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Merchants National Bank of Bangor, The

Bangor, PA · Cert 7391

FDIC · 9 branches

Q1 2020

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: Q1 2020, the quarter ended March 31, 2020, 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

Merchants National Bank of Bangor, The

Bangor, PA · Cert 7391

FDIC · 9 branches

Q1 2020

$408.9MAssets
$248.4MLoans
$357.1MDeposits
$42.0MEquity
Loan mix
90%RE $170.0M8%C&I $15.6M2%Consumer $3.1MQ1 2019Q1 2020
Deposit mix
87%Interest-bearing $309.7M13%Noninterest $47.4MQ1 2019Q1 2020

NIM

3.48%Q1 ’183.70%Q1 ’193.67%Q1 ’20+4%-2%

Non-interest income vs. expense

2.49%Q1 ’182.66%Q1 ’192.55%Q1 ’20+10%-6%

Market Position · Allentown-Bethlehem-Easton, PA-NJ · 2019 SOD (annual) · 2.0% share · #12 of 32 inst. · $0.4B of $17.4B

Executive Summary

  • Earnings: ROA of 0.95%, up 10 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.77% of loans (+11 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.66%, up 43 bps from a year ago.
  • Funding: loans stand at 69.56% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.95%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.28%-7 bps YoY

Efficiency Ratio (YTD, annualized)

69.40%-215 bps YoY

Tier 1 Leverage Ratio

9.66%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.85%0.97%0.96%0.89%0.95%+10 bps
Return on Equity10.10%11.18%10.77%9.85%9.48%-62 bps
Net Interest Margin3.35%3.31%3.32%3.31%3.28%-7 bps
Efficiency Ratio71.55%69.00%69.08%71.31%69.40%-215 bps
Non-Interest Burden2.29%2.14%2.16%2.24%2.16%-14 bps
Growth
Asset Growth (YoY)3.26%2.99%3.26%1.25%1.18%-208 bps
Loan Growth (YoY)0.13%2.24%2.17%1.00%5.15%+501 bps
Deposit Growth (YoY)7.54%5.20%4.93%-0.47%0.71%-683 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.63%0.63%0.64%0.77%+11 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%-0.01%-1 bps
Allowance / Loans1.12%1.11%1.14%1.15%1.11%-1 bps
Allowance Coverage of NPLs1.7x1.8x1.8x1.8x1.4x-0.3x
Capital
Tier 1 Leverage Ratio9.23%9.21%9.35%9.41%9.66%+43 bps
Total Risk-Based Capital15.69%15.66%16.06%16.13%15.92%+24 bps
Equity / Assets8.50%9.21%9.51%9.74%10.28%+178 bps
Liquidity & Funding
Loans / Deposits66.62%68.84%67.30%71.13%69.56%+293 bps
Liquid Assets / Assets2.48%0.10%1.73%0.17%0.27%-222 bps
CRE / Total Capitaln/an/an/an/an/an/an/a