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

This bank is inactive as of September 14, 1996

Mercantile Bank of Pella in Pella, Iowa (IA)
Show street view No street view available for this location

Mercantile Bank of Pella - Overview

General
FDIC Certificate #: 4489
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank MidWest (#1549)
Federal Reserve ID: 104449
Date Established: May 15, 1857
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11497
FDIC's unique #: 2966
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: 801 Broadway Street, Pella, IA 50219
County: Marion
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
Core Based Statistical Area (CBSA): Pella, IA (#37800)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $99.3 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)
$30Total assets
$102,813Cash and due from depository institutions
$3,758Interest-bearing balances
$0Securities
$29,827Federal funds sold & reverse repurchase agreements
$10,280Net loans & leases
$55,214Loan loss allowance
$930Trading account assets
$0Bank premises and fixed assets
$952Other real estate owned
$0Goodwill and other intangibles
$1,398Life insurance assets
$1,384All other assets
$0Total liabilities and capital
$102,813Total liabilities
$92,332Total deposits
$91,406Interest-bearing deposits
$84,077Deposits held in domestic offices
91406.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$140Subordinated debt
$0All other liabilities
$786Total equity capital
$786Total bank equity capital
$10,481Perpetual preferred stock
$0Common stock
$372Surplus
$3,840Undivided profits
Memoranda
$6,269Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$205Income earned, not collected on loans
$955Earning assets
$95,321Long-term assets (5+ years)
$18,111Average Assets, year-to-date
$95,570Average Assets, quarterly
$100,601Volatile liabilities
$13,446Insider loans
$1,570FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$22,374Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,911Total risk weighted assets
$58,437Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,113Total interest expense
$3,275Net interest income
$3,838Provision for loan and lease losses
$0Total noninterest income
$848Fiduciary activities
$0Service charges on deposit accounts
$273Trading account gains & fees
$0Additional noninterest income
$575Total noninterest expense
$2,619Salaries and employee benefits
$1,027Premises and equipment expense
$243Additional noninterest expense
$1,349Pre-tax net operating income
$2,067Securities gains (losses)
$13Applicable income taxes
$703Income before extraordinary items
$1,377Extraordinary gains - net
$0Net income attributable to bank
$1,377Net charge-offs
-$75Cash dividends
$2,300Sale, conversion, retirement of capital stock, net
$3,712Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.05%Cost of funding earning assets
3.71%Net interest margin
4.35%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
2.97%Net operating income to assets
1.43%Return on assets (ROA)
1.44%Pretax return on assets
2.18%Return on equity (ROE)
13.50%Retained earnings to average equity (YTD only)
-9.05%Net charge-offs to loans
-0.14%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,969Assets per employee
3.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
167.03%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
453.66%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.37%Net loans and leases to deposits
60.41%Net loans and leases to core deposits
70.70%Equity capital to assets
10.19%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
15.25%Total risk-based capital ratio
Memoranda
$17Average assets
$95,570Average earning assets
$10,203Average equity
$88,322Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mercantile Bank of Pella.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.