The Merchants National Bank

100 North High Street
Hillsboro, OH 45133

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6605
Date Established 1879
Assets $0.72 billion
Loans $0.59 billion
Deposits $0.63 billion
Capital $0.07 billion

The Merchants National Bank is an FDIC insured institution located in Hillsboro, OH. It was founded in 1879 and has approximately $0.72 billion in assets. Customers can open an account at one of its 13 branches.

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

Bank Loan Profile?

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

Compared to other banks in Ohio, The Merchants National Bank has a significantly higher percent of Farm 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.52
Multifamily
Mortgages
0.95
Credit Card Loans 0.02
Consumer Auto Loans 2.52
Small Business Loans 0.00
Construction and Development Loans 2.41
Commercial Real Estate 18.65
Commercial and Industrial Loans 6.36
Farm Loans 5.36

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.20% $1,000 - Learn MoreShow Less
Special: 12 Mo FIRA
1.75% $1,000 - Learn MoreShow Less
Special: 26 Mo FIRA
2.00% $1,000 - Learn MoreShow Less
Special: 38 Mo FIRA
2.20% $1,000 - Learn MoreShow Less
Special: 48 Mo FIRA
2.40% $1,000 - Learn MoreShow Less
Special: 60 Mo FIRA
2.60% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.40% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.05% $1 $9,999 Learn MoreShow Less
MM 10K
0.10% $10,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Merchants National Bank

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.411% 4.375% 0.00 $1,190 $1,249 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

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

Branches

The Merchants National Bank 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


The Merchants National Bank Locations

Financial Details

The Merchants National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Merchants National Bank. 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
The Merchants National Bank U.S. Bank Average
7.41% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, The Merchants National Bank had $5,534,000 in non-current loans and $112,000 in owned real estate. To cover these potential losses it had $69,840,000 in equity and $6,331,000 in loans loss reserves. That gives it a Texas Ratio of 7.41%.

Return on Equity
The Merchants National Bank U.S. Bank Average
14.69% 9.35%

The Merchants National Bank has a Return on Equity of 14.69% versus the BestCashCow average of 9.35%. 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
The Merchants National Bank U.S. Bank Average
9.69% 12.01%

The Merchants National Bank has a Capitalization of 9.69% versus the BestCashCow average of 12.01. 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.

The Merchants National Bank Balance Sheet Analysis

As of March 31, 2018, The Merchants National Bank had assets of $720,686,000, loans of $592,015,000, and deposits of $630,100,000. 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

ASSETS
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.05 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.59 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.65 billion
LIABILITIES
Total deposits $0.63 billion
      Interest-bearing deposits $0.51 billion
      Deposits held in domestic offices $0.63 billion
      % insured (estimated) 78.82%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.65 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The Merchants National Bank

Branches and Savings

Is The Merchants National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6605.

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

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

Why are The Merchants National Bank CD rates not competitive?

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

Is The Merchants National Bank a commercial bank?

Yes

Where are The Merchants National Bank locations?

See branch locations nearby.

Is The Merchants National Bank open on Saturdays?

Is The Merchants National Bank open on Sundays?

What time does The Merchants National Bank open?

What time does The Merchants National Bank close?

Are The Merchants National Bank ATMs Open 24/7?

Do The Merchants National Bank ATMs accept cash deposits?

Can The Merchants National Bank customers use other ATMs?

Do The Merchants National Bank branches have notaries?

Will The Merchants National Bank notarize my document?

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

Will the The Merchants National Bank branch print checks?

Do The Merchants National Bank checks expire?

Does The Merchants National Bank require US citizenship to open account?

Can The Merchants National Bank close my account?

Does The Merchants National Bank Report to credit bureaus?

Does The Merchants National Bank Use Equifax?

What is The Merchants National Bank's ACH Routing Number?

What is The Merchants National Bank's SWIFT code?

Products

Does The Merchants National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Merchants National Bank offer personal loans?

Compare personal loan rates here.

Does The Merchants National Bank offer student loans?

Will The Merchants National Bank cash a check?

Will The Merchants National Bank redeem a savings bond?

Does The Merchants National Bank cash savings bonds?

Will The Merchants National Bank cash money orders?

Can The Merchants National Bank issue a money order?

Does The Merchants National Bank do currency exchange?

Background on The Bank

Who owns The Merchants National Bank?

How long has The Merchants National Bank been around?

Can The Merchants National Bank transfer to other banks?

Does The Merchants National Bank have quick pay?

Does The Merchants National Bank accept rolled coins?

Will The Merchants National Bank accept loose change?

Where is The Merchants National Bank headquarters?

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