Mercantile Bank of South Central Missouri in Springfield, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 25, 1997

  • Mercantile Bank of South Central Missouri in Springfield, Missouri (MO)
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Mercantile Bank of South Central Missouri - Overview

  • General
  • FDIC Certificate #: 11454
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of South Central Missouri (#25263)
    Federal Reserve ID: 433251
    Date Established: January 27, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 30 (Interstate: No)
    OTS Docket #: 13600
    FDIC's unique #: 7315
    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: January 01, 1934
    Last Structure Change Effective Date: April 25, 1997
    Last Structure Change Process Date: May 05, 1997
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 417 St. Louis Street, Springfield, MO 65805
    County: Greene
    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
    Metropolitan Statistical Area (MSA): Springfield, MO (#7920)
    Core Based Statistical Area (CBSA): Springfield, MO (#44180)
    CBSA Metro Statistical Area: Springfield, MO (#44180)
  • Financial Summary
  • Total assets: $862.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $374Total assets
  • $835,617Cash and due from depository institutions
  • $24,690Interest-bearing balances
  • $10,394Securities
  • $105,100Federal funds sold & reverse repurchase agreements
  • $21,000Net loans & leases
  • $664,796Loan loss allowance
  • $13,066Trading account assets
  • $0Bank premises and fixed assets
  • $11,466Other real estate owned
  • $656Goodwill and other intangibles
  • $7,909Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $835,617Total liabilities
  • $776,950Total deposits
  • $744,219Interest-bearing deposits
  • $652,949Deposits held in domestic offices
  • 744219.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $22,026Trading liabilities
  • $0Other borrowed funds
  • $4,204Subordinated debt
  • $0All other liabilities
  • $6,501Total equity capital
  • $6,501Total bank equity capital
  • $58,667Perpetual preferred stock
  • $0Common stock
  • $7,000Surplus
  • $45,092Undivided profits
  • Memoranda
  • $6,575Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,114Income earned, not collected on loans
  • $3,860Earning assets
  • $801,290Long-term assets (5+ years)
  • $24,052Average Assets, year-to-date
  • $879,058Average Assets, quarterly
  • $857,615Volatile liabilities
  • $78,847Insider loans
  • $1FHLB advances
  • $0Loans and leases held for sale
  • $328Unused loan commitments
  • $42,775Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $58,253Total risk weighted assets
  • $515,001Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $68,539Total interest expense
  • $31,860Net interest income
  • $36,679Provision for loan and lease losses
  • $1,969Total noninterest income
  • $7,356Fiduciary activities
  • $1,775Service charges on deposit accounts
  • $2,746Trading account gains & fees
  • $0Additional noninterest income
  • $2,835Total noninterest expense
  • $23,774Salaries and employee benefits
  • $11,200Premises and equipment expense
  • $2,970Additional noninterest expense
  • $9,604Pre-tax net operating income
  • $18,292Securities gains (losses)
  • -$37Applicable income taxes
  • $6,650Income before extraordinary items
  • $11,605Extraordinary gains - net
  • $0Net income attributable to bank
  • $11,605Net charge-offs
  • $2,886Cash dividends
  • $46,900Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.22%Cost of funding earning assets
  • 3.82%Net interest margin
  • 4.40%Noninterest income to earning assets
  • 0.88%Noninterest expense to earning assets
  • 2.85%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 2.08%Return on equity (ROE)
  • 13.45%Retained earnings to average equity (YTD only)
  • -40.92%Net charge-offs to loans
  • 0.41%Credit loss provision to net charge-offs
  • 68.23%Efficiency ratio
  • 53,989Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 404.14%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 129.19%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 1.49%Net loans and leases to deposits
  • 89.33%Net loans and leases to core deposits
  • 96.58%Equity capital to assets
  • 7.02%Core capital (leverage) ratio
  • 6.71%Tier 1 risk-based capital ratio
  • 11.31%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $879,058Average earning assets
  • $86,260Average equity
  • $834,156Average loans

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