Merchants Bank of Bangor

Headquarters

25 Broadway
Bangor, PA 18013
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 1.05% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Merchants Bank of Bangor is an FDIC insured institution located in Bangor, PA. It was founded in 1890 and has approximately $0.41 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 7391
Date Established 1890
Assets $ 400.90 million
Loans $ 245.62 million
Deposits $ 357.09 million
Capital $ 42.01 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.08% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Merchants Bank of Bangor

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Merchants Bank of Bangor
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Branches

Merchants Bank of Bangor 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:
Seattle,Washington


Merchants Bank of Bangor Locations


Financial Details

Merchants Bank of Bangor Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants Bank of Bangor. 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 of Bangor U.S. Bank Average
4.26% 6.94%

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 March 31, 2020, Merchants Bank of Bangor had $1,906,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $42,014,000 in equity and $2,756,000 in loans loss reserves. That gives it a Texas Ratio of 4.26%.

Return on Equity
Merchants Bank of Bangor U.S. Bank Average
9.85% 7.80%

Merchants Bank of Bangor has a Return on Equity of 9.85% versus the BestCashCow average of 7.80%. 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 of Bangor U.S. Bank Average
10.48% 12.68%

Merchants Bank of Bangor has a Capitalization of 10.48% versus the BestCashCow average of 12.68. 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 of Bangor Balance Sheet Analysis

As of March 31, 2020, Merchants Bank of Bangor had assets of $408,876,000, loans of $245,621,000, and deposits of $357,092,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 6.57 million
Interest-bearing balances $ 1.10 million
Total securities $ 136.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 245.62 million
Loan loss allowance $ 2.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 12.54 million
     Total Assets $ 366.86 million
LIABILITIES
Total deposits $ 357.09 million
      Interest-bearing deposits $ 309.68 million
      Deposits held in domestic offices $ 357.09 million
      % insured (estimated) 78.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.20 million
Subordinated debt N.A.
All other liabilities $ 1.57 million
      Total Liabilities $ 366.86 million
      Shareholders’ Equity $ 34.04 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.71 million
Total Interest Expense $ 0.39 million
Net interest income $ 3.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.40 million
Total non interest expense $ 2.57 million
Pre-tax Net Operating Income $ 1.14 million

Bank Loan Profile?

The top three loan types in Merchants Bank of Bangor’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Pennsylvania, Merchants Bank of Bangor has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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 41.55
Multifamily
Mortgages
7.87
Credit Card Loans 0.00
Consumer Auto Loans 0.12
Small Business Loans 0.00
Construction and Development Loans 5.55
Commercial Real Estate 32.67
Commercial and Industrial Loans 6.33
Farm Loans 0.00

Frequently Asked Questions About Merchants Bank Of Bangor

Branches and Savings

Is Merchants Bank Of Bangor FDIC insured?

Yes. It is covered under FDIC Certificate #7391.

Why does Merchants Bank Of Bangor 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 Of Bangor CD rates not competitive?

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

Is Merchants Bank Of Bangor a commercial bank?

Yes

Where are Merchants Bank Of Bangor locations?

See branch locations nearby.

Is Merchants Bank Of Bangor open on Saturdays?

Is Merchants Bank Of Bangor open on Sundays?

What time does Merchants Bank Of Bangor open?

What time does Merchants Bank Of Bangor close?

Are Merchants Bank Of Bangor ATMs Open 24/7?

Do Merchants Bank Of Bangor ATMs accept cash deposits?

Can Merchants Bank Of Bangor customers use other ATMs?

Do Merchants Bank Of Bangor branches have notaries?

Will Merchants Bank Of Bangor notarize my document?

What address for Merchants Bank Of Bangor should I put for incoming ACH transfers?

Will the Merchants Bank Of Bangor branch print checks?

Do Merchants Bank Of Bangor checks expire?

Does Merchants Bank Of Bangor require US citizenship to open account?

Can Merchants Bank Of Bangor close my account?

Does Merchants Bank Of Bangor Report to credit bureaus?

Does Merchants Bank Of Bangor Use Equifax?

What is Merchants Bank Of Bangor's ACH Routing Number?

What is Merchants Bank Of Bangor's SWIFT code?

Products

Does Merchants Bank Of Bangor offer mortgages?

Compare mortgage rates here.

Does Merchants Bank Of Bangor offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Merchants Bank Of Bangor offer personal loans?

Compare personal loan rates here.

Does Merchants Bank Of Bangor offer student loans?

Will Merchants Bank Of Bangor cash a check?

Will Merchants Bank Of Bangor redeem a savings bond?

Does Merchants Bank Of Bangor cash savings bonds?

Will Merchants Bank Of Bangor cash money orders?

Can Merchants Bank Of Bangor issue a money order?

Does Merchants Bank Of Bangor do currency exchange?

Background on The Bank

Who owns Merchants Bank Of Bangor?

How long has Merchants Bank Of Bangor been around?

Can Merchants Bank Of Bangor transfer to other banks?

Does Merchants Bank Of Bangor have quick pay?

Does Merchants Bank Of Bangor accept rolled coins?

Will Merchants Bank Of Bangor accept loose change?

Where is Merchants Bank Of Bangor headquarters?

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