Mercantile Bank of Joplin in city_name, state_name - Detailed Financial Reports, Location

Mercantile Bank of Joplin in Joplin, Missouri (MO)
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Mercantile Bank of Joplin - Overview

General
FDIC Certificate #: 4585
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Western Missouri (#12681)
Federal Reserve ID: 748450
Date Established: January 02, 1928
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 3038
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: March 07, 1997
Last Structure Change Process Date: April 02, 1997
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: Fourth And Main Streets, Joplin, MO 64801
County: Jasper
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Springfield Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Joplin, MO (#3710)
Core Based Statistical Area (CBSA): Joplin, MO (#27900)
CBSA Metro Statistical Area: Joplin, MO (#27900)
Financial Summary
Total assets: $414.0 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)
$163Total assets
$414,040Cash and due from depository institutions
$21,198Interest-bearing balances
$0Securities
$72,872Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$304,208Loan loss allowance
$4,541Trading account assets
$0Bank premises and fixed assets
$8,280Other real estate owned
$1,038Goodwill and other intangibles
$5,894Life insurance assets
$550All other assets
$0Total liabilities and capital
$414,040Total liabilities
$382,031Total deposits
$362,749Interest-bearing deposits
$300,730Deposits held in domestic offices
362749.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$15,375Trading liabilities
$0Other borrowed funds
$3Subordinated debt
$0All other liabilities
$3,904Total equity capital
$3,904Total bank equity capital
$32,009Perpetual preferred stock
$0Common stock
$4,100Surplus
$9,098Undivided profits
Memoranda
$18,811Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,056Income earned, not collected on loans
$1,876Earning assets
$377,080Long-term assets (5+ years)
$16,877Average Assets, year-to-date
$411,008Average Assets, quarterly
$416,046Volatile liabilities
$26,571Insider loans
$10,009FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$59,516Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$30,855Total risk weighted assets
$284,673Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$32,062Total interest expense
$13,336Net interest income
$18,726Provision for loan and lease losses
$880Total noninterest income
$6,196Fiduciary activities
$2,555Service charges on deposit accounts
$1,782Trading account gains & fees
$0Additional noninterest income
$1,859Total noninterest expense
$12,626Salaries and employee benefits
$5,980Premises and equipment expense
$1,265Additional noninterest expense
$5,381Pre-tax net operating income
$11,416Securities gains (losses)
$0Applicable income taxes
$4,194Income before extraordinary items
$7,222Extraordinary gains - net
$0Net income attributable to bank
$7,222Net charge-offs
$1,191Cash dividends
$8,800Sale, 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
8.55%Cost of funding earning assets
3.56%Net interest margin
4.99%Noninterest income to earning assets
1.65%Noninterest expense to earning assets
3.37%Net operating income to assets
1.76%Return on assets (ROA)
1.76%Pretax return on assets
2.78%Return on equity (ROE)
22.04%Retained earnings to average equity (YTD only)
-4.82%Net charge-offs to loans
0.40%Credit loss provision to net charge-offs
73.89%Efficiency ratio
49,827Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
121.85%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
111.96%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.31%Net loans and leases to deposits
83.86%Net loans and leases to core deposits
86.53%Equity capital to assets
7.73%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
10.84%Total risk-based capital ratio
Memoranda
$12Average assets
$411,008Average earning assets
$32,768Average equity
$374,921Average loans

Mercantile Bank of Joplin in Joplin, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mercantile Bank of Joplin - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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Mercantile Bank of Joplin in Joplin, Missouri (MO)Overview, Financial Summary, Detailed Financial Reports, Branches

Mercantile Bank of Joplin - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

Mercantile Bank of Joplin in Joplin, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches