# MERCHANTS COMMERCIAL BANK
ST THOMAS, VI · FDIC certificate 58184 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $506.0M | |
| Deposits | $393.7M | |
| Loans and leases | $236.9M | |
| Total equity | $31.9M | |
| Loans / deposits | 59.59% (p12 of band) | 82.04% |
| Liquid assets / assets | 50.24% (p92 of band) | |
| Uninsured deposits / deposits | 29.81% (p66 of band) | 25.97% |
| Brokered deposits | 18.45% | |
| Wholesale funding | 33.64% (p98 of band) | |
| FHLB advances / assets | 15.19% | |
| Tier 1 leverage | 10.79% (p50 of band) | 10.81% |
| Unrealized securities loss / equity | -77.09% (p2 of band) | -8.10% |
| AOCI / equity | 3.20% (p99 of band) | |
| ROA (annualized) | 1.91% (p84 of band) | 1.28% |
| Net interest margin | 3.62% (p34 of band) | 3.91% |
| Efficiency ratio | 49.76% (p18 of band) | |
| Noncurrent loans | 1.76% (p86 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p20 of band) | |
| Reserve coverage of noncurrent | 56.39% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 57.22% (p62 of band) | |
| Auto loans | $856,000 (0.36% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 2.3% | |
| Employees | 39 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 | loans exceed deposits, liquid assets <10%, losing money | brokered >10% |
| 2011-09 | 6 |  |  |
| 2011-12 | 6 |  |  |
| 2012-03 | 4 | charge-offs p90 | loans exceed deposits, liquid assets <10%, losing money |
| 2012-06 | 6 | capital falling, losing money |  |
| 2012-09 | 5 |  | capital falling |
| 2012-12 | 5 |  |  |
| 2013-03 | 3 |  | charge-offs p90, losing money |
| 2013-06 | 5 | losing money, charge-offs p90 |  |
| 2013-09 | 4 |  | construction >100% equity |
| 2013-12 | 2 |  | losing money, charge-offs p90 |
| 2014-03 | 3 | capital falling |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 2 |  |  |
| 2014-12 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-03 | 3 |  | deposits shrinking, assets shrinking |
| 2015-06 | 3 | capital falling | uninsured deposits leaving |
| 2015-09 | 5 | losing money, charge-offs p90 |  |
| 2015-12 | 4 | construction >100% equity | capital falling, losing money |
| 2016-03 | 3 |  | charge-offs p90 |
| 2016-06 | 4 | capital falling |  |
| 2016-09 | 2 |  | construction >100% equity, capital falling |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | capital falling |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 | charge-offs p90 | capital falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | charge-offs p90 |
| 2018-06 | 3 | capital falling |  |
| 2018-09 | 2 |  | capital falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | uninsured deposits >50% |  |
| 2020-03 | 4 | capital falling |  |
| 2020-06 | 2 |  | uninsured deposits >50%, capital falling |
| 2020-09 | 1 |  | noncurrent p90 |
