Mercantile Bank of Conway County National Association in Morrilton, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 16, 1996

Mercantile Bank of Conway County National Association in Morrilton, Arkansas (AR)
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Mercantile Bank of Conway County National Association - Overview

General
FDIC Certificate #: 5616
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Arkansas National Association (#15086)
Federal Reserve ID: 548847
Date Established: November 30, 1930
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
FDIC's unique #: 3824
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 16, 1996
Last Structure Change Process Date: October 08, 1996
Last Data Update: October 08, 1996
Data Source Date: April 05, 2012
Location
Address: 119 North Division Street, Morrilton, AR 72110
County: Conway
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $91.0 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)
$39Total assets
$89,150Cash and due from depository institutions
$2,673Interest-bearing balances
$2Securities
$36,480Federal funds sold & reverse repurchase agreements
$3,625Net loans & leases
$43,816Loan loss allowance
$583Trading account assets
$0Bank premises and fixed assets
$1,701Other real estate owned
$0Goodwill and other intangibles
$855Life insurance assets
$0All other assets
$0Total liabilities and capital
$89,150Total liabilities
$81,760Total deposits
$80,952Interest-bearing deposits
$71,169Deposits held in domestic offices
80952.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$97Subordinated debt
$0All other liabilities
$711Total equity capital
$711Total bank equity capital
$7,390Perpetual preferred stock
$0Common stock
$1,005Surplus
$1,603Undivided profits
Memoranda
$4,782Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$510Income earned, not collected on loans
$364Earning assets
$83,923Long-term assets (5+ years)
$26,225Average Assets, year-to-date
$86,685Average Assets, quarterly
$88,838Volatile liabilities
$7,450Insider loans
$876FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,215Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,325Total risk weighted assets
$49,346Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,208Total interest expense
$2,889Net interest income
$3,319Provision for loan and lease losses
$123Total noninterest income
$434Fiduciary activities
$0Service charges on deposit accounts
$301Trading account gains & fees
$0Additional noninterest income
$133Total noninterest expense
$2,143Salaries and employee benefits
$1,033Premises and equipment expense
$260Additional noninterest expense
$850Pre-tax net operating income
$1,487Securities gains (losses)
$0Applicable income taxes
$369Income before extraordinary items
$1,118Extraordinary gains - net
$0Net income attributable to bank
$1,118Net charge-offs
$24Cash dividends
$518Sale, 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
7.61%Cost of funding earning assets
3.54%Net interest margin
4.07%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
2.63%Net operating income to assets
1.29%Return on assets (ROA)
1.29%Pretax return on assets
1.72%Return on equity (ROE)
17.20%Retained earnings to average equity (YTD only)
9.23%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
512.50%Efficiency ratio
57,101Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.33%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
114.31%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
1.15%Net loans and leases to deposits
54.13%Net loans and leases to core deposits
59.61%Equity capital to assets
8.29%Core capital (leverage) ratio
8.15%Tier 1 risk-based capital ratio
14.84%Total risk-based capital ratio
Memoranda
$16Average assets
$86,685Average earning assets
$6,499Average equity
$81,630Average loans

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