Firstmerit Bank, National Association
Akron, OH — Domestic Branch of a Domestic Bank
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Total Assets26.2B 3.5 %
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Total Deposits21.1B 6.6 %
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Total Net Loans16.2B 4.1 %
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Net Income120.8M -0.9 %
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Book Value3.2B 5.1 %
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Book Value x26.4B 5.1 %
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Book Value x39.6B 5.1 %
Financial Highlights | Firstmerit Bank, National Association | All Insured Commercial Banks in Ohio |
Balance Sheet $(000) | ||
Total Assets | 26,155,280 | 479,081 |
Total Net Loans | 16,187,971 | 325,002 |
Total Deposits | 21,074,218 | 387,382 |
Total Equity | 3,189,501 | 52,286 |
Profitability | ||
Net Income | 120,785 | 2,507 |
Return on Average Assets | .935 | .87 |
Return on Average Equity | 7.702 | 7.85 |
Net Interest Margin | 3.305 | 3.672 |
Efficiency Ratio | 62.226 | 68.603 |
Noninterest Income/Revenue | 23.064 | 19.462 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 76.814 | 76.447 |
Securities/Assets | .261 | .195 |
Total Equity/Total Assets | .122 | .109 |
Tangible Equity/Tangible Assets | .091 | .096 |
Capital Adequacy | ||
Tier 1 Common Capital | 2,340,402 | 45,962 |
Tier 1 Capital | 2,340,402 | 46,236 |
Tier 2 Capital | 401,853 | 3,928 |
Total Capital | 2,742,255 | 50,159 |
Total Risk Weighted Assets | 19,936,630 | 350,689 |
Leverage Ratio | 9.34 | 10.598 |
Common Equity Tier 1 Capital Ratio | 11.74 | 16.771 |
Tier 1 Capital Ratio | 11.74 | 16.788 |
Total Capital Ratio | 13.75 | 17.905 |
Timeline for Firstmerit Bank, National Association
The Huntington National Bank
Firstmerit Bank, National Association was acquired by The Huntington National Bank 7 years
View Profile Aug 16 2016Citizens Bank
Acquisition: Firstmerit Bank, National Association acquired a new subsidiary, Citizens Bank, 11 years
View Profile Apr 13 2013Firstmerit Community Development Corporation
Firstmerit Community Development Corporation became a new subsidiary organization for Firstmerit Bank, National Association.
View Profile Jul 02 2012Cascade Holdings, Llc
Cascade Holdings, Llc became a new subsidiary organization for Firstmerit Bank, National Association.
View Profile Aug 09 2011Midwest Funding, Llc
Midwest Funding, Llc became a new subsidiary organization for Firstmerit Bank, National Association.
View Profile Dec 31 2010Want to see more?
Complete timeline for Firstmerit Bank, National Association is available.
View Complete TimelineAcquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
The Huntington National Bank | Buyer | 100,416,340 | Acquisition | Discontinued | 8/16/2016 |
Citizens Bank | Seller | 9,309,422 | Acquisition | Discontinued | 4/13/2013 |
Midwest Bank And Trust Company | Seller | 3,172,915 | Failure | 5/15/2010 | |
George Washington Savings Bank | Seller | 413,673 | Failure | 2/20/2010 | |
Summit Bank, National Association | Seller | 119,841 | Pooling of Interests | Discontinued | 2/13/1999 |
Nc Interim National Bank | Seller | 426,899 | Pooling of Interests | Discontinued | 2/13/1999 |
Signal Bank, National Association | Seller | 1,491,736 | Pooling of Interests | Discontinued | 2/13/1999 |
Security Federal Savings And Loan Association Of Cleveland | Seller | 601,225 | Pooling of Interests | Discontinued | 10/24/1998 |
First Federal Savings Bank Of Kent | Seller | 93,733 | Pooling of Interests | Discontinued | 10/24/1998 |
Jefferson Savings Bank | Seller | 64,851 | Acquisition | Discontinued | 5/23/1998 |
Premierbank & Trust | Seller | 577,465 | Acquisition | Discontinued | 5/23/1998 |
