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

This bank is inactive as of August 17, 1996

Mercantile Bank of Clinton in Clinton, Iowa (IA)
Show street view No street view available for this location

Mercantile Bank of Clinton - Overview

General
FDIC Certificate #: 4438
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
Federal Reserve ID: 207649
Date Established: Febuary 01, 1870
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 9408
FDIC's unique #: 2931
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: August 17, 1996
Last Structure Change Process Date: August 28, 1996
Last Data Update: August 28, 1996
Data Source Date: April 05, 2012
Location
Address: 405 South Third Street, Clinton, IA 52732
County: Clinton
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Clinton, IA (#17540)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $79.3 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)
$35Total assets
$84,433Cash and due from depository institutions
$4,382Interest-bearing balances
$162Securities
$21,404Federal funds sold & reverse repurchase agreements
$6,030Net loans & leases
$49,472Loan loss allowance
$559Trading account assets
$0Bank premises and fixed assets
$1,278Other real estate owned
$0Goodwill and other intangibles
$1,867Life insurance assets
$0All other assets
$0Total liabilities and capital
$84,433Total liabilities
$76,886Total deposits
$73,265Interest-bearing deposits
$65,895Deposits held in domestic offices
73265.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,201Subordinated debt
$0All other liabilities
$420Total equity capital
$420Total bank equity capital
$7,547Perpetual preferred stock
$0Common stock
$600Surplus
$3,740Undivided profits
Memoranda
$3,207Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$174Income earned, not collected on loans
$285Earning assets
$77,068Long-term assets (5+ years)
$11,138Average Assets, year-to-date
$83,668Average Assets, quarterly
$83,668Volatile liabilities
$3,746Insider loans
$3,651FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$28,877Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,897Total risk weighted assets
$50,021Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,812Total interest expense
$2,661Net interest income
$3,151Provision for loan and lease losses
$155Total noninterest income
$874Fiduciary activities
$0Service charges on deposit accounts
$317Trading account gains & fees
$0Additional noninterest income
$557Total noninterest expense
$2,951Salaries and employee benefits
$890Premises and equipment expense
$382Additional noninterest expense
$1,679Pre-tax net operating income
$919Securities gains (losses)
$11Applicable income taxes
$149Income before extraordinary items
$781Extraordinary gains - net
$0Net income attributable to bank
$781Net charge-offs
$130Cash dividends
$2,200Sale, 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
7.63%Cost of funding earning assets
3.49%Net interest margin
4.14%Noninterest income to earning assets
1.15%Noninterest expense to earning assets
3.87%Net operating income to assets
0.92%Return on assets (ROA)
0.93%Pretax return on assets
1.11%Return on equity (ROE)
9.34%Retained earnings to average equity (YTD only)
-16.98%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
119.23%Efficiency ratio
73,317Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
281.69%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
321.26%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.35%Net loans and leases to deposits
67.52%Net loans and leases to core deposits
71.16%Equity capital to assets
8.94%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
13.79%Total risk-based capital ratio
Memoranda
$15Average assets
$83,668Average earning assets
$8,359Average equity
$76,155Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mercantile Bank of Clinton.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.