Mercantile Bank of Illinois National Association - Overview
General
FDIC Certificate #: 3758 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mercantile Bank National Association (#18159) Federal Reserve ID: 2284961 Date Established: Febuary 02, 1836 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 2423 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 20, 1997 Last Structure Change Process Date: July 09, 1997 Last Data Update: July 09, 1997 Data Source Date: April 05, 2012
Location
Address: 140 West Hawthorne, Hartford, IL 62048 County: Madison Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Kansas City FDIC Field Office: Mount Vernon Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040) Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476) Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180) CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
Financial Summary
Total assets: $367.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1996)
Dollar figures in thousands
0Total employees (full-time equivalent)
$377Total assets
$417,890Cash and due from depository institutions
$28,896Interest-bearing balances
$2,074Securities
$862Federal funds sold & reverse repurchase agreements
$30,000Net loans & leases
$333,048Loan loss allowance
$12,431Trading account assets
$0Bank premises and fixed assets
$2,388Other real estate owned
$0Goodwill and other intangibles
$12,696Life insurance assets
$10,000All other assets
$0Total liabilities and capital
$417,890Total liabilities
$368,190Total deposits
$113,302Interest-bearing deposits
$106,309Deposits held in domestic offices
113302.00%% insured (estimated)
$1Federal funds purchased & repurchase agreements
$216,000Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$38,888Total equity capital
$38,888Total bank equity capital
$49,700Perpetual preferred stock
$0Common stock
$1,400Surplus
$47,347Undivided profits
Memoranda
$953Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,557Income earned, not collected on loans
$4,875Earning assets
$365,984Long-term assets (5+ years)
$0Average Assets, year-to-date
$312,383Average Assets, quarterly
$363,269Volatile liabilities
$241,000Insider loans
$295FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,384,492Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$49,700Total risk weighted assets
$373,292Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1996)
Dollar figures in thousands
$0Total interest income
$33,292Total interest expense
$11,830Net interest income
$21,462Provision for loan and lease losses
$21,162Total noninterest income
$44,353Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$44,353Total noninterest expense
$65,400Salaries and employee benefits
$13,812Premises and equipment expense
$1,867Additional noninterest expense
$49,721Pre-tax net operating income
-$20,747Securities gains (losses)
$0Applicable income taxes
-$3,366Income before extraordinary items
-$17,381Extraordinary gains - net
$0Net income attributable to bank
-$17,381Net charge-offs
$16,778Cash 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
12.08%Cost of funding earning assets
4.29%Net interest margin
7.79%Noninterest income to earning assets
16.10%Noninterest expense to earning assets
23.73%Net operating income to assets
-5.56%Return on assets (ROA)
-5.56%Pretax return on assets
-6.64%Return on equity (ROE)
-43.77%Retained earnings to average equity (YTD only)
-43.77%Net charge-offs to loans
6.05%Credit loss provision to net charge-offs
126.13%Efficiency ratio
99,369Assets per employee
1.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.60%Loss allowance to noncurrent loans
145.27%Noncurrent assets plus other real estate owned to assets
2.05%Noncurrent loans to loans
2.48%Net loans and leases to deposits
293.95%Net loans and leases to core deposits
377.17%Equity capital to assets
11.89%Core capital (leverage) ratio
15.92%Tier 1 risk-based capital ratio
13.31%Total risk-based capital ratio
Memoranda
$15Average assets
$312,383Average earning assets
$39,714Average equity
$275,543Average loans
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