Mercantile Bank of Phelps County in Rolla, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 1996

Mercantile Bank of Phelps County in Rolla, Missouri (MO)
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Mercantile Bank of Phelps County - Overview

General
FDIC Certificate #: 17147
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Central Missouri (#4554)
Federal Reserve ID: 341552
Date Established: October 09, 1952
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11185
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: October 09, 1952
Last Structure Change Effective Date: October 18, 1996
Last Structure Change Process Date: November 26, 1996
Last Data Update: November 26, 1996
Data Source Date: April 05, 2012
Location
Address: Sixth And Park Streets, Rolla, MO 65401
County: Phelps
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
Core Based Statistical Area (CBSA): Rolla, MO (#40620)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $102.4 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)
$34Total assets
$105,704Cash and due from depository institutions
$2,588Interest-bearing balances
$0Securities
$30,650Federal funds sold & reverse repurchase agreements
$1,925Net loans & leases
$68,021Loan loss allowance
$1,476Trading account assets
$0Bank premises and fixed assets
$1,452Other real estate owned
$5Goodwill and other intangibles
$1,063Life insurance assets
$0All other assets
$0Total liabilities and capital
$105,704Total liabilities
$96,333Total deposits
$94,212Interest-bearing deposits
$85,568Deposits held in domestic offices
94212.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$1,268Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$853Total equity capital
$853Total bank equity capital
$9,371Perpetual preferred stock
$0Common stock
$760Surplus
$6,927Undivided profits
Memoranda
$1,684Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$233Income earned, not collected on loans
$379Earning assets
$100,596Long-term assets (5+ years)
$1,046Average Assets, year-to-date
$90,219Average Assets, quarterly
$105,135Volatile liabilities
$5,036Insider loans
$1,220FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,154Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,216Total risk weighted assets
$57,153Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,632Total interest expense
$3,202Net interest income
$3,430Provision for loan and lease losses
$0Total noninterest income
$696Fiduciary activities
$1Service charges on deposit accounts
$360Trading account gains & fees
$0Additional noninterest income
$335Total noninterest expense
$2,131Salaries and employee benefits
$980Premises and equipment expense
$267Additional noninterest expense
$884Pre-tax net operating income
$1,995Securities gains (losses)
$0Applicable income taxes
$746Income before extraordinary items
$1,249Extraordinary gains - net
$0Net income attributable to bank
$1,249Net charge-offs
-$102Cash dividends
$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
7.73%Cost of funding earning assets
3.73%Net interest margin
4.00%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
2.48%Net operating income to assets
1.38%Return on assets (ROA)
1.38%Pretax return on assets
2.21%Return on equity (ROE)
16.39%Retained earnings to average equity (YTD only)
8.52%Net charge-offs to loans
-0.17%Credit loss provision to net charge-offs
0.00%Efficiency ratio
51,648Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.04%Loss allowance to loans
2.12%Loss allowance to noncurrent loans
633.48%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.34%Net loans and leases to deposits
72.20%Net loans and leases to core deposits
75.21%Equity capital to assets
8.87%Core capital (leverage) ratio
8.78%Tier 1 risk-based capital ratio
16.13%Total risk-based capital ratio
Memoranda
$17Average assets
$90,219Average earning assets
$7,621Average equity
$85,839Average loans

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