Mercantile Bank National Association in Hartford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 12, 1997

  • Mercantile Bank National Association in Hartford, Illinois (IL)
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Mercantile Bank National Association - Overview

  • General
  • FDIC Certificate #: 4601
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mercantile Bank of St. Louis National Association (#13066)
    Federal Reserve ID: 626446
    Date Established: January 01, 1890
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 166 (Interstate: No)
    OTS Docket #: 14552
    FDIC's unique #: 3048
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 12, 1997
    Last Structure Change Process Date: December 29, 1997
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 140 West Hawthorne, Hartford, IL 62048
    County: Madison
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: St. Louis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $6,934.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $18Total assets
  • $38,485Cash and due from depository institutions
  • $1,473Interest-bearing balances
  • $0Securities
  • $8,116Federal funds sold & reverse repurchase agreements
  • $2,700Net loans & leases
  • $25,188Loan loss allowance
  • $529Trading account assets
  • $0Bank premises and fixed assets
  • $367Other real estate owned
  • $0Goodwill and other intangibles
  • $641Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $38,485Total liabilities
  • $34,455Total deposits
  • $34,077Interest-bearing deposits
  • $28,405Deposits held in domestic offices
  • 34077.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $378Total equity capital
  • $378Total bank equity capital
  • $4,030Perpetual preferred stock
  • $0Common stock
  • $1,720Surplus
  • $1,596Undivided profits
  • Memoranda
  • $714Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $134Income earned, not collected on loans
  • $329Earning assets
  • $36,004Long-term assets (5+ years)
  • $2,109Average Assets, year-to-date
  • $37,874Average Assets, quarterly
  • $38,220Volatile liabilities
  • $700Insider loans
  • $1,245FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,452Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,017Total risk weighted assets
  • $22,390Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,907Total interest expense
  • $1,001Net interest income
  • $1,906Provision for loan and lease losses
  • $0Total noninterest income
  • $287Fiduciary activities
  • $0Service charges on deposit accounts
  • $171Trading account gains & fees
  • $0Additional noninterest income
  • $116Total noninterest expense
  • $996Salaries and employee benefits
  • $549Premises and equipment expense
  • $104Additional noninterest expense
  • $343Pre-tax net operating income
  • $1,197Securities gains (losses)
  • $0Applicable income taxes
  • $444Income before extraordinary items
  • $753Extraordinary gains - net
  • $0Net income attributable to bank
  • $753Net charge-offs
  • -$16Cash dividends
  • $800Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.20%Cost of funding earning assets
  • 2.82%Net interest margin
  • 5.37%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 2.81%Net operating income to assets
  • 1.99%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 3.16%Return on equity (ROE)
  • 18.70%Retained earnings to average equity (YTD only)
  • -1.17%Net charge-offs to loans
  • -0.06%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 45,417Assets per employee
  • 2.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 106.24%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 394.78%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 73.91%Net loans and leases to core deposits
  • 75.47%Equity capital to assets
  • 10.47%Core capital (leverage) ratio
  • 10.66%Tier 1 risk-based capital ratio
  • 17.94%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $37,874Average earning assets
  • $4,027Average equity
  • $35,471Average loans

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