Merchants Bank, National Association in Allentown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1993

  • Merchants Bank, National Association in Allentown, Pennsylvania (PA)
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Merchants Bank, National Association - Overview

  • General
  • FDIC Certificate #: 7376
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Fidelity Bank, National Association, Pennsylvania (#7436)
    Federal Reserve ID: 328012
    Date Established: March 30, 1930
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 49 (Interstate: No)
    FDIC's unique #: 4814
    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: June 18, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 702 Hamilton Street, Allentown, PA 18101
    County: Lehigh
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Allentown-Bethlehem-Easton, PA (#240)
    Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
    CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
  • Financial Summary
  • Total assets: $1,731.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $709Total assets
  • $1,787,565Cash and due from depository institutions
  • $78,909Interest-bearing balances
  • $0Securities
  • $376,245Federal funds sold & reverse repurchase agreements
  • $55,000Net loans & leases
  • $1,226,042Loan loss allowance
  • $25,865Trading account assets
  • $0Bank premises and fixed assets
  • $15,057Other real estate owned
  • $4,708Goodwill and other intangibles
  • $29,923Life insurance assets
  • $1,681All other assets
  • $0Total liabilities and capital
  • $1,787,565Total liabilities
  • $1,624,375Total deposits
  • $1,516,848Interest-bearing deposits
  • $1,337,210Deposits held in domestic offices
  • 1516848.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $83,099Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $24,428Total equity capital
  • $24,428Total bank equity capital
  • $163,190Perpetual preferred stock
  • $0Common stock
  • $4,923Surplus
  • $23,113Undivided profits
  • Memoranda
  • $135,154Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,418Income earned, not collected on loans
  • $7,705Earning assets
  • $1,657,287Long-term assets (5+ years)
  • $906,458Average Assets, year-to-date
  • $1,881,898Average Assets, quarterly
  • $1,821,205Volatile liabilities
  • $111,440Insider loans
  • $9FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $162,987Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $161,509Total risk weighted assets
  • $1,190,012Total unused commitments
  • $0Restructured Loans and leases
  • $31,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $147,647Total interest expense
  • $61,430Net interest income
  • $86,217Provision for loan and lease losses
  • $9,280Total noninterest income
  • $11,784Fiduciary activities
  • $3,088Service charges on deposit accounts
  • $5,957Trading account gains & fees
  • $0Additional noninterest income
  • $2,739Total noninterest expense
  • $60,421Salaries and employee benefits
  • $20,343Premises and equipment expense
  • $6,883Additional noninterest expense
  • $33,195Pre-tax net operating income
  • $28,300Securities gains (losses)
  • -$15Applicable income taxes
  • $6,709Income before extraordinary items
  • $21,576Extraordinary gains - net
  • $0Net income attributable to bank
  • $21,576Net charge-offs
  • $8,362Cash dividends
  • $11,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.42%Cost of funding earning assets
  • 3.50%Net interest margin
  • 4.92%Noninterest income to earning assets
  • 0.67%Noninterest expense to earning assets
  • 3.45%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 1.50%Return on equity (ROE)
  • 13.68%Retained earnings to average equity (YTD only)
  • 6.71%Net charge-offs to loans
  • 0.66%Credit loss provision to net charge-offs
  • 110.98%Efficiency ratio
  • 61,465Assets per employee
  • 2.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.98%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 101.76%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 80.83%Net loans and leases to core deposits
  • 82.37%Equity capital to assets
  • 9.13%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 13.57%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,881,898Average earning assets
  • $157,677Average equity
  • $1,753,482Average loans

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