Mercantile Bank in Orlando, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2007

  • Mercantile Bank in Orlando, Florida (FL)
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Mercantile Bank - Overview

  • General
  • FDIC Certificate #: 27515
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Carolina First Bank (#26849)
    Federal Reserve ID: 1396652
    Date Established: June 05, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 71 (Interstate: No)
    FDIC's unique #: 40248
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 05, 1989
    Last Structure Change Effective Date: July 01, 2007
    Last Structure Change Process Date: July 17, 2007
    Last Data Update: July 17, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Orange Avenue, Orlando, FL 32801
    County: Orange
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $5,659.0 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, 2006)

  • Dollar figures in thousands
  • 664Total employees (full-time equivalent)
  • $5,639,528Total assets
  • $109,645Cash and due from depository institutions
  • $526Interest-bearing balances
  • $910,401Securities
  • $7,500Federal funds sold & reverse repurchase agreements
  • $3,872,524Net loans & leases
  • $42,014Loan loss allowance
  • $0Trading account assets
  • $62,399Bank premises and fixed assets
  • $284Other real estate owned
  • $465,708Goodwill and other intangibles
  • $96,494Life insurance assets
  • $211,067All other assets
  • $5,639,528Total liabilities and capital
  • $4,777,455Total liabilities
  • $3,722,087Total deposits
  • $3,164,689Interest-bearing deposits
  • $3,722,087Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $694,970Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $191,954Other borrowed funds
  • $90,000Subordinated debt
  • $78,444All other liabilities
  • $862,073Total equity capital
  • $862,073Total bank equity capital
  • $862,073Perpetual preferred stock
  • $0Common stock
  • $9,369Surplus
  • $725,215Undivided profits
  • Memoranda
  • $127,489Noncurrent loans and leases
  • $874,251Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,977Earning assets
  • $0Long-term assets (5+ years)
  • $26,314Average Assets, year-to-date
  • $4,790,951Average Assets, quarterly
  • $1,235,241Volatile liabilities
  • $5,696,272Insider loans
  • $5,620,605FHLB advances
  • $1,829,222Loans and leases held for sale
  • $45,397Unused loan commitments
  • $58,113Tier 1 (core) risk-based capital
  • $692,021Tier 2 risk-based capital
  • $2,834Total risk weighted assets
  • $874,251Total unused commitments
  • $0Restructured Loans and leases
  • $132,213Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $338,369Total interest income
  • $170,671Total interest expense
  • $167,698Net interest income
  • $7,091Provision for loan and lease losses
  • $40,727Total noninterest income
  • $240Fiduciary activities
  • $15,505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24,982Additional noninterest income
  • $127,544Total noninterest expense
  • $46,059Salaries and employee benefits
  • $14,671Premises and equipment expense
  • $66,814Additional noninterest expense
  • $73,790Pre-tax net operating income
  • $80Securities gains (losses)
  • $21,941Applicable income taxes
  • $51,929Income before extraordinary items
  • $0Extraordinary gains - net
  • $51,929Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8,780Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.05%Yield on earning assets
  • 3.55%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 6.25%Return on equity (ROE)
  • 6.25%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 80.76%Credit loss provision to net charge-offs
  • 9.21%Efficiency ratio
  • 58,891Assets per employee
  • 8.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 280.52%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 104.04%Net loans and leases to core deposits
  • 149.64%Equity capital to assets
  • 15.29%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 9.11%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $5,696,272Average earning assets
  • $831,034Average equity
  • $4,801,566Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $36,146Managed Assets
  • 1Number of Accounts
  • $36,146Personal trust and agency accounts
  • $12,193Employee benefit-defined contribution accounts
  • $452Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,397Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,104Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 53Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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