Merchants Bank, National Association

Headquarters

100-106 East Third Street
Winona, MN 55987
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.35% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 0.65% 1.60% →
30-Year Mortgage 3.52% 3.09% →
15-Year Mortgage 2.98% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Merchants Bank, National Association is an FDIC insured institution located in Winona, MN. It was founded in 1875 and has approximately $1.86 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 8866
Date Established 1875
Assets $ 1,864.13 million
Loans $ 1,558.67 million
Deposits $ 1,611.64 million
Capital $ 199.92 million
 

For a more detailed analysis of Merchants Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $50 - Learn More
Savings
0.10% $2,501 - Learn More
Money Market
0.05% $1 $4,999 Learn More
Money Market
0.08% $1 $5,000 Learn More
Money Market
0.05% $1 $5,000 Learn More
Money Market
0.10% $1 $5,000 Learn More
Money Market
0.15% $5,000 $24,999 Learn More
Money Market
0.05% $5,000 $24,999 Learn More
Money Market
0.10% $5,001 $25,000 Learn More
Money Market
0.12% $5,001 $25,000 Learn More
Money Market
0.15% $5,001 $25,000 Learn More
Money Market
0.25% $25,000 $49,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
Money Market
0.15% $25,001 $50,000 Learn More
Money Market
0.18% $25,001 $50,000 Learn More
Premium Money Market Account
0.50% $1 $1,000,000 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn More
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.20% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.32% $500 - Learn More
12 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
12 Mo CD
0.15% $500 - Learn More
18 Mo CD
0.35% $500 - Learn More
18 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.15% $500 - Learn More
18 Mo CD
0.32% $500 - Learn More
24 Mo CD
0.24% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
30 Mo CD
0.45% $500 - Learn More
30 Mo CD
0.29% $500 - Learn More
30 Mo CD
0.62% $500 - Learn More
30 Mo CD
0.55% $500 - Learn More
36 Mo CD
0.44% $500 - Learn More
36 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.50% $500 - Learn More
36 Mo CD
0.65% $500 - Learn More
48 Mo CD
0.44% $500 - Learn More
48 Mo CD
0.60% $500 - Learn More
48 Mo CD
0.50% $500 - Learn More
48 Mo CD
0.65% $500 - Learn More
60 Mo CD
0.44% $500 - Learn More
60 Mo CD
0.60% $500 - Learn More
60 Mo CD
0.50% $500 - Learn More
60 Mo CD
0.65% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $500 - Learn MoreShow Less
Fixed IRA
0.32% $500 - Learn MoreShow Less
Fixed IRA
0.35% $500 - Learn MoreShow Less
Fixed IRA
0.15% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.10% $1 $4,999 Learn MoreShow Less
Var IRA
0.10% $1 $5,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.05% $1 $2,500 Learn MoreShow Less
Int Ckg
0.08% $1 $2,500 Learn MoreShow Less
0.05% $2,500 $4,999 Learn MoreShow Less
Int Ckg
0.10% $2,501 $5,000 Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Merchants Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Merchants Bank, National Association Locations


Financial Details

Merchants Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Merchants Bank, National Association U.S. Bank Average
10.22% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Merchants Bank, National Association had $21,949,000 in non-current loans and $442,000 in owned real estate. To cover these potential losses it had $199,922,000 in equity and $19,214,000 in loans loss reserves. That gives it a Texas Ratio of 10.22%.

Return on Equity
Merchants Bank, National Association U.S. Bank Average
10.57% 9.41%

Merchants Bank, National Association has a Return on Equity of 10.57% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Merchants Bank, National Association U.S. Bank Average
10.72% 12.82%

Merchants Bank, National Association has a Capitalization of 10.72% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Merchants Bank, National Association Balance Sheet Analysis

As of December 31, 2019, Merchants Bank, National Association had assets of $1,864,126,000, loans of $1,558,665,000, and deposits of $1,611,642,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 49.76 million
Interest-bearing balances $ 21.01 million
Total securities $ 125.87 million
Federal funds sold and reverse repurchase $ 0.38 million
Net loans and leases $ 1,558.67 million
Loan loss allowance $ 19.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles $ 36.79 million
All other assets $ 56.61 million
     Total Assets $ 1,664.20 million
LIABILITIES
Total deposits $ 1,611.64 million
      Interest-bearing deposits $ 1,234.99 million
      Deposits held in domestic offices $ 1,611.64 million
      % insured (estimated) 75.50%
Federal funds purchased and repurchase agreements $ 9.45 million
Trading liabilities N.A.
Other borrowed funds $ 21.00 million
Subordinated debt N.A.
All other liabilities $ 22.11 million
      Total Liabilities $ 1,664.20 million
      Shareholders’ Equity $ 199.92 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 84.63 million
Total Interest Expense $ 11.81 million
Net interest income $ 72.82 million
Provision for loan and lease losses $ 2.18 million
Total non interest income $ 17.53 million
Total non interest expense $ 57.09 million
Pre-tax Net Operating Income $ 31.08 million

Bank Loan Profile?

The top three loan types in Merchants Bank, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Merchants Bank, National Association’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.96
Multifamily
Mortgages
3.96
Credit Card Loans 1.17
Consumer Auto Loans 1.14
Small Business Loans 9.43
Construction and Development Loans 5.59
Commercial Real Estate 27.93
Commercial and Industrial Loans 24.98
Farm Loans 3.01

Frequently Asked Questions About Merchants Bank, National Association

Branches and Savings

Is Merchants Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #8866.

Why does Merchants Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Merchants Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Merchants Bank, National Association a commercial bank?

Yes

Where are Merchants Bank, National Association locations?

See branch locations nearby.

Is Merchants Bank, National Association open on Saturdays?

Is Merchants Bank, National Association open on Sundays?

What time does Merchants Bank, National Association open?

What time does Merchants Bank, National Association close?

Are Merchants Bank, National Association ATMs Open 24/7?

Do Merchants Bank, National Association ATMs accept cash deposits?

Can Merchants Bank, National Association customers use other ATMs?

Do Merchants Bank, National Association branches have notaries?

Will Merchants Bank, National Association notarize my document?

What address for Merchants Bank, National Association should I put for incoming ACH transfers?

Will the Merchants Bank, National Association branch print checks?

Do Merchants Bank, National Association checks expire?

Does Merchants Bank, National Association require US citizenship to open account?

Can Merchants Bank, National Association close my account?

Does Merchants Bank, National Association Report to credit bureaus?

Does Merchants Bank, National Association Use Equifax?

What is Merchants Bank, National Association's ACH Routing Number?

What is Merchants Bank, National Association's SWIFT code?

Products

Does Merchants Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Merchants Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Merchants Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Merchants Bank, National Association offer student loans?

Will Merchants Bank, National Association cash a check?

Will Merchants Bank, National Association redeem a savings bond?

Does Merchants Bank, National Association cash savings bonds?

Will Merchants Bank, National Association cash money orders?

Can Merchants Bank, National Association issue a money order?

Does Merchants Bank, National Association do currency exchange?

Background on The Bank

Who owns Merchants Bank, National Association?

How long has Merchants Bank, National Association been around?

Can Merchants Bank, National Association transfer to other banks?

Does Merchants Bank, National Association have quick pay?

Does Merchants Bank, National Association accept rolled coins?

Will Merchants Bank, National Association accept loose change?

Where is Merchants Bank, National Association headquarters?

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