Meridian Bank
Eldred, IL — Non-member Bank
Acquired Oct 2008
Vitals
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Total Assets38.2M -21.2 %
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Total Deposits36.1M -15.1 %
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Total Net Loans25.0M -5.7 %
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Net Income
-
Book Value1.9M -57.0 %
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Book Value x23.8M -57.0 %
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Book Value x35.6M -57.0 %
Balance Sheet Highlights
Financial Highlights | Meridian Bank | All Insured Commercial Banks in Illinois |
Balance Sheet $(000) | ||
Total Assets | 38,223 | 201,187 |
Total Net Loans | 25,019 | 140,220 |
Total Deposits | 36,090 | 166,275 |
Total Equity | 1,878 | 19,551 |
Profitability | ||
Net Income | — | 3,648 |
Return on Average Assets | — | 1.019 |
Return on Average Equity | — | 9.838 |
Net Interest Margin | 3.106 | 3.558 |
Efficiency Ratio | 152.192 | 68.193 |
Noninterest Income/Revenue | 12.73 | 10.985 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 69.324 | 77.674 |
Securities/Assets | .106 | .646 |
Total Equity/Total Assets | .049 | .097 |
Tangible Equity/Tangible Assets | .017 | -.332 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 346 | 18,698 |
Tier 2 Capital | 346 | 1,621 |
Total Capital | 692 | 20,396 |
Total Risk Weighted Assets | 28,850 | 153,156 |
Leverage Ratio | .84 | 10.024 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 1.2 | 14.42 |
Total Capital Ratio | 2.4 | 15.433 |
Timeline for Meridian Bank
Meridian Bank
Meridian Bank was established 113 years ago and is currently headquartered in Eldred, IL.
Oct 12 1910Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
National Bank | Buyer | 334,430 | Failure | 10/11/2008 |
Relationships | Role | Relationship Start | Relationship End |
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