Mercantile Bank of Centerville in Centerville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 1996

Mercantile Bank of Centerville in Centerville, Iowa (IA)
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Mercantile Bank of Centerville - Overview

General
FDIC Certificate #: 4431
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank MidWest (#1549)
Federal Reserve ID: 862543
Date Established: September 15, 1876
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 2927
Numeric code: 21
Regulator: FDIC
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: September 14, 1996
Last Structure Change Process Date: October 07, 1996
Last Data Update: October 07, 1996
Data Source Date: April 05, 2012
Location
Address: 100 East Jackson Boulevard, Centerville, IA 52544
County: Appanoose
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $64.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$66,228Cash and due from depository institutions
$1,642Interest-bearing balances
$0Securities
$23,685Federal funds sold & reverse repurchase agreements
$4,150Net loans & leases
$34,179Loan loss allowance
$495Trading account assets
$0Bank premises and fixed assets
$546Other real estate owned
$0Goodwill and other intangibles
$1,263Life insurance assets
$763All other assets
$0Total liabilities and capital
$66,228Total liabilities
$59,670Total deposits
$58,047Interest-bearing deposits
$53,142Deposits held in domestic offices
58047.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$750Trading liabilities
$0Other borrowed funds
$520Subordinated debt
$0All other liabilities
$353Total equity capital
$353Total bank equity capital
$6,558Perpetual preferred stock
$0Common stock
$150Surplus
$3,600Undivided profits
Memoranda
$2,808Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$81Income earned, not collected on loans
$635Earning assets
$62,014Long-term assets (5+ years)
$6,429Average Assets, year-to-date
$67,013Average Assets, quarterly
$66,982Volatile liabilities
$2,808Insider loans
$479FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$25,855Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,693Total risk weighted assets
$38,631Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,810Total interest expense
$2,032Net interest income
$2,778Provision for loan and lease losses
$163Total noninterest income
$422Fiduciary activities
$0Service charges on deposit accounts
$285Trading account gains & fees
$0Additional noninterest income
$137Total noninterest expense
$1,817Salaries and employee benefits
$684Premises and equipment expense
$182Additional noninterest expense
$951Pre-tax net operating income
$1,220Securities gains (losses)
$20Applicable income taxes
$452Income before extraordinary items
$788Extraordinary gains - net
$0Net income attributable to bank
$788Net charge-offs
-$8Cash dividends
$1,500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.79%Cost of funding earning assets
3.29%Net interest margin
4.50%Noninterest income to earning assets
0.68%Noninterest expense to earning assets
2.94%Net operating income to assets
1.16%Return on assets (ROA)
1.18%Pretax return on assets
1.85%Return on equity (ROE)
11.40%Retained earnings to average equity (YTD only)
-10.30%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-2037.50%Efficiency ratio
55,000Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
190.36%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
611.11%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.23%Net loans and leases to deposits
58.88%Net loans and leases to core deposits
60.48%Equity capital to assets
9.90%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
14.74%Total risk-based capital ratio
Memoranda
$16Average assets
$67,013Average earning assets
$6,913Average equity
$61,757Average loans

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