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

This bank is inactive as of December 31, 1996

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

General
FDIC Certificate #: 4553
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of South Central Missouri (#11454)
Federal Reserve ID: 874854
Date Established: January 01, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 3014
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: 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: 322 Broadway, Monett, MO 65708
County: Barry
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
Financial Summary
Total assets: $95.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$43Total assets
$97,903Cash and due from depository institutions
$2,795Interest-bearing balances
$0Securities
$16,300Federal funds sold & reverse repurchase agreements
$3,145Net loans & leases
$73,046Loan loss allowance
$1,647Trading account assets
$0Bank premises and fixed assets
$798Other real estate owned
$17Goodwill and other intangibles
$1,802Life insurance assets
$0All other assets
$0Total liabilities and capital
$97,903Total liabilities
$89,514Total deposits
$84,241Interest-bearing deposits
$78,208Deposits held in domestic offices
84241.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$4,116Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,157Total equity capital
$1,157Total bank equity capital
$8,389Perpetual preferred stock
$0Common stock
$775Surplus
$2,112Undivided profits
Memoranda
$5,502Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$292Income earned, not collected on loans
$600Earning assets
$92,491Long-term assets (5+ years)
$2,005Average Assets, year-to-date
$88,588Average Assets, quarterly
$96,880Volatile liabilities
$8,511Insider loans
$339FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,607Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,798Total risk weighted assets
$63,025Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,410Total interest expense
$3,075Net interest income
$4,335Provision for loan and lease losses
-$1,000Total noninterest income
$556Fiduciary activities
$0Service charges on deposit accounts
$421Trading account gains & fees
$0Additional noninterest income
$135Total noninterest expense
$2,593Salaries and employee benefits
$1,274Premises and equipment expense
$302Additional noninterest expense
$1,017Pre-tax net operating income
$3,298Securities gains (losses)
$0Applicable income taxes
$1,226Income before extraordinary items
$2,072Extraordinary gains - net
$0Net income attributable to bank
$2,072Net charge-offs
$200Cash dividends
$1,600Sale, 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
8.82%Cost of funding earning assets
3.66%Net interest margin
5.16%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
3.09%Net operating income to assets
2.34%Return on assets (ROA)
2.34%Pretax return on assets
3.72%Return on equity (ROE)
27.55%Retained earnings to average equity (YTD only)
6.28%Net charge-offs to loans
0.29%Credit loss provision to net charge-offs
-500.00%Efficiency ratio
53,016Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.22%Loss allowance to loans
2.21%Loss allowance to noncurrent loans
564.04%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.39%Net loans and leases to deposits
86.71%Net loans and leases to core deposits
91.48%Equity capital to assets
8.57%Core capital (leverage) ratio
8.14%Tier 1 risk-based capital ratio
12.37%Total risk-based capital ratio
Memoranda
$14Average assets
$88,588Average earning assets
$7,521Average equity
$83,991Average loans

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