The Merchants Bank

The Merchants Bank is headquartered in Burlington and is the largest bank in the state of Vermont. It is also the 412^st largest bank in the nation. It was established in 1849 and as of March of 2012, it had grown to 311 employees at 34 locations. The Merchants Bank has a 5-star health rating.

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Data for Q1 2012

Institution Statistics Merchants Bank FDIC Certificate # 6268 BankRate Report View Year Established 1849 Employees 311 Primary Regulator FDIC Assets and Liabilities Assets $1.63 billion Loans $1.03 billion Deposits $1.20 billion Equity Capital $129.56 million Loan Loss Allowance $11.05 million Unbacked Noncurrent Loans $1.95 million Real Estate Owned $351,000 Historic Data - March 2011 Assets $1.49 billion Equity Capital $118.36 million Loan Loss Allowance $10.23 million Unbacked Noncurrent Loans $3.36 million Real Estate Owned $171,000 Profit Margin - Quarterly Net Interest Margin 3.3% Return on Assets 0.96% Return on Equity 12.14% Interest Income $14.53 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 March 31, 2012 The Merchants Bank had $2.3 million in non-current loans and owned real-estate with $140.61 million in equity and loan loss allowances on hand to cover it. This gives The Merchants Bank a Texas Ratio of 1.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Merchants Bank decreased significantly from 2.75% as of March 31, 2011 to 1.64% as of March 31, 2012, resulting in a positive change of 40.37%.This indicates that the balance sheet and financial strength for The Merchants Bank has improved significantly in recent periods. Deposit Growth In the past year, The Merchants Bank has increased its total deposits by $102.41 million, resulting in 9.31% 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 The Merchants 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. The Merchants Bank has $1.63 billion in assets with $140.61 million in equity, resulting in a capitalization level of 8.62%, which is average.

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