Mercantile Bank in Hardy, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1995

Mercantile Bank in Hardy, Arkansas (AR)
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Mercantile Bank - Overview

General
FDIC Certificate #: 23117
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of Northeast Arkansas (#84)
Federal Reserve ID: 938943
Date Established: October 12, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10554
FDIC's unique #: 16193
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 02, 1980
Last Structure Change Effective Date: March 01, 1995
Last Structure Change Process Date: March 08, 1995
Last Data Update: March 08, 1995
Data Source Date: April 05, 2012
Location
Address: Federal Highway 63 And 167, Hardy, AR 72542
County: Sharp
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $28.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$15Total assets
$28,806Cash and due from depository institutions
$2,181Interest-bearing balances
$144Securities
$3,777Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$21,123Loan loss allowance
$237Trading account assets
$0Bank premises and fixed assets
$1,172Other real estate owned
$33Goodwill and other intangibles
$317Life insurance assets
$203All other assets
$0Total liabilities and capital
$28,806Total liabilities
$26,850Total deposits
$23,963Interest-bearing deposits
$20,527Deposits held in domestic offices
23963.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$1,958Trading liabilities
$0Other borrowed funds
$745Subordinated debt
$0All other liabilities
$184Total equity capital
$184Total bank equity capital
$1,956Perpetual preferred stock
$0Common stock
$260Surplus
$1,265Undivided profits
Memoranda
$431Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$48Income earned, not collected on loans
$131Earning assets
$25,044Long-term assets (5+ years)
$3,840Average Assets, year-to-date
$25,847Average Assets, quarterly
$28,032Volatile liabilities
$4,795Insider loans
$201FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,474Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,779Total risk weighted assets
$16,924Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,694Total interest expense
$671Net interest income
$1,023Provision for loan and lease losses
$41Total noninterest income
$171Fiduciary activities
$0Service charges on deposit accounts
$132Trading account gains & fees
$0Additional noninterest income
$39Total noninterest expense
$874Salaries and employee benefits
$359Premises and equipment expense
$123Additional noninterest expense
$392Pre-tax net operating income
$279Securities gains (losses)
-$22Applicable income taxes
$98Income before extraordinary items
$159Extraordinary gains - net
$0Net income attributable to bank
$159Net charge-offs
$9Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.44%Cost of funding earning assets
2.95%Net interest margin
4.49%Noninterest income to earning assets
0.75%Noninterest expense to earning assets
3.84%Net operating income to assets
0.67%Return on assets (ROA)
0.62%Pretax return on assets
0.99%Return on equity (ROE)
8.35%Retained earnings to average equity (YTD only)
8.35%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
455.56%Efficiency ratio
70,687Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
493.75%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.22%Net loans and leases to deposits
88.15%Net loans and leases to core deposits
97.22%Equity capital to assets
6.79%Core capital (leverage) ratio
6.34%Tier 1 risk-based capital ratio
10.51%Total risk-based capital ratio
Memoranda
$12Average assets
$25,847Average earning assets
$1,904Average equity
$22,761Average loans

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