Mercantile Bank of North Central Arkansas National Association in Flippin, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 16, 1996

Mercantile Bank of North Central Arkansas National Association in Flippin, Arkansas (AR)
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Mercantile Bank of North Central Arkansas National Association - Overview

General
FDIC Certificate #: 21170
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Arkansas National Association (#15086)
Federal Reserve ID: 517740
Date Established: July 23, 1973
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 14637
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: July 23, 1973
Last Structure Change Effective Date: August 16, 1996
Last Structure Change Process Date: October 08, 1996
Last Data Update: October 08, 1996
Data Source Date: April 05, 2012
Location
Address: Fourth And Main Streets, Flippin, AR 72634
County: Marion
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $54.1 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)
$37Total assets
$53,939Cash and due from depository institutions
$1,577Interest-bearing balances
$0Securities
$16,518Federal funds sold & reverse repurchase agreements
$1,700Net loans & leases
$32,371Loan loss allowance
$410Trading account assets
$0Bank premises and fixed assets
$1,230Other real estate owned
$28Goodwill and other intangibles
$493Life insurance assets
$22All other assets
$0Total liabilities and capital
$53,939Total liabilities
$49,465Total deposits
$49,026Interest-bearing deposits
$43,281Deposits held in domestic offices
49026.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$182Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$257Total equity capital
$257Total bank equity capital
$4,474Perpetual preferred stock
$0Common stock
$367Surplus
$618Undivided profits
Memoranda
$3,489Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$245Income earned, not collected on loans
$233Earning assets
$50,589Long-term assets (5+ years)
$13,818Average Assets, year-to-date
$53,211Average Assets, quarterly
$54,484Volatile liabilities
$7,881Insider loans
$390FHLB advances
$0Loans and leases held for sale
$257Unused loan commitments
$1,254Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,282Total risk weighted assets
$32,650Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,117Total interest expense
$2,005Net interest income
$2,112Provision for loan and lease losses
$100Total noninterest income
$452Fiduciary activities
$0Service charges on deposit accounts
$312Trading account gains & fees
$0Additional noninterest income
$140Total noninterest expense
$1,775Salaries and employee benefits
$878Premises and equipment expense
$277Additional noninterest expense
$620Pre-tax net operating income
$689Securities gains (losses)
$0Applicable income taxes
$157Income before extraordinary items
$532Extraordinary gains - net
$0Net income attributable to bank
$532Net charge-offs
$16Cash dividends
$142Sale, 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
4.06%Net interest margin
4.28%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
3.59%Net operating income to assets
1.00%Return on assets (ROA)
1.00%Pretax return on assets
1.29%Return on equity (ROE)
13.09%Retained earnings to average equity (YTD only)
9.60%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
625.00%Efficiency ratio
69,111Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.69%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
167.35%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.75%Net loans and leases to deposits
66.03%Net loans and leases to core deposits
78.33%Equity capital to assets
8.29%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
13.11%Total risk-based capital ratio
Memoranda
$14Average assets
$53,211Average earning assets
$4,064Average equity
$49,390Average loans

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