Merchants Commercial Bank
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Data as of · sourced from FFIEC call reports. How we update
Merchants Commercial Bank is an FDIC-insured commercial bank headquartered in Saint Thomas, VI, established in 2006 (FDIC certificate 58184), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $506.0M, up 4.2% from Q2 2025. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.79% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58184
- Headquarters
- Saint Thomas, VI
- Established
- 2006
- Total assets, Q2 2026
- $506.0M
- Assets vs Q2 2025
- +4.2%
- Tier 1 leverage ratio, Q2 2026
- 10.79%
- Domestic offices
- 0 FDIC institution directory, current count
- Routing number
- 021606742
- Latest call report
- Q2 2026, FFIEC 051 · Merchants Commercial Bank call report
Merchants Commercial Bank is one of the more profitable banks of its size. Based in Saint Thomas, VI, it had $506 million in assets at June 30, 2026, up 4.2% from a year earlier. It returns 32.9% a year on shareholders' equity, 2.6 times the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 18.5% over the year, about triple the median of 5.5% for banks its size. Much of that comes from cost control: it spends about 48 cents to bring in each dollar of revenue.
Loans are outrunning deposits: over the year loans rose 18.5% and deposits rose 2.3%. Paper losses on its bond portfolio are shrinking: unrealized losses of $25 million equal 43% of Tier 1 capital, down from 68% a year earlier. Credit is the area to watch: it carries problem assets equal to 12.2% of the capital and reserves that would absorb them, 4.6 times the median of 2.6% for banks its size.
As of June 30, 2026, Merchants Commercial Bank reported a return on assets of 1.82%, a nonperforming-loan ratio of 1.76% and a Texas ratio of 12.16%. The figures come from its call report filed with the FFIEC.
Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.8% to $506.0M, loans rose 4.7% and deposits fell 4.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 49.7% of total loans, followed by non-owner-occupied commercial real estate loans at 24.8%. Its 2 offices in the FDIC Summary of Deposits are in St Thomas, VI and St John, VI; its St Thomas office books 81% of its branch deposits. On its Q2 2026 call report, Merchants Commercial Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 4608 Tutu Park Mall, Saint Thomas, VI 00802
- County
- Saint Thomas
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 30, 2006
- Employees (FTE)
- 39
- Domestic deposits
- $393.7M
- Allowance for credit losses
- $2.3M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $531.4M
- Average total loans
- $237.9M
- Average interest-bearing deposits
- $228.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 30, 2006
- FDIC Cert
- 58184
- Fed RSSD
- 3487433
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Merchants Commercial Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Merchants Commercial Bank's total assets ranged from $440.2M (Q3 2023) to $526.1M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$506.0M total assets against $485.8M; $474.1M total liabilities against $469.6M.
$234.6M net loans and leases against $197.7M; $393.7M total deposits against $384.7M.
$232.3M securities against $247.8M; $21.9M cash and balances due against $22.4M.
$6.7M total interest income against $6.5M; $2.3M total interest expense against $2.4M.
$4.4M net interest income against $4.1M.
$486K total noninterest income against $436K; $2.5M total noninterest expense against $2.2M.
$39K provision for credit losses against $0.
$2.4M net income against $2.3M.
1.82% return on assets against 1.76%; 3.54% net interest margin against 3.35%.
10.79% tier 1 leverage ratio against 10.12%.
Inside the full Merchants Commercial Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMerchants Commercial Bank rankings
Its closest position to the top of a national ranking is 465 of 3,640, for Texas Ratio; its furthest is 1,765 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.55% (Q4 2025) to 2.08% (Q3 2024) and its net interest margin ran from 3.33% (Q1 2025) to 3.64% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.79% | 1.82% | 1.76% | 12.16% | 3.54% |
| Q1 2026 | 10.75% | 1.84% | 1.84% | 14.17% | 3.47% |
| Q4 2025 | 10.71% | 1.55% | 2.50% | 18.09% | 3.37% |
| Q3 2025 | 10.51% | 1.79% | 2.58% | 20.22% | 3.38% |
| Q2 2025 | 10.12% | 1.76% | 2.16% | 23.54% | 3.35% |
| Q1 2025 | 11.02% | 1.76% | 2.37% | 21.45% | 3.33% |
| Q4 2024 | 10.88% | 1.87% | 2.11% | 21.03% | 3.49% |
| Q3 2024 | 10.65% | 2.08% | 1.90% | 13.32% | 3.64% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Merchants Commercial Bank (main office) | St Thomas , VI | 00802 | $319.2M |
| St. John Branch | St John , VI | 00830 | $74.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 10.9% of deposits in VI, rank 3 of 5 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 5 loans, $1.4M approved, $284K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Merchants Commercial Bank
What are Merchants Commercial Bank's total assets?
As of the Q2 2026 filing, Merchants Commercial Bank reported total assets of $506.0 million in its FFIEC call report.
Where is Merchants Commercial Bank headquartered?
It is headquartered in Saint Thomas, VI, United States.
When was Merchants Commercial Bank founded?
It was established in 2006, per the FDIC institution directory.
Is Merchants Commercial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58184). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Merchants Commercial Bank?
Merchants Commercial Bank's primary federal regulator is the FDIC.
What is Merchants Commercial Bank's Texas Ratio?
Its Texas Ratio is 12.16% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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