First Mercantile Bank, National Association in city_name, state_name

First Mercantile Bank, National Association in Dallas, Texas (TX)
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First Mercantile Bank, National Association - Overview

General
FDIC Certificate #: 34625
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 2649168
Date Established: January 29, 1998
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
OTS Docket #: 16094
FDIC's unique #: 60848
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 29, 1998
Last Structure Change Effective Date: March 29, 2002
Last Structure Change Process Date: April 30, 2002
Last Data Update: April 30, 2002
Data Source Date: April 05, 2012
Location
Address: 6071 Sherry Lane, Dallas, TX 75225
County: Dallas
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $360.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2001)

Dollar figures in thousands
108Total employees (full-time equivalent)
$359,952Total assets
$17,374Cash and due from depository institutions
$0Interest-bearing balances
$47,462Securities
$9,313Federal funds sold & reverse repurchase agreements
$264,603Net loans & leases
$3,348Loan loss allowance
$0Trading account assets
$4,501Bank premises and fixed assets
$705Other real estate owned
$9,355Goodwill and other intangibles
$0Life insurance assets
$6,639All other assets
$359,952Total liabilities and capital
$329,057Total liabilities
$312,594Total deposits
$234,997Interest-bearing deposits
$312,594Deposits held in domestic offices
0.00%% insured (estimated)
$2,785Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$1,678All other liabilities
$30,895Total equity capital
$30,895Total bank equity capital
$30,895Perpetual preferred stock
$0Common stock
$3,500Surplus
$25,115Undivided profits
Memoranda
$2,280Noncurrent loans and leases
$48,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$397Earning assets
$0Long-term assets (5+ years)
$1,631Average Assets, year-to-date
$321,378Average Assets, quarterly
$80,254Volatile liabilities
$265,409Insider loans
$352,845FHLB advances
$61,208Loans and leases held for sale
$6,628Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,455Total risk weighted assets
$48,164Total unused commitments
$0Restructured Loans and leases
$3,348Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$18,803Total interest income
$7,153Total interest expense
$11,650Net interest income
$1,941Provision for loan and lease losses
$2,183Total noninterest income
$0Fiduciary activities
$670Service charges on deposit accounts
$0Trading account gains & fees
$1,513Additional noninterest income
$10,198Total noninterest expense
$5,622Salaries and employee benefits
$1,705Premises and equipment expense
$2,871Additional noninterest expense
$1,694Pre-tax net operating income
$61Securities gains (losses)
$524Applicable income taxes
$1,231Income before extraordinary items
$0Extraordinary gains - net
$1,231Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$237Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
2.98%Cost of funding earning assets
4.85%Net interest margin
0.91%Noninterest income to earning assets
4.25%Noninterest expense to earning assets
0.45%Net operating income to assets
0.46%Return on assets (ROA)
0.66%Pretax return on assets
5.42%Return on equity (ROE)
5.42%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
818.99%Credit loss provision to net charge-offs
15.34%Efficiency ratio
73,419Assets per employee
3.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
843.32%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.15%Net loans and leases to deposits
84.65%Net loans and leases to core deposits
103.70%Equity capital to assets
8.58%Core capital (leverage) ratio
6.46%Tier 1 risk-based capital ratio
7.63%Total risk-based capital ratio
Memoranda
$9Average assets
$265,409Average earning assets
$22,692Average equity
$240,022Average loans

First Mercantile Bank, National Association in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Mercantile Bank, National Association - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Mercantile Bank, National Association in Dallas, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

First Mercantile Bank, National Association - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Mercantile Bank, National Association in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches