Merrimack County Savings Bank in Concord, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Merrimack County Savings Bank in Concord, New Hampshire (NH)
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Merrimack County Savings Bank - Overview

  • General
  • FDIC Certificate #: 17960
    Status: Active
    Federal Reserve ID: 74403
    Bank Holding Company (Regulatory Top Holder): Merrimack Bancorp Mhc (RSSDID: 3405521, Location: Concord, NH)
    Date Established: January 01, 1867
    WWW: http://www.mcsbnh.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13444
    FDIC's unique #: 11893
    Numeric code: 41
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 22, 1959
    Last Structure Change Effective Date: September 06, 2010
    Last Structure Change Process Date: September 09, 2010
    Last Data Update: September 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 89 North Main Street, Concord, NH 3301
    County: Merrimack
    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
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Concord, NH (#18180)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $651.5 mil
    Equity capital: $66.4 mil
    Deposits held in domestic offices: $469.5 mil
    Return on assets (ROA): 0.64% ($4.2 mil)
    Quarterly return on assets: 0.64% ($4.2 mil)
    Return on Equity (ROE): 6.18% ($4.1 mil)
    Quarterly return on equity: 6.23% ($4.1 mil)
    Net income: $4.0 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.94% ($6,123.7 mil)
    Quarterly Pretax return on assets: 0.90% ($5,863.1 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, 2011)

  • Dollar figures in thousands
  • 130Total employees (full-time equivalent)
  • $651,460Total assets
  • $36,542Cash and due from depository institutions
  • $27,546Interest-bearing balances
  • $153,842Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $414,595Net loans & leases
  • $6,318Loan loss allowance
  • $0Trading account assets
  • $6,642Bank premises and fixed assets
  • $36Other real estate owned
  • $16,525Goodwill and other intangibles
  • $651,460Life insurance assets
  • $23,278All other assets
  • $585,059Total liabilities and capital
  • $469,494Total liabilities
  • $404,741Total deposits
  • $469,494Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 66989.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,019Trading liabilities
  • $0Other borrowed funds
  • $8,557Subordinated debt
  • $66,401All other liabilities
  • $66,401Total equity capital
  • $66,401Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $65,325Surplus
  • $1,076Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,240Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,526Income earned, not collected on loans
  • $0Earning assets
  • $1,860Long-term assets (5+ years)
  • $595,983Average Assets, year-to-date
  • $187,120Average Assets, quarterly
  • $630,517Volatile liabilities
  • $643,651Insider loans
  • $408,413FHLB advances
  • $623,140Loans and leases held for sale
  • $11,590Unused loan commitments
  • $11,590Tier 1 (core) risk-based capital
  • $54,117Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $119,040Restructured Loans and leases
  • $2,504Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,721Total interest income
  • $4,533Total interest expense
  • $19,188Net interest income
  • $1,571Provision for loan and lease losses
  • $5,545Total noninterest income
  • $1,023Fiduciary activities
  • $1,211Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,311Additional noninterest income
  • $18,041Total noninterest expense
  • $10,017Salaries and employee benefits
  • $1,842Premises and equipment expense
  • $6,182Additional noninterest expense
  • $5,121Pre-tax net operating income
  • $785Securities gains (losses)
  • $1,856Applicable income taxes
  • $4,050Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,050Net income attributable to bank
  • $0Net charge-offs
  • $4,050Cash dividends
  • $958Sale, conversion, retirement of capital stock, net
  • $338Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 6.18%Return on equity (ROE)
  • 5.67%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 163.99%Credit loss provision to net charge-offs
  • 6.99%Efficiency ratio
  • 71,508Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.35%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 66.32%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 88.31%Net loans and leases to core deposits
  • 94.07%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 8.68%Tier 1 risk-based capital ratio
  • 13.25%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $630,517Average earning assets
  • $65,496Average equity
  • $575,149Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $94,149Managed Assets
  • 1Number of Accounts
  • $93,437Personal trust and agency accounts
  • $5,510Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $933Other retirement accounts
  • $19,008Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $67,955Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $31Non-managed Assets
  • 305Number of Accounts
  • $0Personal trust and agency accounts
  • $17,614Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $712Other retirement accounts
  • $712Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 New Hampshire Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011893Merrimack County Savings Bank89 North Main Street, Concord, NH 3301January 01, 1867Full Service Brick and Mortar
    1243348Integra Drive Branch1 Integra Drive, Concord, NH 3302April 12, 1999Full Service Brick and Mortar
    2359799North State Street Branch167 North State Street, Concord, NH 3301April 17, 2001Full Service Brick and Mortar
    4424265Nashua Branch101 Broad Street, Nashua, NH 3064November 24, 2003Full Service Brick and Mortar
    539911Bow Branch503 South Street, Bow, NH 3304January 21, 1989Full Service Brick and Mortar
    6262012Concord Branch190 North Main Street, Concord, NH 3301September 20, 1999Full Service Brick and Mortar
    7424260Contoocook Branch35 Kearsarge Avenue, Contoocook, NH 3229October 15, 2003Full Service Brick and Mortar

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