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Overview / Commentary
603-225-2793
89 North Main Street
Concord, NH 03301

Merrimack County Savings Bank is headquartered in Concord and is the 7th largest bank in the state of New Hampshire. It is also the 1,019st largest bank in the nation. It was established in 1867 and as of March of 2014, it had grown to 124 employees at 7 locations. Merrimack County Savings Bank has a B+ health rating.

Reviews (1)

STAY AWAY From Merrimack County Savings Bank!

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!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Merrimack County Savings Bank had $5.45 million in non-current loans and owned real-estate with $72.23 million in equity and loan loss allowances on hand to cover it. This gives Merrimack County Savings Bank a Texas Ratio of 7.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Merrimack County Savings Bank decreased slightly from 10.16% as of March 31, 2013 to 7.55% as of March 31, 2014, resulting in a positive change of 25.72%.This indicates that the balance sheet and financial strength for Merrimack County Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Merrimack County Savings Bank has decreased its total deposits by -$5.24 million, resulting in -1.06% 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 average.

Capitalization

GRADE:
B+

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 $669.78 million in assets with $72.23 million in equity, resulting in a capitalization level of 10.78%, which is above average.

Institution Statistics

Overall
FDIC Certificate #17960
Year Established1867
Employees124
Primary RegulatorFDIC
Assets and Liabilities
Assets$669.78 million
Loans$505.11 million
Deposits$491.14 million
Equity Capital$71.00 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$5.34 million
Real Estate Owned$114,000
Historic Data - March 2013
Assets$668.54 million
Equity Capital$64.95 million
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$5.34 million
Real Estate Owned$663,000
Profit Margin - Quarterly
Net Interest Margin3.52%
Return on Assets0.53%
Return on Equity4.99%
Interest Income$5.67 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Merrimack County Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Merrimack County Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Wealth Builder IRA Savings Account
0.10%$25-Wealth Builder Roth IRA Savings Account
0.08%$75k$1mPremium Statement Savings
0.03%$100-Regular Statement Savings
0.03%--Youth Savings

Merrimack County Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$75k$1mMerrimack Maximizer Savings
0.10%$75k$1mBusiness Money Fund
0.10%$100k$1mNot-for-Profit Money Fund

Merrimack County Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.05%$100k-IOLTA Checking
0.15%$50k$1mPremium 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 CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-5 Year Bump Up CD
1.25%$500-3 Year Bump Up CD
1.00%$500-5 Year CD Fix Rate
0.75%$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
0.25%$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

DetailsAPYMINMAXPRODUCT
1.75%$500-5 Year Wealthbuilder IRA Special
1.75%$500-5 Year Bump Up IRA
1.25%$500-3 Year Bump Up IRA
1.00%$500-5 Year IRA Fix Rate
0.75%$500-4 Year IRA Fix Rate
0.65%$1k-28 Month Premium IRA Fix Rate
0.65%$500-3 Year IRA Fix Rate
0.50%$500-2 1/2 Year IRA Fix Rate
0.45%$500-2 Year IRA Fix Rate
0.35%$1k-14 Month Premium IRA Fix Rate
0.30%$500-1 1/2 Year IRA Fix Rate
0.25%$500-1 Year IRA Fix Rate
0.20%$1k-7 Month Premium IRA Fix Rate
0.15%$1k-6 Month IRA Fix Rate
0.10%$1k-90 Day IRA Fix Rate
Locations


Merrimack County Savings Bank Locations
Integra Drive Branch1 Integra DriveConcord, NH 3302
Nashua Branch101 Broad StreetNashua, NH 3064
North State Street Branch167 North State StreetConcord, NH 3301
Concord Branch190 North Main StreetConcord, NH 3301
Contoocook Branch35 Kearsarge AvenueContoocook, NH 3229
Bow Branch503 South StreetBow, NH 3304
Merrimack County Savings Bank89 North Main StreetConcord, NH 3301