Mercantile Bank of Centralia in Centralia, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1996

Mercantile Bank of Centralia in Centralia, Illinois (IL)
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Mercantile Bank of Centralia - Overview

General
FDIC Certificate #: 3780
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Illinois (#10025)
Federal Reserve ID: 619644
Date Established: January 01, 1865
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 2443
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: January 01, 1934
Last Structure Change Effective Date: May 17, 1996
Last Structure Change Process Date: June 13, 1996
Last Data Update: June 13, 1996
Data Source Date: April 05, 2012
Location
Address: 235 North Elm Street, Centralia, IL 62801
County: Marion
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Centralia, IL (#16460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $94.7 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)
$50Total assets
$94,826Cash and due from depository institutions
$2,158Interest-bearing balances
$0Securities
$21,535Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$68,355Loan loss allowance
$1,670Trading account assets
$0Bank premises and fixed assets
$1,892Other real estate owned
$0Goodwill and other intangibles
$886Life insurance assets
$0All other assets
$0Total liabilities and capital
$94,826Total liabilities
$84,616Total deposits
$81,646Interest-bearing deposits
$70,556Deposits held in domestic offices
81646.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$2,209Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$761Total equity capital
$761Total bank equity capital
$10,210Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,500Undivided profits
Memoranda
$7,210Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$328Income earned, not collected on loans
$432Earning assets
$89,890Long-term assets (5+ years)
$2,990Average Assets, year-to-date
$92,325Average Assets, quarterly
$93,260Volatile liabilities
$4,348Insider loans
$167FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,563Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,068Total risk weighted assets
$66,278Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,207Total interest expense
$2,722Net interest income
$4,485Provision for loan and lease losses
$140Total noninterest income
$855Fiduciary activities
$377Service charges on deposit accounts
$309Trading account gains & fees
$0Additional noninterest income
$169Total noninterest expense
$2,824Salaries and employee benefits
$1,366Premises and equipment expense
$392Additional noninterest expense
$1,066Pre-tax net operating income
$2,376Securities gains (losses)
$0Applicable income taxes
$819Income before extraordinary items
$1,557Extraordinary gains - net
$0Net income attributable to bank
$1,557Net charge-offs
$248Cash dividends
$1,300Sale, 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
8.20%Cost of funding earning assets
3.10%Net interest margin
5.11%Noninterest income to earning assets
0.97%Noninterest expense to earning assets
3.21%Net operating income to assets
1.69%Return on assets (ROA)
1.69%Pretax return on assets
2.57%Return on equity (ROE)
15.66%Retained earnings to average equity (YTD only)
2.59%Net charge-offs to loans
0.39%Credit loss provision to net charge-offs
56.45%Efficiency ratio
52,884Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.49%Loss allowance to loans
2.38%Loss allowance to noncurrent loans
509.15%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.47%Net loans and leases to deposits
83.72%Net loans and leases to core deposits
85.97%Equity capital to assets
10.77%Core capital (leverage) ratio
10.68%Tier 1 risk-based capital ratio
15.19%Total risk-based capital ratio
Memoranda
$16Average assets
$92,325Average earning assets
$9,940Average equity
$87,845Average loans

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