The Merchants National Bank in Hillsboro, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Merchants National Bank - Overview

  • General
  • FDIC Certificate #: 6605
    Status: Active
    Federal Reserve ID: 701222
    Bank Holding Company (Regulatory Top Holder): Merchants Bancorp, Inc. (RSSDID: 2485487, Location: Hillsboro, OH)
    Date Established: December 25, 1879
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 10841
    FDIC's unique #: 4423
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 21, 2009
    Last Structure Change Process Date: September 09, 2009
    Last Data Update: September 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North High Street, Hillsboro, OH 45133
    County: Highland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $570.5 mil
    Equity capital: $48.6 mil
    Deposits held in domestic offices: $475.2 mil
    Return on assets (ROA): 1.10% ($6.3 mil)
    Quarterly return on assets: 1.19% ($6.8 mil)
    Return on Equity (ROE): 13.62% ($6.7 mil)
    Quarterly return on equity: 13.99% ($6.9 mil)
    Net income: $6.4 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.56% ($8,899.7 mil)
    Quarterly Pretax return on assets: 1.69% ($9,641.3 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
  • 117Total employees (full-time equivalent)
  • $570,492Total assets
  • $38,106Cash and due from depository institutions
  • $25,888Interest-bearing balances
  • $58,504Securities
  • $6,986Federal funds sold & reverse repurchase agreements
  • $443,429Net loans & leases
  • $4,366Loan loss allowance
  • $0Trading account assets
  • $6,494Bank premises and fixed assets
  • $1,827Other real estate owned
  • $1,587Goodwill and other intangibles
  • $570,492Life insurance assets
  • $13,559All other assets
  • $521,884Total liabilities and capital
  • $475,181Total liabilities
  • $411,075Total deposits
  • $475,181Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 11257.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,763Trading liabilities
  • $0Other borrowed funds
  • $5,683Subordinated debt
  • $48,608All other liabilities
  • $48,608Total equity capital
  • $48,608Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $17,949Surplus
  • $28,659Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,035Income earned, not collected on loans
  • $0Earning assets
  • $3,581Long-term assets (5+ years)
  • $534,807Average Assets, year-to-date
  • $180,015Average Assets, quarterly
  • $577,725Volatile liabilities
  • $570,833Insider loans
  • $420,017FHLB advances
  • $569,108Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $48,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $44,654Restructured Loans and leases
  • $4,120Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,171Total interest income
  • $6,288Total interest expense
  • $21,883Net interest income
  • $1,700Provision for loan and lease losses
  • $2,366Total noninterest income
  • $0Fiduciary activities
  • $1,023Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,343Additional noninterest income
  • $13,557Total noninterest expense
  • $7,049Salaries and employee benefits
  • $1,504Premises and equipment expense
  • $5,004Additional noninterest expense
  • $8,992Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,624Applicable income taxes
  • $6,368Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,368Net income attributable to bank
  • $0Net charge-offs
  • $6,368Cash dividends
  • $1,373Sale, conversion, retirement of capital stock, net
  • $2,178Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 13.62%Return on equity (ROE)
  • 8.96%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 123.82%Credit loss provision to net charge-offs
  • 7.79%Efficiency ratio
  • 55,136Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.20%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 62.06%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 93.32%Net loans and leases to core deposits
  • 95.78%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 11.55%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $577,725Average earning assets
  • $46,751Average equity
  • $540,455Average loans

List of branches

  • 12 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04423The Merchants National Bank100 North High Street, Hillsboro, OH 45133December 25, 1879Full Service Brick and Mortar
    1211580Highland Plaza Branch1470 North High Street, Hillsboro, OH 45133August 27, 1973Full Service Brick and Mortar
    24417Greenfield Branch117-119 South Washington Street, Greenfield, OH 45123January 01, 1911Full Service Brick and Mortar
    3211541104 Jefferson Street Branch104 Jefferson Street, Greenfield, OH 45123June 19, 1967Full Service Brick and Mortar
    4211581Washington Court House Branch128 South North Street, Washington Court House, OH 43160June 11, 1990Full Service Brick and Mortar
    6211582London Branch279 Lafayette Street, London, OH 43140December 07, 1998Full Service Brick and Mortar
    7419837Beech Street Branch145 W. Beech St., Hillsboro, OH 45133August 05, 2002Full Service Brick and Mortar
    9454668Mt. Orab Branch370 North High Street, Mount Orab, OH 45154Febuary 13, 2006Full Service Retail
    10493508Springfield Branch3473 E National Road, Springfield, OH 45505September 02, 2008Full Service Brick and Mortar
    118081Higginsport Branch314 Washington Street, Higginsport, OH 45131January 01, 1901Full Service Brick and Mortar
    12227854Batavia Branch2033 Hospital Drive, Batavia, OH 45103November 08, 1995Full Service Brick and Mortar
    13445233Georgetown Branch120 South Main Street, Georgetown, OH 45121October 13, 2005Full Service Brick and Mortar

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