Merchants Bank of Commerce

Headquarters

1951 Churn Creek Road
Redding, CA 96002
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 0.65% →
1-Year CD 0.35% 0.70% →
2-Year CD 0.55% 0.75% →
5-Year CD 0.95% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Merchants Bank of Commerce is an FDIC insured institution located in Redding, CA. It was founded in 1982 and has approximately $1.76 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 24074
Date Established 1982
Assets $ 1,763.33 million
Loans $ 1,123.05 million
Deposits $ 1,546.64 million
Capital $ 194.77 million
 

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

Deposit Rates - June 19, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
Special: 30 Mo CD
1.26% $10,000 - Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 30 Mo FIRA
1.26% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 19, 2021

Your Current Location: Virginia, VA 20146

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

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Keystone Funding
NMLS ID: 144760
License#: MC-5188
2.816% 2.750%
0.88 points
$2,150 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Merchants Bank of Commerce
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Merchants Bank of Commerce 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:
Ashburn,Virginia


Merchants Bank of Commerce Locations


Financial Details

Merchants Bank of Commerce Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Merchants Bank of Commerce. 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 Commerce U.S. Bank Average
3.32% 5.49%

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, 2020, Merchants Bank of Commerce had $7,013,000 in non-current loans and $8,000 in owned real estate. To cover these potential losses it had $194,772,000 in equity and $16,910,000 in loans loss reserves. That gives it a Texas Ratio of 3.32%.

Return on Equity
Merchants Bank of Commerce U.S. Bank Average
8.52% 9.24%

Merchants Bank of Commerce has a Return on Equity of 8.52% versus the BestCashCow average of 9.24%. 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 Commerce U.S. Bank Average
11.05% 11.96%

Merchants Bank of Commerce has a Capitalization of 11.05% versus the BestCashCow average of 11.96. 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 Commerce Balance Sheet Analysis

As of December 31, 2020, Merchants Bank of Commerce had assets of $1,763,328,000, loans of $1,123,051,000, and deposits of $1,546,638,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 106.99 million
Interest-bearing balances $ 87.11 million
Total securities $ 446.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,123.05 million
Loan loss allowance $ 16.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.01 million
Goodwill and other intangibles $ 15.72 million
All other assets $ 53.37 million
     Total Assets $ 1,568.56 million
LIABILITIES
Total deposits $ 1,546.64 million
      Interest-bearing deposits $ 1,001.75 million
      Deposits held in domestic offices $ 1,546.64 million
      % insured (estimated) 48.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 16.92 million
      Total Liabilities $ 1,568.56 million
      Shareholders’ Equity $ 194.77 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 60.44 million
Total Interest Expense $ 3.65 million
Net interest income $ 56.80 million
Provision for loan and lease losses $ 5.25 million
Total non interest income $ 3.44 million
Total non interest expense $ 34.26 million
Pre-tax Net Operating Income $ 20.73 million

Bank Loan Profile?

The top three loan types in Merchants Bank of Commerce’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks, Merchants Bank of Commerce’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 9.28
Multifamily
Mortgages
6.07
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 9.78
Construction and Development Loans 3.97
Commercial Real Estate 58.31
Commercial and Industrial Loans 20.78
Farm Loans 0.07

Frequently Asked Questions About Merchants Bank Of Commerce

Branches and Savings

Is Merchants Bank Of Commerce FDIC insured?

Yes. It is covered under FDIC Certificate #24074.

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

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

Is Merchants Bank Of Commerce a commercial bank?

Yes

Where are Merchants Bank Of Commerce locations?

See branch locations nearby.

Is Merchants Bank Of Commerce open on Saturdays?

Is Merchants Bank Of Commerce open on Sundays?

What time does Merchants Bank Of Commerce open?

What time does Merchants Bank Of Commerce close?

Are Merchants Bank Of Commerce ATMs Open 24/7?

Do Merchants Bank Of Commerce ATMs accept cash deposits?

Can Merchants Bank Of Commerce customers use other ATMs?

Do Merchants Bank Of Commerce branches have notaries?

Will Merchants Bank Of Commerce notarize my document?

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

Will the Merchants Bank Of Commerce branch print checks?

Do Merchants Bank Of Commerce checks expire?

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

Can Merchants Bank Of Commerce close my account?

Does Merchants Bank Of Commerce Report to credit bureaus?

Does Merchants Bank Of Commerce Use Equifax?

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

What is Merchants Bank Of Commerce's SWIFT code?

Products

Does Merchants Bank Of Commerce offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Merchants Bank Of Commerce offer personal loans?

Compare personal loan rates here.

Does Merchants Bank Of Commerce offer student loans?

Will Merchants Bank Of Commerce cash a check?

Will Merchants Bank Of Commerce redeem a savings bond?

Does Merchants Bank Of Commerce cash savings bonds?

Will Merchants Bank Of Commerce cash money orders?

Can Merchants Bank Of Commerce issue a money order?

Does Merchants Bank Of Commerce do currency exchange?

Background on The Bank

Who owns Merchants Bank Of Commerce?

How long has Merchants Bank Of Commerce been around?

Can Merchants Bank Of Commerce transfer to other banks?

Does Merchants Bank Of Commerce have quick pay?

Does Merchants Bank Of Commerce accept rolled coins?

Will Merchants Bank Of Commerce accept loose change?

Where is Merchants Bank Of Commerce headquarters?

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