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

This bank is inactive as of June 14, 1996

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

General
FDIC Certificate #: 19330
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Southeast Missouri (#17043)
Federal Reserve ID: 614050
Date Established: January 02, 1965
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 13142
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 02, 1965
Last Structure Change Effective Date: June 14, 1996
Last Structure Change Process Date: June 26, 1996
Last Data Update: June 26, 1996
Data Source Date: April 05, 2012
Location
Address: 104 East Center Street, Sikeston, MO 63801
County: Scott
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Cape Girardeau-Sikeston-Jackson, MO-IL (#164)
Core Based Statistical Area (CBSA): Sikeston, MO (#43460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $139.7 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)
$55Total assets
$151,349Cash and due from depository institutions
$9,065Interest-bearing balances
$0Securities
$27,384Federal funds sold & reverse repurchase agreements
$9,250Net loans & leases
$102,424Loan loss allowance
$2,486Trading account assets
$0Bank premises and fixed assets
$1,494Other real estate owned
$0Goodwill and other intangibles
$1,732Life insurance assets
$0All other assets
$0Total liabilities and capital
$151,349Total liabilities
$139,161Total deposits
$130,825Interest-bearing deposits
$110,044Deposits held in domestic offices
130825.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$6,953Trading liabilities
$0Other borrowed funds
$402Subordinated debt
$0All other liabilities
$981Total equity capital
$981Total bank equity capital
$12,188Perpetual preferred stock
$0Common stock
$1,550Surplus
$8,050Undivided profits
Memoranda
$2,588Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$605Income earned, not collected on loans
$1,242Earning assets
$139,058Long-term assets (5+ years)
$8,778Average Assets, year-to-date
$187,888Average Assets, quarterly
$171,342Volatile liabilities
$17,828Insider loans
$5,724FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$19,190Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,044Total risk weighted assets
$110,995Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$14,404Total interest expense
$7,018Net interest income
$7,386Provision for loan and lease losses
$809Total noninterest income
$1,134Fiduciary activities
$0Service charges on deposit accounts
$962Trading account gains & fees
$0Additional noninterest income
$172Total noninterest expense
$5,604Salaries and employee benefits
$3,263Premises and equipment expense
$616Additional noninterest expense
$1,725Pre-tax net operating income
$2,107Securities gains (losses)
$0Applicable income taxes
$780Income before extraordinary items
$1,327Extraordinary gains - net
$0Net income attributable to bank
$1,327Net charge-offs
$183Cash dividends
$7,536Sale, 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
8.27%Cost of funding earning assets
4.03%Net interest margin
4.24%Noninterest income to earning assets
0.65%Noninterest expense to earning assets
3.22%Net operating income to assets
0.71%Return on assets (ROA)
0.71%Pretax return on assets
1.12%Return on equity (ROE)
7.78%Retained earnings to average equity (YTD only)
-36.38%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
442.08%Efficiency ratio
65,646Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
567.90%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
410.91%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.58%Net loans and leases to deposits
78.29%Net loans and leases to core deposits
85.39%Equity capital to assets
8.05%Core capital (leverage) ratio
7.50%Tier 1 risk-based capital ratio
10.85%Total risk-based capital ratio
Memoranda
$12Average assets
$187,888Average earning assets
$17,067Average equity
$174,165Average loans

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