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

This bank is inactive as of September 14, 1996

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

General
FDIC Certificate #: 8757
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank MidWest (#1549)
Federal Reserve ID: 268547
Date Established: May 15, 1888
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5574
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: January 01, 1934
Last Structure Change Effective Date: September 14, 1996
Last Structure Change Process Date: October 07, 1996
Last Data Update: October 07, 1996
Data Source Date: April 05, 2012
Location
Address: 1030 Tenth Street, Onawa, IA 51040
County: Monona
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $41.6 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)
$12Total assets
$41,742Cash and due from depository institutions
$2,408Interest-bearing balances
$0Securities
$11,643Federal funds sold & reverse repurchase agreements
$2,400Net loans & leases
$24,059Loan loss allowance
$595Trading account assets
$0Bank premises and fixed assets
$182Other real estate owned
$0Goodwill and other intangibles
$1,050Life insurance assets
$0All other assets
$0Total liabilities and capital
$41,742Total liabilities
$38,011Total deposits
$37,729Interest-bearing deposits
$32,756Deposits held in domestic offices
37729.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$282Total equity capital
$282Total bank equity capital
$3,731Perpetual preferred stock
$0Common stock
$900Surplus
$1,400Undivided profits
Memoranda
$1,431Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$53Income earned, not collected on loans
$652Earning assets
$38,102Long-term assets (5+ years)
$3,897Average Assets, year-to-date
$41,694Average Assets, quarterly
$41,819Volatile liabilities
$200Insider loans
$148FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,637Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,689Total risk weighted assets
$27,970Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,119Total interest expense
$1,282Net interest income
$1,837Provision for loan and lease losses
$0Total noninterest income
$230Fiduciary activities
$0Service charges on deposit accounts
$152Trading account gains & fees
$0Additional noninterest income
$78Total noninterest expense
$999Salaries and employee benefits
$442Premises and equipment expense
$100Additional noninterest expense
$457Pre-tax net operating income
$1,068Securities gains (losses)
$4Applicable income taxes
$365Income before extraordinary items
$707Extraordinary gains - net
$0Net income attributable to bank
$707Net charge-offs
-$4Cash dividends
$1,200Sale, 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
8.02%Cost of funding earning assets
3.29%Net interest margin
4.72%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
2.57%Net operating income to assets
1.69%Return on assets (ROA)
1.70%Pretax return on assets
2.57%Return on equity (ROE)
17.72%Retained earnings to average equity (YTD only)
-12.36%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,331Assets per employee
3.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
169.73%Loss allowance to loans
2.41%Loss allowance to noncurrent loans
1122.64%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.21%Net loans and leases to deposits
63.77%Net loans and leases to core deposits
64.11%Equity capital to assets
8.94%Core capital (leverage) ratio
8.84%Tier 1 risk-based capital ratio
13.19%Total risk-based capital ratio
Memoranda
$14Average assets
$41,694Average earning assets
$3,990Average equity
$38,913Average loans

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