| 2020-12 | 2 | deposits shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2021-03 | 1 | uninsured deposits >50% | deposits shrinking, uninsured deposits leaving |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 0 |  | uninsured deposits >50%, capital falling |
| 2021-12 | 1 | uninsured deposits >50% |  |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 5 | capital falling, construction >100% equity |  |
| 2022-09 | 2 | wholesale funding >15% | AOCI drag >20% of equity, securities losses >30% of equity, capital falling, construction >100% equity |
| 2022-12 | 6 | brokered >10%, AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity |  |
| 2023-03 | 4 | uninsured deposits leaving | uninsured deposits >50%, AOCI drag >20% of equity, construction >100% equity |
| 2023-06 | 6 | construction >100% equity, deposits shrinking |  |
| 2023-09 | 1 |  | brokered >10%, securities losses >30% of equity, uninsured deposits leaving, construction >100% equity, deposits shrinking |
| 2023-12 | 6 | brokered >10%, securities losses >30% of equity, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2024-03 | 6 | AOCI drag >20% of equity, construction >100% equity | assets shrinking, uninsured deposits leaving |
| 2024-06 | 5 |  | deposits shrinking |
| 2024-09 | 7 | noncurrent p90, reserve under noncurrent, deposits shrinking, uninsured deposits leaving | AOCI drag >20% of equity, construction >100% equity |
| 2024-12 | 9 | AOCI drag >20% of equity, construction >100% equity, assets shrinking | deposits shrinking |
| 2025-03 | 7 |  | AOCI drag >20% of equity, assets shrinking |
| 2025-06 | 6 |  | uninsured deposits leaving |
| 2025-09 | 5 |  | construction >100% equity |
| 2025-12 | 5 |  |  |
| 2026-03 | 4 |  | noncurrent p90 |
| 2026-06 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2022-09-06 [Merchants Commercial Bank Names Valdamier Collens President - stthomassource.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQSzNkemZKVDlSX2NiekVyeWZfek5CNHF6QUpzajlVSl9INW43UU55X2MyX05oRHd6YjNFYjVfcXQ2XzVLRVdhUjg1emswcUVTdERraE9ja21CajY0cU9iQ2NHdzVqLTNSQ05zY0RLSzFEUmZRQjlXRmVWaFViSnpyNGFVd2VScW9vLXZYNjUtYTFuNGVacUc3MXhYMG5aay15a2JmMl9mRVpmUQ?oc=5) · stthomassource.com
- 2025-02-25 [Merchants Commercial Bank establishes scholarship in honor of Alda Monsanto - The Virgin Islands Daily News](https://news.google.com/rss/articles/CBMihwJBVV95cUxPRnlrTVNFSjFiZ1RzYzhRMnh1elBnRm5OR3E4X1BEeEpDQ3FfdHFiSEJBNnFjQTU5QU1qWDJkeWU3RVdqcW00NUNVUUlhdnpWRkRQMDBOMi1PTnNKbGdHRnhpRHlqQzlZZ3VNUnZEX2dkRlNZMzViRFd6TzNGX0pROU5xeWdWSVdLTjl3THhMUnFOWjVaRGZGTGZwQ19jQVNiOGdQby1tT0QyZlZYekRLb2xkRUtONEJiQ3Z4OGo2RDZXM0tWVzU3QS12eFNhSGFQOFh3bDM3eUI0WEg4N3YyYV9QbzV3SXVhLVFqa3JMSWVXZ2dmeVUtRW9ZeURTZm1vZlJyZU9hNA?oc=5) · The Virgin Islands Daily News
