Merrill Merchants Bank in Bangor, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2009

  • Merrill Merchants Bank in Bangor, Maine (ME)
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Merrill Merchants Bank - Overview

  • General
  • FDIC Certificate #: 33704
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: People's United Bank (#27334)
    Federal Reserve ID: 421203
    Date Established: October 19, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 18081
    FDIC's unique #: 47813
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 19, 1992
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: Febuary 19, 2009
    Last Data Update: Febuary 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Main Street, Bangor, ME 4402
    County: Penobscot
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Bangor, ME (#730)
    Core Based Statistical Area (CBSA): Bangor, ME (#12620)
    CBSA Metro Statistical Area: Bangor, ME (#12620)
  • Financial Summary
  • Total assets: $599.1 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, 2008)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $599,096Total assets
  • $17,215Cash and due from depository institutions
  • $6,116Interest-bearing balances
  • $55,269Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $370,033Net loans & leases
  • $4,122Loan loss allowance
  • $0Trading account assets
  • $8,805Bank premises and fixed assets
  • $470Other real estate owned
  • $138,343Goodwill and other intangibles
  • $4,462Life insurance assets
  • $8,961All other assets
  • $599,096Total liabilities and capital
  • $420,852Total liabilities
  • $293,996Total deposits
  • $260,711Interest-bearing deposits
  • $293,996Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $106,687Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,435Other borrowed funds
  • $0Subordinated debt
  • $9,734All other liabilities
  • $178,244Total equity capital
  • $178,244Total bank equity capital
  • $178,244Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $175,272Undivided profits
  • Memoranda
  • $2,972Noncurrent loans and leases
  • $76,478Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,659Earning assets
  • $1,993Long-term assets (5+ years)
  • $1,421Average Assets, year-to-date
  • $431,418Average Assets, quarterly
  • $0Volatile liabilities
  • $582,806Insider loans
  • $595,809FHLB advances
  • $151,277Loans and leases held for sale
  • $21,040Unused loan commitments
  • $10,435Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,478Total unused commitments
  • $470Restructured Loans and leases
  • $4,122Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $25,785Total interest income
  • $9,227Total interest expense
  • $16,558Net interest income
  • $776Provision for loan and lease losses
  • $4,945Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,945Additional noninterest income
  • $16,578Total noninterest expense
  • $7,241Salaries and employee benefits
  • $1,752Premises and equipment expense
  • $7,585Additional noninterest expense
  • $4,149Pre-tax net operating income
  • $366Securities gains (losses)
  • $1,610Applicable income taxes
  • $2,905Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,905Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $850Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.01%Yield on earning assets
  • 2.15%Cost of funding earning assets
  • 3.86%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 1.78%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 91.29%Credit loss provision to net charge-offs
  • 5.79%Efficiency ratio
  • 74,501Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 88.47%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 125.86%Net loans and leases to core deposits
  • 142.41%Equity capital to assets
  • 29.75%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 11.17%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $582,806Average earning assets
  • $163,634Average equity
  • $429,133Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $304,297Managed Assets
  • 1Number of Accounts
  • $280,253Personal trust and agency accounts
  • $82,606Employee benefit-defined contribution accounts
  • $10,598Employee benefit-defined benefit accounts
  • $22,206Other retirement accounts
  • $26,497Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $138,346Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 667Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $24,044Other retirement accounts
  • $12,423Corporate trust and agency accounts
  • $3,633Other fiduciary accounts
  • $6,116Fiduciary accounts held in foreign offices

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