Merchants and Manufacturers Bank in Joliet, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Merchants and Manufacturers Bank - Overview

  • General
  • FDIC Certificate #: 20040
    Status: Active
    Federal Reserve ID: 1008432
    Bank Holding Company (Regulatory Top Holder): Merchants And Manufacturers Bank Corporation (RSSDID: 2022734, Location: Channahon, IL)
    Date Established: September 24, 1969
    WWW: http://www.m-mbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15386
    FDIC's unique #: 13768
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 24, 1969
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 East Cass Street, Joliet, IL 60432
    County: Will
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $168.2 mil
    Equity capital: $17.8 mil
    Deposits held in domestic offices: $140.5 mil
    Return on assets (ROA): 0.38% ($0.6 mil)
    Quarterly return on assets: 0.19% ($0.3 mil)
    Return on Equity (ROE): 4.06% ($0.7 mil)
    Quarterly return on equity: 1.85% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.61% ($1,025.7 mil)
    Quarterly Pretax return on assets: 0.31% ($521.3 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
  • 36Total employees (full-time equivalent)
  • $168,155Total assets
  • $20,653Cash and due from depository institutions
  • $17,391Interest-bearing balances
  • $13,695Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $123,464Net loans & leases
  • $1,261Loan loss allowance
  • $0Trading account assets
  • $2,674Bank premises and fixed assets
  • $1,861Other real estate owned
  • $0Goodwill and other intangibles
  • $168,155Life insurance assets
  • $3,808All other assets
  • $150,354Total liabilities and capital
  • $140,516Total liabilities
  • $117,470Total deposits
  • $140,516Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 6205.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $2,633Subordinated debt
  • $17,801All other liabilities
  • $17,801Total equity capital
  • $17,801Total bank equity capital
  • $0Perpetual preferred stock
  • $1,241Common stock
  • $12,400Surplus
  • $4,160Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $854Income earned, not collected on loans
  • $0Earning assets
  • $679Long-term assets (5+ years)
  • $156,550Average Assets, year-to-date
  • $14,320Average Assets, quarterly
  • $165,357Volatile liabilities
  • $168,461Insider loans
  • $136,252FHLB advances
  • $169,405Loans and leases held for sale
  • $2,019Unused loan commitments
  • $2,019Tier 1 (core) risk-based capital
  • $17,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,399Restructured Loans and leases
  • $4,797Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,731Total interest income
  • $922Total interest expense
  • $6,809Net interest income
  • $914Provision for loan and lease losses
  • $931Total noninterest income
  • $0Fiduciary activities
  • $362Service charges on deposit accounts
  • $0Trading account gains & fees
  • $569Additional noninterest income
  • $5,825Total noninterest expense
  • $3,033Salaries and employee benefits
  • $593Premises and equipment expense
  • $2,199Additional noninterest expense
  • $1,001Pre-tax net operating income
  • $0Securities gains (losses)
  • $366Applicable income taxes
  • $635Income before extraordinary items
  • $0Extraordinary gains - net
  • $635Net income attributable to bank
  • $0Net charge-offs
  • $635Cash dividends
  • $1,104Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 4.06%Return on equity (ROE)
  • 4.06%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 82.79%Credit loss provision to net charge-offs
  • 1.73%Efficiency ratio
  • 75,258Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 147.66%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 87.86%Net loans and leases to core deposits
  • 99.50%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 12.92%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $165,357Average earning assets
  • $15,631Average equity
  • $153,518Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013768Merchants And Manufacturers Bank601 East Cass Street, Joliet, IL 60432September 24, 1969Full Service Brick and Mortar
    1250205Briggs Office801 S. Briggs St., Joliet, IL 60433April 19, 1979Full Service Brick and Mortar
    215732Channahon Office25140 W. Channon Dr., Channahon, IL 60410November 28, 1977Full Service Brick and Mortar
    3419583Essington Office990 Essington Rd., Joliet, IL 60435April 01, 2003Full Service Brick and Mortar

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