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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 | 6.0071% | 2,332 |
| Cost of funding earning assets | 1.8160% | 5,039 |
| Net interest margin | 4.1911% | 1,931 |
| Noninterest income to average assets | 2.0862% | 341 |
| Noninterest expense to average assets | 3.8615% | 1,366 |
| Loan and lease loss provision to assets | 0.4598% | 2,631 |
| Net operating income to assets | 0.9247% | 2,597 |
| Return on assets (ROA) | 0.9792% | 2,527 |
| Pretax return on assets | 1.5838% | 1,447 |
| Return on Equity (ROE) | 11.4885% | 1,813 |
| Retained earnings to average equity (ytd only) | 11.4885% | 883 |
| Net charge-offs to loans | 0.4409% | 2,349 |
| Credit loss provision to net charge-offs | 142.1053% | 2,881 |
| Earnings coverage of net charge-offs (x) | 6.0526% | 2,554 |
| Efficiency ratio | 66.3497% | 5,259 |
| Assets per employee ($millions) | 3.5538% | 4,690 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,832 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.3450% | 3,825 |
| Loan loss allowance to noncurrent loans | 119.5624% | 2,620 |
| Noncurrent assets plus other real estate owned to assets | 0.8098% | 5,153 |
| Noncurrent loans to loans | 1.1250% | 4,735 |
| Net loans and leases to total assets | 71.0139% | 3,464 |
| Net loans and leases to deposits | 78.9050% | 4,784 |
| Net loans and leases to core deposits | 98.0446% | 4,741 |
| Total domestic deposits to total assets | 89.9993% | 804 |
| Equity capital to assets | 8.5167% | 6,051 |
| Core capital (leverage) ratio | 8.4623% | 5,612 |
| Tier 1 risk-based capital ratio | 10.6193% | 6,275 |
| Total risk-based capital ratio | 11.8465% | 6,216 |
| Memoranda: | ||
| Average total assets | $93,952,000 | 5,376 |
| Average earning assets | $83,701,000 | 5,435 |
| Average equity | $8,008,000 | 6,061 |
| Average total loans | $68,949,000 | 5,015 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.6381% | 2,301 |
| Cost of funding earning assets | 1.9236% | 6,666 |
| Net interest margin | 4.7146% | 945 |
| Noninterest income to average assets | 1.3906% | 743 |
| Noninterest expense to average assets | 3.9302% | 1,514 |
| Loan and lease loss provision to assets | 0.2557% | 4,357 |
| Net operating income to assets | 0.8460% | 3,234 |
| Return on assets (ROA) | 0.8719% | 2,978 |
| Pretax return on assets | 1.3763% | 2,043 |
| Return on Equity (ROE) | 8.4642% | 2,863 |
| Retained earnings to average equity (ytd only) | -8.8568% | 6,957 |
| Net charge-offs to loans | 0.1317% | 4,907 |
| Credit loss provision to net charge-offs | 259.0361% | 1,787 |
| Earnings coverage of net charge-offs (x) | 16.1205% | 1,869 |
| Efficiency ratio | 71.1762% | 4,088 |
| Assets per employee ($millions) | 3.5366% | 4,576 |
| Cash dividends to net income (ytd only)* | 204.6385% | 311 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.3032% | 3,758 |
| Loan loss allowance to noncurrent loans | 111.8454% | 3,135 |
| Noncurrent assets plus other real estate owned to assets | 0.8722% | 4,674 |
| Noncurrent loans to loans | 1.1652% | 4,195 |
| Net loans and leases to total assets | 73.8785% | 3,133 |
| Net loans and leases to deposits | 82.8803% | 4,592 |
| Net loans and leases to core deposits | 101.2520% | 4,693 |
| Total domestic deposits to total assets | 89.1388% | 989 |
| Equity capital to assets | 8.5306% | 6,032 |
| Core capital (leverage) ratio | 8.8386% | 4,987 |
| Tier 1 risk-based capital ratio | 10.3563% | 6,359 |
| Total risk-based capital ratio | 11.5458% | 6,300 |
| Memoranda: | ||
| Average total assets | $84,067,000 | 5,560 |
| Average earning assets | $73,665,400 | 5,675 |
| Average equity | $8,660,000 | 5,857 |
| Average total loans | $63,026,200 | 5,140 |