Mercantile Bank of Dubuque, National Association in Dubuque, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 04, 1997

  • Mercantile Bank of Dubuque, National Association in Dubuque, Iowa (IA)
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Mercantile Bank of Dubuque, National Association - Overview

  • General
  • FDIC Certificate #: 4451
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
    Federal Reserve ID: 599849
    Date Established: June 20, 1864
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 11629
    FDIC's unique #: 2941
    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: October 04, 1997
    Last Structure Change Process Date: January 08, 1998
    Last Data Update: January 08, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Locust At Seventh Street, Dubuque, IA 52001
    County: Dubuque
    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
    Metropolitan Statistical Area (MSA): Dubuque, IA (#2200)
    Core Based Statistical Area (CBSA): Dubuque, IA (#20220)
    CBSA Metro Statistical Area: Dubuque, IA (#20220)
  • Financial Summary
  • Total assets: $267.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $121Total assets
  • $268,331Cash and due from depository institutions
  • $13,239Interest-bearing balances
  • $161Securities
  • $74,282Federal funds sold & reverse repurchase agreements
  • $10,120Net loans & leases
  • $156,188Loan loss allowance
  • $4,993Trading account assets
  • $0Bank premises and fixed assets
  • $4,693Other real estate owned
  • $0Goodwill and other intangibles
  • $8,989Life insurance assets
  • $820All other assets
  • $0Total liabilities and capital
  • $268,331Total liabilities
  • $242,427Total deposits
  • $227,214Interest-bearing deposits
  • $205,211Deposits held in domestic offices
  • 227214.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $3,240Trading liabilities
  • $0Other borrowed funds
  • $7,298Subordinated debt
  • $0All other liabilities
  • $4,675Total equity capital
  • $4,675Total bank equity capital
  • $25,904Perpetual preferred stock
  • $0Common stock
  • $4,800Surplus
  • $6,718Undivided profits
  • Memoranda
  • $14,386Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $207Income earned, not collected on loans
  • $905Earning assets
  • $240,751Long-term assets (5+ years)
  • $21,091Average Assets, year-to-date
  • $270,653Average Assets, quarterly
  • $265,623Volatile liabilities
  • $22,130Insider loans
  • $14,469FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $82,839Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,721Total risk weighted assets
  • $180,385Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,421Total interest expense
  • $8,772Net interest income
  • $10,649Provision for loan and lease losses
  • $1,833Total noninterest income
  • $3,789Fiduciary activities
  • $1,619Service charges on deposit accounts
  • $837Trading account gains & fees
  • $0Additional noninterest income
  • $1,333Total noninterest expense
  • $9,801Salaries and employee benefits
  • $4,434Premises and equipment expense
  • $1,087Additional noninterest expense
  • $4,280Pre-tax net operating income
  • $2,804Securities gains (losses)
  • $34Applicable income taxes
  • $897Income before extraordinary items
  • $1,941Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,941Net charge-offs
  • $102Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.95%Cost of funding earning assets
  • 3.59%Net interest margin
  • 4.36%Noninterest income to earning assets
  • 1.55%Noninterest expense to earning assets
  • 4.01%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 1.05%Return on equity (ROE)
  • 7.90%Retained earnings to average equity (YTD only)
  • 7.90%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 1797.06%Efficiency ratio
  • 67,184Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 2412.08%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 68.74%Net loans and leases to core deposits
  • 72.98%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 13.70%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $270,653Average earning assets
  • $24,561Average equity
  • $244,141Average loans

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