Citizens National Bank | Seller | 1,000,850 | Pooling of Interests | Discontinued | 3/21/1998 |
Peoples National Bank | Seller | 151,484 | Pooling of Interests | Discontinued | 3/21/1998 |
Peoples Bank, National Association | Seller | 362,367 | Pooling of Interests | Discontinued | 3/21/1998 |
Est National Bank | Seller | 525,412 | Pooling of Interests | Discontinued | 10/14/1997 |
The Old Phoenix National Bank Of Medina | Seller | 408,831 | Pooling of Interests | Discontinued | 10/14/1997 |
Great Northern Savings Company | Seller | 373,862 | Discontinued | 4/23/1994 | |
The Exchange Bank Company | Seller | 21,783 | Discontinued | 12/31/1984 | |
The Twinsburg Banking Company | Seller | 112,035 | Discontinued | 12/31/1984 | |
Mogadore Savings Bank | Seller | Discontinued | 12/20/1963 |
Relationships | Role | Relationship Start | Relationship End |
Firstmerit Corporation | Parent | 12/31/1981 | 8/15/2016 |
Firstmerit Securities Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Equipment Finance, Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Community Development Corporation | Subsidary | 7/2/2012 | 8/15/2016 |
Firstmerit Mortgage Corporation | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Insurance Agency, Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Mobile Consultants, Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Insurance Group, Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Fmrc, Inc | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Title Agency, Ltd. | Subsidary | 9/8/2000 | 8/15/2016 |
Firstmerit Mortgage Reinsurance Co. Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Firstmerit Advisors, Inc. | Subsidary | 6/30/2007 | 8/15/2016 |
Midwest Funding, Llc | Subsidary | 12/31/2010 | 8/15/2016 |
Cphcsub, Llc | Subsidary | 11/6/2008 | 8/15/2016 |
Firstmerit Financial Services, Inc. | Subsidary | 1/28/2009 | 8/15/2016 |
Crepd, Llc | Subsidary | 4/17/2009 | 8/15/2016 |
Cascade Holdings, Llc | Subsidary | 8/9/2011 | 8/15/2016 |
Fmtp Llc | Subsidary | 12/19/2000 | 8/12/2014 |
Midwest Financial And Investment Services, Inc. | Subsidary | 5/15/2010 | 12/31/2013 |
Firstmerit - Moss Creek Ventures, Llc. | Subsidary | 12/11/2001 | 5/1/2012 |
Cumberland Trail Development, Llc | Subsidary | 6/24/2005 | 1/1/2012 |
Cumberland Trail Golf Course, Llc | Subsidary | 6/24/2005 | 1/1/2012 |
Mbtc Investment Company | Subsidary | 5/15/2010 | 12/31/2010 |
G. W. S. B., Llc | Subsidary | 2/20/2010 | 12/31/2010 |
Firstmerit Securities Inc. | Subsidary | 8/25/1993 | 6/29/2007 |
Firstmerit Equipment Finance, Inc. | Subsidary | 5/1/1993 | 6/29/2007 |
Firstmerit Mortgage Corporation | Subsidary | 3/21/1998 | 6/29/2007 |
Firstmerit Insurance Agency, Inc. | Subsidary | 3/21/1998 | 6/29/2007 |
Mobile Consultants, Inc. | Subsidary | 11/30/1999 | 6/29/2007 |
Firstmerit Insurance Group, Inc. | Subsidary | 10/14/1997 | 6/29/2007 |
Fmrc, Inc | Subsidary | 2/12/1999 | 6/29/2007 |
Firstmerit Mortgage Reinsurance Co. Inc. | Subsidary | 10/1/2000 | 6/29/2007 |
Firstmerit Advisors, Inc. | Subsidary | 12/4/2002 | 6/29/2007 |
Signal Finance Co. | Subsidary | 2/13/1999 | 1/24/2007 |
Fmsc, Inc. | Subsidary | 2/13/1999 | 12/31/2006 |
Fms, Inc. | Subsidary | 9/29/2000 | 12/22/2005 |
Alpha Equipment Group, Inc. | Subsidary | 2/13/1999 | 2/8/2004 |
Firstmerit Commercial Insurance Agency, Inc. | Subsidary | 2/13/1999 | 10/2/2002 |
Home Financial Services Corp. | Subsidary | 2/13/1999 | 2/7/2001 |
Professional Appraisal Services Corp. | Subsidary | 2/13/1999 | 2/7/2001 |
Opn Inc. | Subsidary | 10/14/1997 | 12/21/2000 |
Firstmerit Mortgage Corporation | Subsidary | 10/15/1997 | 3/20/1998 |
Firstmerit Mortgage Corporation | Subsidary | 12/1/1995 | 10/14/1997 |
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