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

This bank is inactive as of August 17, 1996

Mercantile Bank of Maquoketa in Maquoketa, Iowa (IA)
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Mercantile Bank of Maquoketa - Overview

General
FDIC Certificate #: 17049
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
Federal Reserve ID: 682947
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11318
FDIC's unique #: 11110
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 18, 1951
Last Structure Change Effective Date: August 17, 1996
Last Structure Change Process Date: August 28, 1996
Last Data Update: August 28, 1996
Data Source Date: April 05, 2012
Location
Address: 120 South Main Street, Maquoketa, IA 52060
County: Jackson
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
Financial Summary
Total assets: $57.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$56,637Cash and due from depository institutions
$2,699Interest-bearing balances
$709Securities
$11,267Federal funds sold & reverse repurchase agreements
$2,500Net loans & leases
$37,848Loan loss allowance
$1,019Trading account assets
$0Bank premises and fixed assets
$967Other real estate owned
$330Goodwill and other intangibles
$1,026Life insurance assets
$0All other assets
$0Total liabilities and capital
$56,637Total liabilities
$51,995Total deposits
$48,150Interest-bearing deposits
$44,913Deposits held in domestic offices
48150.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$1,540Trading liabilities
$0Other borrowed funds
$1,807Subordinated debt
$0All other liabilities
$498Total equity capital
$498Total bank equity capital
$4,642Perpetual preferred stock
$0Common stock
$500Surplus
$2,500Undivided profits
Memoranda
$1,642Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$57Income earned, not collected on loans
$544Earning assets
$52,324Long-term assets (5+ years)
$6,039Average Assets, year-to-date
$56,151Average Assets, quarterly
$56,268Volatile liabilities
$4,165Insider loans
$224FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,288Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,592Total risk weighted assets
$41,439Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,277Total interest expense
$1,915Net interest income
$2,362Provision for loan and lease losses
$0Total noninterest income
$395Fiduciary activities
$0Service charges on deposit accounts
$227Trading account gains & fees
$0Additional noninterest income
$168Total noninterest expense
$1,741Salaries and employee benefits
$702Premises and equipment expense
$307Additional noninterest expense
$732Pre-tax net operating income
$1,016Securities gains (losses)
$1Applicable income taxes
$337Income before extraordinary items
$680Extraordinary gains - net
$0Net income attributable to bank
$680Net charge-offs
$10Cash dividends
$1,500Sale, 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
8.34%Cost of funding earning assets
3.74%Net interest margin
4.61%Noninterest income to earning assets
0.77%Noninterest expense to earning assets
3.40%Net operating income to assets
1.21%Return on assets (ROA)
1.21%Pretax return on assets
1.81%Return on equity (ROE)
13.21%Retained earnings to average equity (YTD only)
-15.93%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,148Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
220.59%Loss allowance to loans
2.62%Loss allowance to noncurrent loans
1787.72%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.15%Net loans and leases to deposits
78.60%Net loans and leases to core deposits
83.14%Equity capital to assets
8.20%Core capital (leverage) ratio
8.02%Tier 1 risk-based capital ratio
11.08%Total risk-based capital ratio
Memoranda
$12Average assets
$56,151Average earning assets
$5,147Average equity
$51,252Average loans

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