches

  • 3 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05125Merchants Bank Of Indiana7375 South Us Highway 27, Lynn, IN 47355June 23, 1923Full Service Brick and Mortar
    1461393Spartanburg Branch6880 South Arba Pike, Lynn, IN 47355March 13, 2007Full Service Brick and Mortar
    2431779Indianapolis Bank Branch3737 East 96th Street, Indianapolis, IN 46240June 29, 2005Full Service Brick and Mortar

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 of Indiana.
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