Merchants Bank (North) in city_name, state_name - Detailed Financial Reports, Location

Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)
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Merchants Bank (North) - Overview

General
FDIC Certificate #: 442
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Fidelity Bank, National Association, Pennsylvania (#7436)
Federal Reserve ID: 410216
Date Established: May 23, 1874
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 21 (Interstate: No)
FDIC's unique #: 339
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
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: 24-26 West Market Street, Wilkes-Barre, PA 18701
County: Luzerne
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): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
Financial Summary
Total assets: $610.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$228Total assets
$622,539Cash and due from depository institutions
$31,998Interest-bearing balances
$0Securities
$177,508Federal funds sold & reverse repurchase agreements
$20,500Net loans & leases
$373,172Loan loss allowance
$11,541Trading account assets
$0Bank premises and fixed assets
$5,629Other real estate owned
$3,023Goodwill and other intangibles
$10,709Life insurance assets
$0All other assets
$0Total liabilities and capital
$622,539Total liabilities
$556,866Total deposits
$545,795Interest-bearing deposits
$486,557Deposits held in domestic offices
545795.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$2,128Trading liabilities
$0Other borrowed funds
$1,910Subordinated debt
$0All other liabilities
$7,033Total equity capital
$7,033Total bank equity capital
$65,673Perpetual preferred stock
$0Common stock
$1,235Surplus
$37,145Undivided profits
Memoranda
$27,293Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,130Income earned, not collected on loans
$2,097Earning assets
$571,180Long-term assets (5+ years)
$320,319Average Assets, year-to-date
$653,914Average Assets, quarterly
$635,948Volatile liabilities
$28,689Insider loans
$165FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$52,276Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$65,673Total risk weighted assets
$407,381Total unused commitments
$0Restructured Loans and leases
$13,000Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$50,256Total interest expense
$21,463Net interest income
$28,793Provision for loan and lease losses
$3,418Total noninterest income
$3,603Fiduciary activities
$1,003Service charges on deposit accounts
$1,992Trading account gains & fees
$0Additional noninterest income
$608Total noninterest expense
$16,463Salaries and employee benefits
$5,658Premises and equipment expense
$1,894Additional noninterest expense
$8,911Pre-tax net operating income
$12,515Securities gains (losses)
$20Applicable income taxes
$2,779Income before extraordinary items
$9,756Extraordinary gains - net
$0Net income attributable to bank
$9,756Net charge-offs
$2,389Cash dividends
$5,170Sale, 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
8.24%Cost of funding earning assets
3.52%Net interest margin
4.72%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
2.70%Net operating income to assets
1.49%Return on assets (ROA)
1.49%Pretax return on assets
1.92%Return on equity (ROE)
15.56%Retained earnings to average equity (YTD only)
7.31%Net charge-offs to loans
0.60%Credit loss provision to net charge-offs
143.07%Efficiency ratio
50,818Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.99%Loss allowance to loans
3.00%Loss allowance to noncurrent loans
224.97%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
1.33%Net loans and leases to deposits
68.37%Net loans and leases to core deposits
71.61%Equity capital to assets
10.55%Core capital (leverage) ratio
10.18%Tier 1 risk-based capital ratio
16.12%Total risk-based capital ratio
Memoranda
$17Average assets
$653,914Average earning assets
$62,697Average equity
$609,731Average loans

Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank (North) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank (North) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Merchants Bank (North) in Wilkes-Barre, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches