Average User Rating:
1 star rating based on 1 review.

Merrimack County Savings Bank

89 North Main Street
Concord, NH 3301
603-225-2793
www.mcsbnh.com

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Merrimack County Savings Bank is headquartered in Concord and is the 7^th largest bank in the state of New Hampshire. It is also the 1,000^th largest bank in the nation. It was established in 1867 and as of December of 2012, it had grown to 129 employees at 7 locations. Merrimack County Savings Bank has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Merrimack County Savings Bank Checking Account Rates

Apy	Min	Max	Product
2.05%	$500	-	RETA Checking
2.05%	$500	-	IOLTA Checking
0.20%	$50k	$1m	Premium Plus Checking with Direct Deposit
0.03%	$500	-	Premium Checking
0.01%	$500	-	Personal Interest Checking
0.01%	$500	-	Business Interest Checking
0.01%	-	-	Not-for-Profit Checking

Merrimack County Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.12%	$75k	$1m	Premium Statement Savings
0.10%	$25	-	Wealth Builder IRA Savings Account
0.10%	$25	-	Wealth Builder Roth IRA Savings Account
0.03%	$200	-	Passbook Savings
0.03%	$100	-	Regular Statement Savings
0.03%	-	-	Youth Savings

Merrimack County Savings Bank Money Market Rates

Apy	Min	Max	Product
0.12%	$75k	$1m	Merrimack Maximizer Savings
0.12%	$75k	$1m	Business Money Fund
0.12%	$100k	$1m	Not-for-Profit Money Fund

Merrimack County Savings Bank CD Rates

Apy	Min	Max	Product
1.15%	$500	-	5 Year Bump Up CD
1.05%	$500	-	5 Year CD Fix Rate
0.85%	$500	-	4 Year CD Fix Rate
0.65%	$1k	-	28 Month Premium CD Fix Rate
0.65%	$500	-	3 Year CD Fix Rate
0.50%	$500	-	2 1/2 Year CD Fix Rate
0.45%	$500	-	2 Year CD Fix Rate
0.35%	$1k	-	14 Month Premium CD Fix Rate
0.35%	$500	-	20/20 CD
0.30%	$500	-	1 1/2 Year CD Fix Rate
0.30%	$500	-	1 1/2 Year CD Variable Rate
0.25%	$500	-	1 Year CD Fix Rate
0.20%	$1k	-	7 Month Premium CD Fix Rate
0.15%	$1k	-	6 Month CD Fix Rate
0.10%	$1k	-	90 Day CD Fix Rate

Merrimack County Savings Bank IRA Rates

Apy	Min	Max	Product
1.15%	$500	-	5 Year Bump Up IRA
1.15%	$500	-	5 Year Bump Up Roth IRA
1.05%	$500	-	5 Year IRA Fix Rate
1.05%	$500	-	5 Year Roth IRA Fix Rate
0.85%	$500	-	4 Year IRA Fix Rate
0.85%	$500	-	4 Year Roth IRA Fix Rate
0.65%	$1k	-	28 Month Premium IRA Fix Rate
0.65%	$500	-	3 Year IRA Fix Rate
0.65%	$1k	-	28 Month Premium Roth IRA Fix Rate
0.65%	$500	-	3 Year Roth IRA Fix Rate
0.50%	$500	-	2 1/2 Year IRA Fix Rate
0.50%	$500	-	2 1/2 Year Roth IRA Fix Rate
0.45%	$500	-	2 Year IRA Fix Rate
0.45%	$500	-	2 Year Roth IRA Fix Rate
0.35%	$1k	-	14 Month Premium IRA Fix Rate
0.35%	$1k	-	14 Month Premium Roth IRA Fix Rate
0.30%	$500	-	1 1/2 Year IRA Fix Rate
0.30%	$500	-	1 1/2 Year IRA Variable Rate
0.30%	$500	-	1 1/2 Year Roth IRA Fix Rate
0.30%	$500	-	1 1/2 Year Roth IRA Variable Rate
0.25%	$500	-	1 Year IRA Fix Rate
0.25%	$500	-	1 Year Roth IRA Fix Rate
0.20%	$1k	-	7 Month Premium IRA Fix Rate
0.20%	$1k	-	7 Month Premium Roth IRA Fix Rate
0.15%	$1k	-	6 Month IRA Fix Rate
0.15%	$1k	-	6 Month Roth IRA Fix Rate
0.10%	$1k	-	90 Day IRA Fix Rate
0.10%	$1k	-	90 Day Roth IRA Fix Rate

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Merrimack County Savings Bank
FDIC Certificate #	17960
BankRate Report	View
Year Established	1867
Employees	129
Primary Regulator	FDIC
Assets and Liabilities
Assets	$671.21 million
Loans	$455.09 million
Deposits	$495.08 million
Equity Capital	$69.75 million
Loan Loss Allowance	$5.70 million
Unbacked Noncurrent Loans	$6.10 million
Real Estate Owned	$706,000
Historic Data - December 2011
Assets	$651.46 million
Equity Capital	$66.40 million
Loan Loss Allowance	$6.32 million
Unbacked Noncurrent Loans	$9.53 million
Real Estate Owned	$36,000
Profit Margin - Quarterly
Net Interest Margin	3.34%
Return on Assets	0.62%
Return on Equity	5.95%
Interest Income	$23.81 million

Institution Health

Overall Score:

5 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 December 31, 2012 Merrimack County Savings Bank had $6.81 million in non-current loans and owned real-estate with $75.45 million in equity and loan loss allowances on hand to cover it. This gives Merrimack County Savings Bank a Texas Ratio of 9.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Merrimack County Savings Bank decreased slightly from 13.15% as of December 31, 2011 to 9.02% as of December 31, 2012, resulting in a positive change of 31.38%.This indicates that the balance sheet and financial strength for Merrimack County Savings Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Merrimack County Savings Bank has increased its total deposits by $25.58 million, resulting in 5.45% 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 Merrimack County Savings 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. Merrimack County Savings Bank has $671.21 million in assets with $75.45 million in equity, resulting in a capitalization level of 11.24%, which is above average.

STAY AWAY From Merrimack County Savings Bank!
1 stars

- saizmoreira - Wednesday, January 16, 2013 - 6:11 PM

STAY AWAY from Merrimack County Savings Bank for mortgages! They just did a bait & switch on my friend. She was approved for a 5% mortgage, both verbally and in writing, and just as they were about to close the commitment letter says 20% down. Their loan person there is Cliff Colquitt. He's AWFUL, won't give them any explanation on this bait & switch. My friend and her husband are first time buyers, new to this, great borrowers, have had steady employment for a long time and they have excellent credit. STAY AWAY FROM MERRIMACK COUNTY!