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Merrill Merchants Bank

Bangor, ME · Cert 33704

FDIC

Q4 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Merrill Merchants Bank

Bangor, ME · Cert 33704

FDIC

Q4 2008

$599.1MAssets
$370.0MLoans
$294.0MDeposits
n/aEquity
Loan mix
80%RE $245.1M20%C&I $60.0M0%Consumer $0.4MQ4 2007Q4 2008
Deposit mix
85%Interest-bearing $295.5M15%Noninterest $51.6MQ4 2007Q4 2008

NIM

6.24%Q4 ’063.37%Q4 ’07-51%

Non-interest income vs. expense

2.84%Q4 ’062.18%Q4 ’07+1%

Executive Summary

  • Earnings: ROA of 0.50%, up 38 bps year over year.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Funding: loans stand at 125.86% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.50%+38 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.12%0.30%0.49%0.48%0.50%+38 bps
Return on Equity0.74%n/an/an/an/an/a
Net Interest Margin1.86%n/an/an/an/an/a
Efficiency Ratio84.94%n/an/an/an/an/a
Non-Interest Burden1.57%n/an/an/an/an/a
Growth
Asset Growth (YoY)18.38%30.45%13.78%12.02%13.20%-518 bps
Loan Growth (YoY)8.21%1.24%0.26%-0.27%0.65%-756 bps
Deposit Growth (YoY)-4.01%0.12%-16.06%-16.51%-15.30%-1,129 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%n/an/an/an/an/a
Allowance / Loans1.14%n/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.55%n/an/an/an/an/a
Equity / Assets20.82%n/an/an/an/an/a
Liquidity & Funding
Loans / Deposits105.92%101.39%119.63%124.71%125.86%+1,994 bps
Liquid Assets / Assets1.25%0.00%0.00%0.00%0.00%-125 bps
CRE / Total Capitaln/an/an/an/an/an/an/a