Merchants Commercial Bank

Merchants Commercial Bank is headquartered in St Thomas and is the 2^nd largest bank in the state of VI. It is also the 4,896^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 19 employees. Merchants Commercial Bank has a 3-star health rating.

Merchants Commercial Bank Routing Number: 021606742

Data for Q1 2012

Institution Statistics Merchants Commercial Bank FDIC Certificate # 58184 BankRate Report View Year Established 2006 Employees 19 Primary Regulator FDIC Assets and Liabilities Assets $102.05 million Loans $74.69 million Deposits $89.89 million Equity Capital $11.77 million Loan Loss Allowance $1.55 million Unbacked Noncurrent Loans $12.09 million Real Estate Owned $1.11 million Historic Data - March 2011 Assets $87.59 million Equity Capital $11.89 million Loan Loss Allowance $1.60 million Unbacked Noncurrent Loans $10.53 million Real Estate Owned $628,000 Profit Margin - Quarterly Net Interest Margin 3.39% Return on Assets 0.21% Return on Equity 1.64% Interest Income $962,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Merchants Commercial Bank had $13.2 million in non-current loans and owned real-estate with $13.31 million in equity and loan loss allowances on hand to cover it. This gives Merchants Commercial Bank a Texas Ratio of 99.14% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Merchants Commercial Bank increased slightly from 82.74% as of March 31, 2011 to 99.14% as of March 31, 2012, resulting in a negative change of 19.82%. This indicates that the balance sheet and financial strength for Merchants Commercial Bank has declined slightly in recent periods. Deposit Growth In the past year, Merchants Commercial Bank has increased its total deposits by $14.63 million, resulting in 19.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Merchants Commercial Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Merchants Commercial Bank has $102.05 million in assets with $13.31 million in equity, resulting in a capitalization level of 13.05%, which is excellent.

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