Merrill Federal Savings and Loan Association in Merrill, Wisconsin (WI)

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Merrill Federal Savings and Loan Association
GeneralFDIC Certificate #: 30120
Status: Active
Federal Reserve ID: 929174
Date Established: January 01, 1924
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 4783
FDIC's unique #: 42954
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 10, 1941
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 907 East Main St, Merrill, WI 54452
County: Lincoln
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Appleton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Wausau-Merrill, WI (#554)
Core Based Statistical Area (CBSA): Merrill, WI (#32980)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $45.7 mil
Equity capital: $4.7 mil
Deposits held in domestic offices: $37.7 mil
Return on assets (ROA): 0.82% ($0.4 mil)
Quarterly return on assets: 0.91% ($0.4 mil)
Return on Equity (ROE): 7.68% ($0.4 mil)
Quarterly return on equity: 8.53% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.35% ($616.5 mil)
Quarterly Pretax return on assets: 1.50% ($685.0 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)
Total employees (full-time equivalent)10
Total assets$45,665
Cash and due from depository institutions$3,082
Interest-bearing balances$1,567
Federal funds sold & reverse repurchase agreements$253
Net loans & leases$41,301
Loan loss allowance $532
Trading account assets$0
Bank premises and fixed assets$243
Other real estate owned$69
Goodwill and other intangibles$0
All other assets$714
Life insurance assets$45,665
Total liabilities and capital$40,928
Total liabilities$37,708
Total deposits$33,443
Interest-bearing deposits$37,708
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $220
All other liabilities $4,737
Total equity capital$4,737
Total bank equity capital$4,737
Perpetual preferred stock$0
Common stock$0
Undivided profits $4,737
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $34
Earning assets $0
Long-term assets (5+ years) $137
Average Assets, year-to-date $43,124
Average Assets, quarterly $0
Volatile liabilities $42,653
Insider loans $44,134
FHLB advances $27,086
Loans and leases held for sale $45,664
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,736
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,993
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,120
Total interest expense $382
Net interest income $1,738
Provision for loan and lease losses $70
Total noninterest income $79
Fiduciary activities $0
Service charges on deposit accounts $3
Trading account gains & fees $0
Additional noninterest income $76
Total noninterest expense $1,173
Salaries and employee benefits $675
Premises and equipment expense $268
Additional noninterest expense $230
Pre-tax net operating income $574
Securities gains (losses) $0
Applicable income taxes $224
Income before extraordinary items $350
Extraordinary gains - net $0
Net income attributable to bank $350
Net charge-offs $0
Cash dividends $350
Sale, conversion, retirement of capital stock, net $29
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.30%
Cost of funding earning assets 0.95%
Net interest margin 4.34%
Noninterest income to earning assets 0.20%
Noninterest expense to earning assets 2.93%
Net operating income to assets 0.82%
Return on assets (ROA) 0.82%
Pretax return on assets 1.35%
Return on equity (ROE) 7.68%
Retained earnings to average equity (YTD only) 7.68%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 241.38%
Efficiency ratio22.21%
Assets per employee$64,557
Cash dividends to net income (YTD only)4.57%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 1564.71%
Noncurrent loans to loans 0.07%
Net loans and leases to deposits0.08%
Net loans and leases to core deposits 109.53%
Equity capital to assets 133.41%
Core capital (leverage) ratio 10.37%
Tier 1 risk-based capital ratio 10.37%
Total risk-based capital ratio 17.49%
Average assets$19
Average earning assets$42,653
Average equity $4,555
Average loans $40,031
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1 Wisconsin Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042954Merrill Federal Savings And Loan Ass907 East Main St, Merrill, WI 54452January 01, 1924Full Service Brick and Mortar
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