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MERCHANTS BANK, Performance and Condition Ratios
| 2009-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.3294% | 5,758 |
| Cost of funding earning assets | 1.7971% | 5,124 |
| Net interest margin | 3.5323% | 4,605 |
| Noninterest income to average assets | 1.2536% | 912 |
| Noninterest expense to average assets | 2.7366% | 4,841 |
| Loan and lease loss provision to assets | 0.3032% | 3,523 |
| Net operating income to assets | 0.9229% | 2,603 |
| Return on assets (ROA) | 1.1799% | 1,821 |
| Pretax return on assets | 1.8845% | 831 |
| Return on Equity (ROE) | 15.3029% | 921 |
| Retained earnings to average equity (ytd only) | 15.3029% | 383 |
| Net charge-offs to loans | 0.0143% | 5,388 |
| Credit loss provision to net charge-offs | 3,700.0000% | 193 |
| Earnings coverage of net charge-offs (x) | 218.0000% | 194 |
| Efficiency ratio | 60.5072% | 6,320 |
| Assets per employee ($millions) | 4.3685% | 2,940 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,832 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.5921% | 2,555 |
| Loan loss allowance to noncurrent loans | 206.8807% | 1,613 |
| Noncurrent assets plus other real estate owned to assets | 0.4537% | 6,128 |
| Noncurrent loans to loans | 0.7696% | 5,507 |
| Net loans and leases to total assets | 58.0130% | 5,937 |
| Net loans and leases to deposits | 73.8307% | 5,499 |
| Net loans and leases to core deposits | 82.3229% | 6,209 |
| Total domestic deposits to total assets | 78.5757% | 5,850 |
| Equity capital to assets | 8.1306% | 6,624 |
| Core capital (leverage) ratio | 7.4857% | 7,175 |
| Tier 1 risk-based capital ratio | 10.8834% | 6,009 |
| Total risk-based capital ratio | 12.1396% | 5,910 |
| Memoranda: | ||
| Average total assets | $48,819,000 | 6,913 |
| Average earning assets | $45,183,000 | 6,874 |
| Average equity | $3,764,000 | 7,535 |
| Average total loans | $28,012,500 | 6,883 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.1483% | 4,784 |
| Cost of funding earning assets | 2.0593% | 6,202 |
| Net interest margin | 4.0891% | 2,761 |
| Noninterest income to average assets | 0.8372% | 2,309 |
| Noninterest expense to average assets | 2.6012% | 5,649 |
| Loan and lease loss provision to assets | 0.0459% | 6,841 |
| Net operating income to assets | 1.2898% | 1,513 |
| Return on assets (ROA) | 1.3862% | 1,209 |
| Pretax return on assets | 2.1044% | 481 |
| Return on Equity (ROE) | 14.8387% | 947 |
| Retained earnings to average equity (ytd only) | -29.8561% | 7,911 |
| Net charge-offs to loans | 0.1267% | 4,972 |
| Credit loss provision to net charge-offs | 66.6667% | 6,127 |
| Earnings coverage of net charge-offs (x) | 29.0909% | 1,193 |
| Efficiency ratio | 56.4823% | 6,943 |
| Assets per employee ($millions) | 4.5077% | 2,602 |
| Cash dividends to net income (ytd only)* | 301.2048% | 197 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.5020% | 2,677 |
| Loan loss allowance to noncurrent loans | 620.8955% | 729 |
| Noncurrent assets plus other real estate owned to assets | 0.1351% | 7,038 |
| Noncurrent loans to loans | 0.2419% | 6,660 |
| Net loans and leases to total assets | 55.0187% | 6,544 |
| Net loans and leases to deposits | 68.6435% | 6,402 |
| Net loans and leases to core deposits | 78.2835% | 6,737 |
| Total domestic deposits to total assets | 80.1513% | 4,960 |
| Equity capital to assets | 7.3026% | 7,556 |
| Core capital (leverage) ratio | 7.0620% | 7,647 |
| Tier 1 risk-based capital ratio | 10.2390% | 6,478 |
| Total risk-based capital ratio | 11.4697% | 6,360 |
| Memoranda: | ||
| Average total assets | $47,900,600 | 6,869 |
| Average earning assets | $44,142,000 | 6,848 |
| Average equity | $4,474,800 | 7,339 |
| Average total loans | $26,052,800 | 6,960 |