The Merchants National Bank of Terre Haute in Terre Haute, Indiana (IN)
Table of contents:
| The Merchants National Bank of Terre Haute | |
|---|---|
| General | FDIC Certificate #: 12849 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#4393) Federal Reserve ID: 996448 Date Established: January 01, 1906 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) OTS Docket #: 13822 FDIC's unique #: 8134 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 09, 1999 Last Structure Change Process Date: November 03, 1999 Last Data Update: November 03, 1999 Data Source Date: April 05, 2012 |
| Location | Address: 701 Wabash Avenue, Terre Haute, IN 47808 County: Vigo Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Indianapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Terre Haute, IN (#8320) Core Based Statistical Area (CBSA): Terre Haute, IN (#45460) CBSA Metro Statistical Area: Terre Haute, IN (#45460) |
| Financial Summary | Total assets: $727.9 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 230 |
| Total assets | $657,128 |
| Cash and due from depository institutions | $14,908 |
| Interest-bearing balances | $0 |
| Securities | $116,120 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $486,988 |
| Loan loss allowance | $5,339 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,755 |
| Other real estate owned | $493 |
| Goodwill and other intangibles | $0 |
| All other assets | $29,864 |
| Life insurance assets | $0 |
| Total liabilities and capital | $657,128 |
| Total liabilities | $602,027 |
| Total deposits | $500,036 |
| Interest-bearing deposits | $430,032 |
| Deposits held in domestic offices | $500,036 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $45,509 |
| Trading liabilities | $0 |
| Other borrowed funds | $49,605 |
| Subordinated debt | $0 |
| All other liabilities | $6,877 |
| Total equity capital | $55,101 |
| Total bank equity capital | $55,101 |
| Perpetual preferred stock | $55,101 |
| Common stock | $0 |
| Surplus | $9,555 |
| Undivided profits | $10,205 |
| Memoranda | |
| Noncurrent loans and leases | $35,341 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $3,291 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $2,978 |
| Average Assets, quarterly | $603,108 |
| Volatile liabilities | $178,463 |
| Insider loans | $619,669 |
| FHLB advances | $644,270 |
| Loans and leases held for sale | $157,786 |
| Unused loan commitments | $12,061 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $132,978 |
| Restructured Loans and leases | $0 |
| Derivatives | $454,343 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $46,848 |
| Total interest expense | $21,560 |
| Net interest income | $25,288 |
| Provision for loan and lease losses | $840 |
| Total noninterest income | $6,098 |
| Fiduciary activities | $890 |
| Service charges on deposit accounts | $1,837 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,371 |
| Total noninterest expense | $15,974 |
| Salaries and employee benefits | $8,294 |
| Premises and equipment expense | $1,661 |
| Additional noninterest expense | $6,019 |
| Pre-tax net operating income | $14,572 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $5,553 |
| Income before extraordinary items | $9,019 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $9,019 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $1,254 |
| Net operating income | $10,177 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.19% |
| Cost of funding earning assets | 3.77% |
| Net interest margin | 4.42% |
| Noninterest income to earning assets | 1.07% |
| Noninterest expense to earning assets | 2.79% |
| Net operating income to assets | 1.46% |
| Return on assets (ROA) | 1.46% |
| Pretax return on assets | 2.35% |
| Return on equity (ROE) | 16.61% |
| Retained earnings to average equity (YTD only) | -2.13% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 66.99% |
| Efficiency ratio | 12.29% |
| Assets per employee | $50,895 |
| Cash dividends to net income (YTD only) | 2.86% |
| Condition Ratios (%) | |
| Loss allowance to loans | 112.84% |
| Loss allowance to noncurrent loans | 1.08% |
| Noncurrent assets plus other real estate owned to assets | 162.23% |
| Noncurrent loans to loans | 0.58% |
| Net loans and leases to deposits | 0.67% |
| Net loans and leases to core deposits | 97.39% |
| Equity capital to assets | 117.68% |
| Core capital (leverage) ratio | 8.39% |
| Tier 1 risk-based capital ratio | 8.42% |
| Total risk-based capital ratio | 11.81% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $619,669 |
| Average equity | $54,310 |
| Average loans | $571,741 |
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