Merchandise National Bank of Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 1994

  • Merchandise National Bank of Chicago in Chicago, Illinois (IL)
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Merchandise National Bank of Chicago - Overview

  • General
  • FDIC Certificate #: 911
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Old Kent Bank (#915)
    Federal Reserve ID: 119537
    Date Established: June 21, 1930
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 587
    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: October 14, 1994
    Last Structure Change Process Date: November 29, 1994
    Last Data Update: November 29, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 Merchandise Mart, Chicago, IL 60654
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $132.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $53Total assets
  • $126,515Cash and due from depository institutions
  • $11,330Interest-bearing balances
  • $0Securities
  • $12,239Federal funds sold & reverse repurchase agreements
  • $10,400Net loans & leases
  • $83,543Loan loss allowance
  • $2,640Trading account assets
  • $2,985Bank premises and fixed assets
  • $3,322Other real estate owned
  • $288Goodwill and other intangibles
  • $2,408Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $126,515Total liabilities
  • $115,872Total deposits
  • $114,012Interest-bearing deposits
  • $76,777Deposits held in domestic offices
  • 114012.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $855Subordinated debt
  • $0All other liabilities
  • $505Total equity capital
  • $505Total bank equity capital
  • $10,643Perpetual preferred stock
  • $0Common stock
  • $3,005Surplus
  • $4,508Undivided profits
  • Memoranda
  • $3,130Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,107Income earned, not collected on loans
  • $275Earning assets
  • $109,167Long-term assets (5+ years)
  • $10,367Average Assets, year-to-date
  • $128,352Average Assets, quarterly
  • $128,049Volatile liabilities
  • $7,057Insider loans
  • $3,735FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,736Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,643Total risk weighted assets
  • $90,776Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,588Total interest expense
  • $2,724Net interest income
  • $5,864Provision for loan and lease losses
  • $300Total noninterest income
  • $1,847Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,019Trading account gains & fees
  • $450Additional noninterest income
  • $378Total noninterest expense
  • $5,631Salaries and employee benefits
  • $2,075Premises and equipment expense
  • $1,383Additional noninterest expense
  • $2,173Pre-tax net operating income
  • $1,780Securities gains (losses)
  • $0Applicable income taxes
  • $334Income before extraordinary items
  • $1,446Extraordinary gains - net
  • $857Net income attributable to bank
  • $2,303Net charge-offs
  • $236Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.74%Cost of funding earning assets
  • 2.45%Net interest margin
  • 5.28%Noninterest income to earning assets
  • 1.66%Noninterest expense to earning assets
  • 5.07%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 24.10%Retained earnings to average equity (YTD only)
  • 24.10%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 127.12%Efficiency ratio
  • 73,026Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.06%Loss allowance to noncurrent loans
  • 238.48%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 73.28%Net loans and leases to core deposits
  • 77.13%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 11.72%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $128,352Average earning assets
  • $9,555Average equity
  • $111,007Average loans

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