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

This bank is inactive as of December 31, 1996

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

General
FDIC Certificate #: 34024
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of South Central Missouri (#11454)
Federal Reserve ID: 2303479
Date Established: May 18, 1995
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 55602
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: May 18, 1995
Last Structure Change Effective Date: December 31, 1996
Last Structure Change Process Date: January 23, 1997
Last Data Update: January 23, 1997
Data Source Date: April 05, 2012
Location
Address: 201 North Jefferson, Lebanon, MO 65536
County: Laclede
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
Core Based Statistical Area (CBSA): Lebanon, MO (#30060)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $126.5 mil

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$58Total assets
$127,935Cash and due from depository institutions
$2,260Interest-bearing balances
$21Securities
$14,280Federal funds sold & reverse repurchase agreements
$10,000Net loans & leases
$99,429Loan loss allowance
$2,310Trading account assets
$0Bank premises and fixed assets
$1,191Other real estate owned
$166Goodwill and other intangibles
$609Life insurance assets
$0All other assets
$0Total liabilities and capital
$127,935Total liabilities
$102,150Total deposits
$99,790Interest-bearing deposits
$95,636Deposits held in domestic offices
99790.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,360Total equity capital
$2,360Total bank equity capital
$25,785Perpetual preferred stock
$0Common stock
$1,200Surplus
$23,800Undivided profits
Memoranda
$785Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,627Income earned, not collected on loans
$523Earning assets
$123,730Long-term assets (5+ years)
$4,909Average Assets, year-to-date
$132,688Average Assets, quarterly
$130,720Volatile liabilities
$9,804Insider loans
$587FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,139Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$25,782Total risk weighted assets
$72,406Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,969Total interest expense
$3,101Net interest income
$2,868Provision for loan and lease losses
$70Total noninterest income
$788Fiduciary activities
$0Service charges on deposit accounts
$236Trading account gains & fees
$0Additional noninterest income
$552Total noninterest expense
$2,323Salaries and employee benefits
$1,127Premises and equipment expense
$317Additional noninterest expense
$879Pre-tax net operating income
$1,263Securities gains (losses)
$0Applicable income taxes
$481Income before extraordinary items
$782Extraordinary gains - net
$0Net income attributable to bank
$782Net charge-offs
$48Cash dividends
$0Sale, 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
4.64%Cost of funding earning assets
2.41%Net interest margin
2.23%Noninterest income to earning assets
0.61%Noninterest expense to earning assets
1.81%Net operating income to assets
0.59%Return on assets (ROA)
0.59%Pretax return on assets
0.95%Return on equity (ROE)
3.07%Retained earnings to average equity (YTD only)
3.07%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
145.83%Efficiency ratio
63,539Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.27%Loss allowance to noncurrent loans
87.93%Noncurrent assets plus other real estate owned to assets
2.18%Noncurrent loans to loans
2.58%Net loans and leases to deposits
99.64%Net loans and leases to core deposits
110.49%Equity capital to assets
20.15%Core capital (leverage) ratio
19.85%Tier 1 risk-based capital ratio
35.61%Total risk-based capital ratio
Memoranda
$37Average assets
$132,688Average earning assets
$25,492Average equity
$128,537Average loans

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