FDIC Certificate #: 12755 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Merchants National Bank (#6605) Federal Reserve ID: 891721 Date Established: January 01, 1901 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 8081 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 21, 2009 Last Structure Change Process Date: September 09, 2009 Last Data Update: September 09, 2009 Data Source Date: April 05, 2012
Location
Address: 314 Washington Street, Higginsport, OH 45131 County: Brown Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Cincinnati, OH-KY-IN (#1640) Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21) Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178) Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140) CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
Financial Summary
Total assets: $114.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
29Total employees (full-time equivalent)
$110,988Total assets
$4,352Cash and due from depository institutions
$0Interest-bearing balances
$20,819Securities
$6,253Federal funds sold & reverse repurchase agreements
$73,869Net loans & leases
$768Loan loss allowance
$0Trading account assets
$1,509Bank premises and fixed assets
$2,525Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,661All other assets
$110,988Total liabilities and capital
$100,221Total liabilities
$99,981Total deposits
$92,028Interest-bearing deposits
$99,981Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$240All other liabilities
$10,767Total equity capital
$10,767Total bank equity capital
$10,767Perpetual preferred stock
$0Common stock
$269Surplus
$905Undivided profits
Memoranda
$9,593Noncurrent loans and leases
$8,914Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,443Earning assets
$0Long-term assets (5+ years)
$599Average Assets, year-to-date
$100,941Average Assets, quarterly
$35,893Volatile liabilities
$112,237Insider loans
$110,565FHLB advances
$13,924Loans and leases held for sale
$1,168Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,914Total unused commitments
$1,481Restructured Loans and leases
$777Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,383Total interest income
$3,156Total interest expense
$3,227Net interest income
$120Provision for loan and lease losses
$464Total noninterest income
$0Fiduciary activities
$293Service charges on deposit accounts
$0Trading account gains & fees
$171Additional noninterest income
$2,964Total noninterest expense
$1,435Salaries and employee benefits
$411Premises and equipment expense
$1,118Additional noninterest expense
$607Pre-tax net operating income
$0Securities gains (losses)
$126Applicable income taxes
$481Income before extraordinary items
$0Extraordinary gains - net
$481Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$104Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.22%Yield on earning assets
3.08%Cost of funding earning assets
3.15%Net interest margin
0.45%Noninterest income to earning assets
2.89%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.54%Pretax return on assets
4.58%Return on equity (ROE)
4.11%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
115.38%Credit loss provision to net charge-offs
6.99%Efficiency ratio
80,303Assets per employee
3.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.40%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
53.22%Noncurrent assets plus other real estate owned to assets
3.58%Noncurrent loans to loans
1.93%Net loans and leases to deposits
73.88%Net loans and leases to core deposits
85.84%Equity capital to assets
9.70%Core capital (leverage) ratio
9.66%Tier 1 risk-based capital ratio
14.95%Total risk-based capital ratio
Memoranda
$16Average assets
$112,237Average earning assets
$10,499Average equity
$102,584Average loans
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