Merchants Bank, National Association in Winona, Minnesota (MN), WI
| Merchants Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 8866 Status: Active Federal Reserve ID: 779351 Bank Holding Company (Regulatory Top Holder): Merchants Financial Group, Inc. (RSSDID: 1128769, Location: Winona, MN) Date Established: January 01, 1875 WWW: http://www.merchantsbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 19 (Domestic: 19, Interstate: Yes) OTS Docket #: 13801 FDIC's unique #: 5660 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: November 18, 2011 Last Structure Change Process Date: January 06, 2012 Last Data Update: January 06, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 100-106 East Third Street, Winona, MN 55987 County: Winona Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Winona, MN (#49100) CBSA Micro Statistical Area: Yes |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $1,241.1 mil Equity capital: $138.9 mil Deposits held in domestic offices: $1,007.4 mil Return on assets (ROA): 1.11% ($13.8 mil) Quarterly return on assets: 1.18% ($14.6 mil) Return on Equity (ROE): 9.54% ($13.3 mil) Quarterly return on equity: 10.31% ($14.3 mil) Net income: $13.1 mil Quarterly Net income: $3.6 mil Pretax return on assets: 1.71% ($21,222.3 mil) Quarterly Pretax return on assets: 1.80% ($22,339.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 293 |
| Total assets | $1,241,069 |
| Cash and due from depository institutions | $179,749 |
| Interest-bearing balances | $174,867 |
| Securities | $194,565 |
| Federal funds sold & reverse repurchase agreements | $191 |
| Net loans & leases | $754,540 |
| Loan loss allowance | $12,970 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,081 |
| Other real estate owned | $8,116 |
| Goodwill and other intangibles | $36,851 |
| All other assets | $40,976 |
| Life insurance assets | $1,241,069 |
| Total liabilities and capital | $1,102,213 |
| Total liabilities | $1,007,388 |
| Total deposits | $797,087 |
| Interest-bearing deposits | $1,007,388 |
| Deposits held in domestic offices | $69 |
| % insured (estimated) | 38766.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $32,336 |
| Other borrowed funds | $0 |
| Subordinated debt | $23,723 |
| All other liabilities | $138,856 |
| Total equity capital | $138,856 |
| Total bank equity capital | $138,856 |
| Perpetual preferred stock | $0 |
| Common stock | $3,015 |
| Surplus | $49,316 |
| Undivided profits | $86,525 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $9,466 |
| Income earned, not collected on loans | $15,639 |
| Earning assets | $2,561 |
| Long-term assets (5+ years) | $3,572 |
| Average Assets, year-to-date | $1,124,163 |
| Average Assets, quarterly | $300,433 |
| Volatile liabilities | $1,181,615 |
| Insider loans | $1,229,588 |
| FHLB advances | $937,147 |
| Loans and leases held for sale | $1,223,463 |
| Unused loan commitments | $26,268 |
| Tier 1 (core) risk-based capital | $26,268 |
| Tier 2 risk-based capital | $117,359 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $255,320 |
| Derivatives | $20,812 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $55,131 |
| Total interest expense | $9,783 |
| Net interest income | $45,348 |
| Provision for loan and lease losses | $1,653 |
| Total noninterest income | $13,658 |
| Fiduciary activities | $1,228 |
| Service charges on deposit accounts | $2,437 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $9,993 |
| Total noninterest expense | $39,468 |
| Salaries and employee benefits | $21,327 |
| Premises and equipment expense | $2,981 |
| Additional noninterest expense | $15,160 |
| Pre-tax net operating income | $17,885 |
| Securities gains (losses) | $2,268 |
| Applicable income taxes | $7,080 |
| Income before extraordinary items | $13,073 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $13,073 |
| Net charge-offs | $0 |
| Cash dividends | $13,073 |
| Sale, conversion, retirement of capital stock, net | $1,516 |
| Net operating income | $8,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.19% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 4.27% |
| Noninterest income to earning assets | 1.29% |
| Noninterest expense to earning assets | 3.72% |
| Net operating income to assets | 0.98% |
| Return on assets (ROA) | 1.11% |
| Pretax return on assets | 1.71% |
| Return on equity (ROE) | 9.54% |
