Merit Bank in Goff, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Merit Bank - Overview

  • General
  • FDIC Certificate #: 4675
    Status: Active
    Federal Reserve ID: 667850
    Bank Holding Company (Regulatory Top Holder): Community Bancshares Of Kansas, Inc. (RSSDID: 3488289, Location: Overland Park, KS)
    Date Established: September 21, 1904
    WWW: http://www.meritbanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3107
    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: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5200 Stahl Avenue, Goff, KS 66428
    County: Nemaha
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $55.5 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $47.2 mil
    Return on assets (ROA): 0.46% ($0.3 mil)
    Quarterly return on assets: 0.57% ($0.3 mil)
    Return on Equity (ROE): 4.79% ($0.2 mil)
    Quarterly return on equity: 5.82% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.64% ($355.3 mil)
    Quarterly Pretax return on assets: 0.61% ($338.6 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
  • 8Total employees (full-time equivalent)
  • $55,514Total assets
  • $1,580Cash and due from depository institutions
  • $1,212Interest-bearing balances
  • $7,854Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,835Net loans & leases
  • $774Loan loss allowance
  • $0Trading account assets
  • $250Bank premises and fixed assets
  • $470Other real estate owned
  • $598Goodwill and other intangibles
  • $55,514Life insurance assets
  • $927All other assets
  • $50,110Total liabilities and capital
  • $47,182Total liabilities
  • $42,370Total deposits
  • $47,182Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 154.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,725Trading liabilities
  • $0Other borrowed funds
  • $49Subordinated debt
  • $5,404All other liabilities
  • $5,404Total equity capital
  • $5,404Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $5,007Surplus
  • $347Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,199Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $139Income earned, not collected on loans
  • $0Earning assets
  • $260Long-term assets (5+ years)
  • $52,901Average Assets, year-to-date
  • $14,887Average Assets, quarterly
  • $54,531Volatile liabilities
  • $55,214Insider loans
  • $39,296FHLB advances
  • $54,399Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,774Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,411Restructured Loans and leases
  • $1,345Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,685Total interest income
  • $678Total interest expense
  • $2,007Net interest income
  • $385Provision for loan and lease losses
  • $124Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $1,449Total noninterest expense
  • $739Salaries and employee benefits
  • $136Premises and equipment expense
  • $574Additional noninterest expense
  • $297Pre-tax net operating income
  • $50Securities gains (losses)
  • $95Applicable income taxes
  • $252Income before extraordinary items
  • $0Extraordinary gains - net
  • $252Net income attributable to bank
  • $0Net charge-offs
  • $252Cash dividends
  • $356Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.79%Return on equity (ROE)
  • 4.79%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 108.15%Credit loss provision to net charge-offs
  • 1.92%Efficiency ratio
  • 67,339Assets per employee
  • 6.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 556.83%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 92.91%Net loans and leases to core deposits
  • 97.80%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 12.15%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $54,531Average earning assets
  • $5,258Average equity
  • $51,989Average loans

List of branches

  • 2 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03107Merit Bank5200 Stahl Avenue, Goff, KS 66428September 21, 1904Full Service Brick and Mortar
    1511471Merit Bank11191 Antioch Road, Suite 100, Overland Park, KS 66210July 19, 2010Full Service Brick and Mortar

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