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

This bank is inactive as of December 12, 1998

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

  • General
  • FDIC Certificate #: 25263
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Mercantile Bank of St. Louis National Association (#1061)
    Federal Reserve ID: 433251
    Date Established: July 09, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 33 (Interstate: No)
    FDIC's unique #: 17467
    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: July 09, 1984
    Last Structure Change Effective Date: December 12, 1998
    Last Structure Change Process Date: January 06, 1999
    Last Data Update: January 06, 1999
    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: $1,046.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 418Total employees (full-time equivalent)
  • $1,107,748Total assets
  • $33,860Cash and due from depository institutions
  • $270Interest-bearing balances
  • $225,831Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $816,918Net loans & leases
  • $17,325Loan loss allowance
  • $0Trading account assets
  • $14,924Bank premises and fixed assets
  • $3,204Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,011All other assets
  • $1,107,748Total liabilities and capital
  • $1,032,799Total liabilities
  • $969,101Total deposits
  • $881,258Interest-bearing deposits
  • $969,101Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $54,029Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,260Other borrowed funds
  • $0Subordinated debt
  • $6,409All other liabilities
  • $74,949Total equity capital
  • $74,949Total bank equity capital
  • $74,949Perpetual preferred stock
  • $0Common stock
  • $7,758Surplus
  • $56,680Undivided profits
  • Memoranda
  • $10,511Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,820Earning assets
  • $293Long-term assets (5+ years)
  • $5,036Average Assets, year-to-date
  • $1,043,019Average Assets, quarterly
  • $178,271Volatile liabilities
  • $945,891Insider loans
  • $985,820FHLB advances
  • $143,220Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $46,891Total unused commitments
  • $0Restructured Loans and leases
  • $618,957Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $71,453Total interest income
  • $33,457Total interest expense
  • $37,996Net interest income
  • $4,408Provision for loan and lease losses
  • $6,360Total noninterest income
  • $1,909Fiduciary activities
  • $3,017Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,434Additional noninterest income
  • $24,603Total noninterest expense
  • $12,413Salaries and employee benefits
  • $3,188Premises and equipment expense
  • $9,002Additional noninterest expense
  • $15,345Pre-tax net operating income
  • $2Securities gains (losses)
  • $5,699Applicable income taxes
  • $9,648Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,648Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,545Sale, conversion, retirement of capital stock, net
  • $8,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.08%Yield on earning assets
  • 3.78%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 13.29%Return on equity (ROE)
  • 2.27%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 173.20%Credit loss provision to net charge-offs
  • 7.76%Efficiency ratio
  • 55,282Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.92%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 221.55%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 84.30%Net loans and leases to core deposits
  • 92.58%Equity capital to assets
  • 6.77%Core capital (leverage) ratio
  • 7.49%Tier 1 risk-based capital ratio
  • 11.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $945,891Average earning assets
  • $72,595Average equity
  • $883,977Average loans

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