Mercantile Bank MidWest in Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 12, 2000

  • Mercantile Bank MidWest in Des Moines, Iowa (IA)
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Mercantile Bank MidWest - Overview

  • General
  • FDIC Certificate #: 1549
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 842143
    Date Established: January 01, 1869
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 91 (Interstate: No)
    OTS Docket #: 10500
    FDIC's unique #: 1018
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 12, 2000
    Last Structure Change Process Date: May 30, 2000
    Last Data Update: May 30, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: East 5th And Locust Streets, Des Moines, IA 50309
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $3,086.9 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 970Total employees (full-time equivalent)
  • $3,180,901Total assets
  • $103,134Cash and due from depository institutions
  • $703Interest-bearing balances
  • $287,440Securities
  • $314,458Federal funds sold & reverse repurchase agreements
  • $2,334,054Net loans & leases
  • $46,777Loan loss allowance
  • $0Trading account assets
  • $47,010Bank premises and fixed assets
  • $670Other real estate owned
  • $7,986Goodwill and other intangibles
  • $0Life insurance assets
  • $86,149All other assets
  • $3,180,901Total liabilities and capital
  • $2,901,947Total liabilities
  • $2,816,006Total deposits
  • $2,516,189Interest-bearing deposits
  • $2,816,006Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $38,449Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,766Other borrowed funds
  • $0Subordinated debt
  • $36,726All other liabilities
  • $278,954Total equity capital
  • $278,954Total bank equity capital
  • $278,954Perpetual preferred stock
  • $0Common stock
  • $9,379Surplus
  • $245,220Undivided profits
  • Memoranda
  • $24,355Noncurrent loans and leases
  • $582,214Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $18,754Earning assets
  • $1,851Long-term assets (5+ years)
  • $19,841Average Assets, year-to-date
  • $2,936,655Average Assets, quarterly
  • $437,365Volatile liabilities
  • $3,497,171Insider loans
  • $3,282,220FHLB advances
  • $242,913Loans and leases held for sale
  • $837Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,937Total risk weighted assets
  • $582,214Total unused commitments
  • $0Restructured Loans and leases
  • $31,123Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $250,000Total interest income
  • $119,358Total interest expense
  • $130,642Net interest income
  • $4,062Provision for loan and lease losses
  • $38,633Total noninterest income
  • $7Fiduciary activities
  • $13,095Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25,531Additional noninterest income
  • $96,767Total noninterest expense
  • $41,777Salaries and employee benefits
  • $12,456Premises and equipment expense
  • $42,534Additional noninterest expense
  • $68,446Pre-tax net operating income
  • -$6,984Securities gains (losses)
  • $20,277Applicable income taxes
  • $41,185Income before extraordinary items
  • $0Extraordinary gains - net
  • $41,185Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,648Sale, conversion, retirement of capital stock, net
  • $21,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.73%Yield on earning assets
  • 3.69%Cost of funding earning assets
  • 4.04%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 7.38%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 87.39%Credit loss provision to net charge-offs
  • 15.60%Efficiency ratio
  • 56,474Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.99%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 249.42%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 82.89%Net loans and leases to core deposits
  • 89.12%Equity capital to assets
  • 8.77%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 11.06%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $3,497,171Average earning assets
  • $273,609Average equity
  • $3,234,937Average loans

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