Merchants Bank of Indiana in city_name, state_name - Detailed Financial Reports, Location

Merchants Bank of Indiana in Lynn, Indiana (IN)
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Merchants Bank of Indiana routing number info

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
WWW: http://www.merchantsbankofindiana.com
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

No	ID	Name	Address	Established	Service Type
0	5125	Merchants Bank Of Indiana	7375 South Us Highway 27, Lynn, IN 47355	June 23, 1923	Full Service Brick and Mortar
1	461393	Spartanburg Branch	6880 South Arba Pike, Lynn, IN 47355	March 13, 2007	Full Service Brick and Mortar
2	431779	Indianapolis Bank Branch	3737 East 96th Street, Indianapolis, IN 46240	June 29, 2005	Full Service Brick and Mortar

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

Merchants Bank of Indiana - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

Merchants Bank of Indiana - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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