| Retained earnings to average equity (YTD only) | 3.70% |
| Net charge-offs to loans | 0.20% |
| Credit loss provision to net charge-offs | 109.04% |
| Efficiency ratio | 12.89% |
| Assets per employee | $66,888 |
| Cash dividends to net income (YTD only) | 4.24% |
| Condition Ratios (%) | |
| Loss allowance to loans | 61.19% |
| Loss allowance to noncurrent loans | 1.69% |
| Noncurrent assets plus other real estate owned to assets | 82.93% |
| Noncurrent loans to loans | 1.91% |
| Net loans and leases to deposits | 2.04% |
| Net loans and leases to core deposits | 74.90% |
| Equity capital to assets | 78.84% |
| Core capital (leverage) ratio | 11.19% |
| Tier 1 risk-based capital ratio | 9.59% |
| Total risk-based capital ratio | 12.52% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $1,181,615 |
| Average equity | $137,074 |
| Average loans | $1,061,233 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $214,441 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $174,116 |
| Employee benefit-defined contribution accounts | $62,167 |
| Employee benefit-defined benefit accounts | $43,321 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $11,136 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $34,950 |
| Fiduciary accounts held in foreign offices | $22,542 |
| Non-managed Assets | $0 |
| Number of Accounts | 411 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $11,136 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $40,325 |
| Corporate trust and agency accounts | $2,001 |
| Other fiduciary accounts | $20,039 |
| Fiduciary accounts held in foreign offices | $6,381 |
| 18 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5660 | Merchants Bank, National Association | 100-106 East Third Street, Winona, MN 55987 | January 01, 1875 | Full Service Brick and Mortar |  |
| 1 | 219067 | Goodview Facility | 4124 Sixth Street-Goodview, Winona, MN 55987 | June 11, 1979 | Full Service Brick and Mortar |  |
| 2 | 219068 | St. Charles Branch | 1130 Whitewater Avenue, St. Charles, MN 55972 | Febuary 09, 1990 | Full Service Brick and Mortar | |
| 3 | 219069 | Merchants Lakeside Branch | 627 Mankato Avenue, Winona, MN 55987 | June 03, 1999 | Full Service Brick and Mortar | |
| 4 | 266756 | Rochester Green Meadows Branch | 1600 Greenview Dr Sw, Rochester, MN 55902 | January 01, 1923 | Full Service Brick and Mortar | |
| 7 | 364832 | Rochester Northwest Plaza Branch | 3586 55th Street Nw, Rochester, MN 55901 | January 07, 2002 | Full Service Brick and Mortar | |
| 8 | 1284 | Hampton Branch | 23280 Main Street, Hampton, MN 55031 | October 01, 1899 | Full Service Brick and Mortar | |
| 9 | 190419 | Hastings Branch | 1525 Vermillion Street, Hastings, MN 55033 | May 09, 1991 | Full Service Brick and Mortar | |
| 11 | 190421 | Apple Valley Branch | 7300 147th Street West, Suite 100, Apple Valley, MN 55124 | May 25, 1995 | Full Service Brick and Mortar | |
| 12 | 442327 | Lakeville Branch | 18550 Joplin Avenue, Lakeville, MN 55044 | March 22, 2005 | Full Service Brick and Mortar | |
| 13 | 3415 | Cannon Falls Branch | 300 West Main Street, Cannon Falls, MN 55009 | April 10, 1878 | Full Service Brick and Mortar | |
| 14 | 363254 | Redwing Branch | 2835 South Service Drive, Red Wing, MN 55066 | Febuary 14, 2002 | Full Service Brick and Mortar | |
| 15 | 7010 | Caledonia Branch | 115 West Washington Street, Caledonia, MN 55921 | January 01, 1857 | Full Service Brick and Mortar | |
| 16 | 364291 | La Crescent Branch | 316 Main Street, La Crescent, MN 55947 | October 01, 2003 | Full Service Brick and Mortar | |
| 18 | 432085 | Cottage Grove Branch | 7200 East Douglas Point Road South, Cottage Grove, MN 55016 | September 27, 2004 | Full Service Brick and Mortar | |
| 19 | 497261 | Highview Avenue Branch | 20150 Highview Avenue, Lakeville, MN 55044 | October 16, 2009 | Full Service Brick and Mortar | |
| 20 | 7288 | Spring Grove Branch | 126 West Main Street, Spring Grove, MN 55974 | January 01, 1890 | Full Service Brick and Mortar | |
| 21 | 16797 | Rosemount National Bank Branch | 15055 Chippendale Avenue South, Rosemount, MN 55068 | October 01, 1982 | Full Service Brick and Mortar | |
| 1 Wisconsin Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 17 | 6521 | Onalaska Branch | 3140 Market Place, Onalaska, WI 54650 | September 10, 1912 | Full Service Brick and Mortar | |
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