Merchants Commercial Bank


4608 Tutu Park Mall
St Thomas, VI 00802
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.25% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD N.A. 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 Commercial Bank is an FDIC insured institution located in St Thomas, VI. It was founded in 2006 and has approximately $0.3 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58184
Date Established 2006
Assets $ 296.30 million
Loans $ 91.82 million
Deposits $ 269.78 million
Capital $ 25.12 million

For a more detailed analysis of Merchants Commercial Bank'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
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $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 Commercial Bank

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
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Merchants Commercial Bank
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Financial Details

Merchants Commercial Bank Ratio Analysis

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

Texas Ratio
Merchants Commercial Bank U.S. Bank Average
15.13% 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 Commercial Bank had $4,024,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,124,000 in equity and $1,470,000 in loans loss reserves. That gives it a Texas Ratio of 15.13%.

Return on Equity
Merchants Commercial Bank U.S. Bank Average
18.8% 7.80%

Merchants Commercial Bank has a Return on Equity of 18.8% 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.

Merchants Commercial Bank U.S. Bank Average
8.48% 12.68%

Merchants Commercial Bank has a Capitalization of 8.48% 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 Commercial Bank Balance Sheet Analysis

As of March 31, 2020, Merchants Commercial Bank had assets of $296,296,000, loans of $91,816,000, and deposits of $269,777,000. 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
Cash & Balances due from depository institutions $ 20.25 million
Interest-bearing balances $ 14.15 million
Total securities $ 172.63 million
Federal funds sold and reverse repurchase $ 5.72 million
Net loans and leases $ 91.82 million
Loan loss allowance $ 1.47 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 $ 4.44 million
     Total Assets $ 271.17 million
Total deposits $ 269.78 million
      Interest-bearing deposits $ 110.87 million
      Deposits held in domestic offices $ 269.78 million
      % insured (estimated) 45.25%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.40 million
      Total Liabilities $ 271.17 million
      Shareholders’ Equity $ 25.12 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 2.78 million
Total Interest Expense $ 0.18 million
Net interest income $ 2.60 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.31 million
Total non interest expense $ 1.35 million
Pre-tax Net Operating Income $ 1.44 million

Bank Loan Profile?

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

Compared to other banks in , Merchants Commercial Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Consumer Auto Loans, Construction and Development Loans, Commercial Real Estate, Commercial and Industrial Loans 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.89
Credit Card Loans 0.00
Consumer Auto Loans 0.72
Small Business Loans 0.00
Construction and Development Loans 8.97
Commercial Real Estate 31.42
Commercial and Industrial Loans 13.43
Farm Loans 0.00

Frequently Asked Questions About Merchants Commercial Bank

Branches and Savings

Is Merchants Commercial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58184.

Why does Merchants Commercial Bank pay such low interest on savings accounts?

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

Why are Merchants Commercial Bank CD rates not competitive?

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

Is Merchants Commercial Bank a commercial bank?


Where are Merchants Commercial Bank locations?

See branch locations nearby.

Is Merchants Commercial Bank open on Saturdays?

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Does Merchants Commercial Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Merchants Commercial Bank offer personal loans?

Compare personal loan rates here.

Does Merchants Commercial Bank offer student loans?

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Background on The Bank

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How long has Merchants Commercial Bank been around?

Can Merchants Commercial Bank transfer to other banks?

Does Merchants Commercial Bank have quick pay?

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Will Merchants Commercial Bank accept loose change?

Where is Merchants Commercial Bank headquarters?

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