PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Merchants Trust Company, National Association

Muncie, IN · Cert 57573

FDIC

Q2 2010

$24.8MAssets
n/aLoans
n/aDeposits
$23.7MEquity

Executive Summary

  • Earnings: ROA of 5.86%, up 223 bps year over year; NIM at 0.20%.

Return on Assets (YTD, annualized)

5.86%+223 bps YoY

Net Interest Margin (YTD, annualized)

0.20%0 bps YoY

Efficiency Ratio (YTD, annualized)

71.63%-908 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

0.22%Q2 ’080.21%Q2 ’090.20%Q2 ’10-6%-1%

Non-interest income vs. expense

27.08%Q2 ’0826.08%Q2 ’0925.10%Q2 ’10+26%-62%

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets3.74%3.50%4.28%3.63%3.75%3.72%5.35%5.86%+223 bps
Return on Equity3.82%3.57%4.35%3.68%3.80%3.78%5.52%6.07%+239 bps
Net Interest Margin0.21%0.21%0.20%0.21%0.21%0.21%0.20%0.20%0 bps
Efficiency Ratio81.52%82.22%79.29%80.71%79.91%79.85%74.21%71.63%-908 bps
Non-Interest Burden-6.12%-5.77%-7.08%-6.03%-6.19%-6.10%-8.56%-9.74%-371 bps
Growth
Asset Growth (YoY)1.03%-0.25%-3.41%-5.31%-3.54%0.12%-4.07%-0.36%+495 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital209%176.72%228%172.42%197.62%186.51%197.08%200%+2,758 bps
Equity / Assets98.12%98.67%98.00%99.12%98.84%97.36%96.51%95.67%-345 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets5.26%5.33%5.48%5.56%5.48%5.34%5.74%3.58%-198 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a