🏦Bank Scorer

This institution is no longer active

Operations ceased on June 21, 2024. CRA examination history below reflects the period it was active.

MERCHANTS AND MANUFACTURERS BANK

JOLIET, IL · Supervised by FDIC

Est. 1969FDIC #20,040RSSD: FDIC-20040
Part ofMERCHANTS&MANUFACTURERS BK→ View all charters
Satisfactory Up

Current rating · Exam: December 2022

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.31%

Institution Profile

FDIC BankFind

Address

601 E Cass St, JOLIET, IL

County

Will County

Established

September 24, 1969

Total Assets

$478M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

December 1, 2022

Exam Type

Strategic Plan

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Dec 2026(based on asset size)

Financial Snapshot

As of Q1 2024Call Report / FDIC

Total Assets

$478M

Total Deposits

$393M

Net Loans

$422M

Net Income

$2M

ROA

1.31%

ROE

15.37%

Risk-Based Capital

10.87%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate21.05%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20241973.68%21.05%
20237792.21%3.90%
20227290.28%1.39%
20216692.42%3.03%
20205188.24%9.80%
201917100%0.00%
201819100%0.00%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

8 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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