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

This bank is inactive as of August 22, 1998

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

  • General
  • FDIC Certificate #: 11758
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Trust Company, National Association (#33854)
    Federal Reserve ID: 374345
    Date Established: January 02, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 44 (Interstate: No)
    OTS Docket #: 14273
    FDIC's unique #: 7519
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 22, 1998
    Last Structure Change Process Date: September 14, 1998
    Last Data Update: September 14, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 425 Cedar Street, Waterloo, IA 50701
    County: Black Hawk
    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): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • Financial Summary
  • Total assets: $1,498.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 560Total employees (full-time equivalent)
  • $1,555,823Total assets
  • $46,646Cash and due from depository institutions
  • $1,117Interest-bearing balances
  • $228,965Securities
  • $54,160Federal funds sold & reverse repurchase agreements
  • $1,163,329Net loans & leases
  • $19,506Loan loss allowance
  • $0Trading account assets
  • $21,140Bank premises and fixed assets
  • $94Other real estate owned
  • $4,340Goodwill and other intangibles
  • $0Life insurance assets
  • $37,149All other assets
  • $1,555,823Total liabilities and capital
  • $1,418,273Total liabilities
  • $1,368,237Total deposits
  • $1,256,597Interest-bearing deposits
  • $1,368,237Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,088Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $24,948All other liabilities
  • $137,550Total equity capital
  • $137,550Total bank equity capital
  • $137,550Perpetual preferred stock
  • $0Common stock
  • $11,426Surplus
  • $92,829Undivided profits
  • Memoranda
  • $33,295Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,050Earning assets
  • $433Long-term assets (5+ years)
  • $8,321Average Assets, year-to-date
  • $1,447,571Average Assets, quarterly
  • $168,772Volatile liabilities
  • $1,570,008Insider loans
  • $1,563,937FHLB advances
  • $114,654Loans and leases held for sale
  • $660Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,233Total risk weighted assets
  • $229,584Total unused commitments
  • $0Restructured Loans and leases
  • $1,057,421Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $119,049Total interest income
  • $57,618Total interest expense
  • $61,431Net interest income
  • -$1,840Provision for loan and lease losses
  • $16,876Total noninterest income
  • $4,219Fiduciary activities
  • $3,897Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,760Additional noninterest income
  • $41,453Total noninterest expense
  • $20,693Salaries and employee benefits
  • $5,786Premises and equipment expense
  • $14,974Additional noninterest expense
  • $38,694Pre-tax net operating income
  • $55Securities gains (losses)
  • $13,586Applicable income taxes
  • $25,163Income before extraordinary items
  • $0Extraordinary gains - net
  • $25,163Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,335Sale, conversion, retirement of capital stock, net
  • $24,100Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.21%Yield on earning assets
  • 3.98%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 2.47%Pretax return on assets
  • 18.14%Return on equity (ROE)
  • 0.77%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • -137.83%Credit loss provision to net charge-offs
  • 27.61%Efficiency ratio
  • 52,220Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.78%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 951.51%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 85.02%Net loans and leases to core deposits
  • 90.98%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,570,008Average earning assets
  • $138,687Average equity
  • $1,449,361Average loans

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