- 2025-01-10 [Alda Monsanto’s Passing Mourned by Merchants Commercial Bank and Virgin Islands Community - The Virgin Islands Consortium](https://news.google.com/rss/articles/CBMizwFBVV95cUxNU3ZCLUZQREtyX0FTWmlTY21ET3ZFWjlGYm5GMVIxbm8xRTFUMlA3Y2xLM3F6dVhPV1NHZGczQmtrYlRWaV9HSUhacFBHcVBqRU81UVFZdTc4cFZndTJ4U21LYXcwd2oyalVfSFUtV3E1MVA3cVVxalNrLXNFRnlKZjFPUmNNV0NwU2hRMWhnbExkZkR5TzdrRlBsTW5id0NSSzYzeVQ5a1FORDdsbnRMcXZ1V3FxWTRNWkwzT3RjMTUwTUhhemVFaDhoejBPNVU?oc=5) · The Virgin Islands Consortium
- 2022-11-30 [Merchants Commercial Bank to Host an Informational Workshop on Employee Retention Tax Credits - stcroixsource.com](https://news.google.com/rss/articles/CBMiywFBVV95cUxQeEVMMEhFc3NGRnJEOE1XeGZ4dWh4WHBPY0p4SjZJZGlVSTBrQ1dXb2pIUVFlbHJUVzZGQ2ZzcHFqMTNkN2ZLU2xQVnFjcFRvc001aENEczhWQU8xSVlwc0EyU2EtbGdKTWpDOS16ZmRYTTI0SFdxRDdOUnZURmxVNW9TcldINnlvbWlUU0hJbzUxUHY4Z0tKRW5OWXJpQm9RcWNQbXZla19zUTM2T1lsRWpiSXJ0X1dyR1UtNXJzNXZ5UGEtdmFfX2Y1WQ?oc=5) · stcroixsource.com
- 2012-10-31 [Top Banks in the Virgin Islands for Business and Personal Banking - Global Banking & Finance Review](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPU2lyT0RodExIcW1NWnhJZTdaZzkyVlg0enUyVHVveHlTR2Y2a2VHbTVSOUZUZ0JvS0xiQXVwRHUteFI2UUtNbHRFVXhLbzFtTVo3eXZrNE8yd3hfY2NTVVl3Z2MtMGtldUNEWUhDeER6UGhXUXJ3aHhmU1JZcVdxOGRZWXpyUmpRVUZv?oc=5) · Global Banking &amp; Finance Review
- 2023-03-17 [Merchants Commercial Bank Enters MOA to Refer Applications for Moderate-Income Homeownership - stthomassource.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQckhMVlQyMmpDbHIxaVkyT0p0NnQ0bElCdHNsUVBialdJN2RsWjZURkdncXVZN2tYSWJ4ZkhnekZuM0s5UnFpNGdHcXIxQ28wUEI5NWZucXF0NmpLLTFZTnFQWGlwRm5ZZXhWQjd6dl9OVzdrYkxBa2FUNml4V1VxQ0EtMVZveDM4YXpKRnBGYTEyNTl0X19kS0ZTRS1UekJ3bmJwTEMydEVWNFNwYUxzM2o1S2N0WW9EMXp5bkZic0xtRmx1VW51a2ZmbDJ4QnQzd1FmMW93?oc=5) · stthomassource.com
- 2025-02-25 [Merchants Commercial Bank Establishes Alda Monsanto Scholarship to Support Future Financial Leaders - The Virgin Islands Consortium](https://news.google.com/rss/articles/CBMi8AFBVV95cUxPbmowRy1pQS1Id0Y0SG5SdElJcFU2eVV4NWJid25RN09zeWZ3Q0k4ZnN0ejItclprdFZscXBoRU9oV21lQVJKWUlWYngteWZPTE9oRVhvUnVXOU40SnlfOG43U3p1bzRtS21lMlBVWkV4WWxETzlWX2hnWVEzX2VjSWFwYVUxSWY4bk1sODR2QlZEX0RJMzNWcE9lUFRmd2NNSTRsQ1dFblAxYlY2RTJJU0pZTlVZVGl5SnZtRWFXb2txTnZuWHFwVUJNLXV5LThnRjBQczAwa1dCVHRpOTVCWkE1c3BRMFFTaG5LRVN0SUE?oc=5) · The Virgin Islands Consortium
- 2025-02-17 [CFVI announces three newest members of its all-volunteer board - The Virgin Islands Daily News](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNM3JMY0NEUXk1dkFUMjFGUFpuMWFKTVVHZUJ6X0ZTRGYtdndLTlRtaDU1UkJvb0ZLcmFNSkJ4U25BS1ZmUlhrNVVaUWtNWEhLSFZyTVlhUjVva09YdlIxNDJvSXgweGJsZDFnZktfaXNfcUxuZFdVbm9GUTBFWG5yMnNMUThyODdDOF9pb0ZWVHRTZ1BaYmRoSGpJODJjSFN5ekpCdUhQWHo1TU5FMmZYSDl3MEVIV1ZYNnBTdzlZYW85a3hOaXZLcEVGc05uRDliMmsxRnZjbENYQzVqUXpBVWhYX2RPQQ?oc=5) · The Virgin Islands Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58184 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/8.json (key "58184", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide