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

This bank is inactive as of September 14, 1996

  • Mercantile Bank of Chariton in Chariton, Iowa (IA)
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Mercantile Bank of Chariton - Overview

  • General
  • FDIC Certificate #: 14519
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank MidWest (#1549)
    Federal Reserve ID: 202943
    Date Established: April 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 9072
    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: June 26, 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: 917 Braden Street, Chariton, IA 50049
    County: Lucas
    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: $39.9 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)
  • $13Total assets
  • $41,229Cash and due from depository institutions
  • $1,730Interest-bearing balances
  • $0Securities
  • $11,142Federal funds sold & reverse repurchase agreements
  • $2,000Net loans & leases
  • $25,408Loan loss allowance
  • $436Trading account assets
  • $0Bank premises and fixed assets
  • $202Other real estate owned
  • $0Goodwill and other intangibles
  • $747Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $41,229Total liabilities
  • $37,455Total deposits
  • $36,992Interest-bearing deposits
  • $34,321Deposits held in domestic offices
  • 36992.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $20Trading liabilities
  • $0Other borrowed funds
  • $41Subordinated debt
  • $0All other liabilities
  • $402Total equity capital
  • $402Total bank equity capital
  • $3,774Perpetual preferred stock
  • $0Common stock
  • $375Surplus
  • $1,625Undivided profits
  • Memoranda
  • $1,774Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37Income earned, not collected on loans
  • $438Earning assets
  • $38,550Long-term assets (5+ years)
  • $3,377Average Assets, year-to-date
  • $41,363Average Assets, quarterly
  • $41,306Volatile liabilities
  • $1,861Insider loans
  • $520FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,778Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,698Total risk weighted assets
  • $27,846Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,096Total interest expense
  • $1,397Net interest income
  • $1,699Provision for loan and lease losses
  • $140Total noninterest income
  • $296Fiduciary activities
  • $0Service charges on deposit accounts
  • $180Trading account gains & fees
  • $0Additional noninterest income
  • $116Total noninterest expense
  • $1,089Salaries and employee benefits
  • $436Premises and equipment expense
  • $129Additional noninterest expense
  • $524Pre-tax net operating income
  • $766Securities gains (losses)
  • $14Applicable income taxes
  • $252Income before extraordinary items
  • $528Extraordinary gains - net
  • $0Net income attributable to bank
  • $528Net charge-offs
  • $8Cash dividends
  • $501Sale, 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
  • 7.98%Cost of funding earning assets
  • 3.60%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 0.76%Noninterest expense to earning assets
  • 2.81%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 1.89%Return on equity (ROE)
  • 14.15%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 1750.00%Efficiency ratio
  • 54,586Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.89%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 1178.38%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 68.69%Net loans and leases to core deposits
  • 72.20%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 13.28%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $41,363Average earning assets
  • $3,732Average equity
  • $38,819Average loans

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