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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