Mercantile Bank of St. Joseph in Saint Joseph, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 1998

Mercantile Bank of St. Joseph in Saint Joseph, Missouri (MO)
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Mercantile Bank of St. Joseph - Overview

General
FDIC Certificate #: 4605
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstar Bank, National Association (#10927)
Federal Reserve ID: 718958
Date Established: July 08, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 3050
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: May 16, 1998
Last Structure Change Process Date: June 10, 1998
Last Data Update: June 10, 1998
Data Source Date: April 05, 2012
Location
Address: 415 Francis Street, Saint Joseph, MO 64501
County: Buchanan
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Kansas City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Joseph, MO (#7000)
Core Based Statistical Area (CBSA): St. Joseph, MO-KS (#41140)
CBSA Metro Statistical Area: St. Joseph, MO-KS (#41140)
Financial Summary
Total assets: $355.5 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
139Total employees (full-time equivalent)
$348,915Total assets
$9,793Cash and due from depository institutions
$0Interest-bearing balances
$66,977Securities
$0Federal funds sold & reverse repurchase agreements
$259,594Net loans & leases
$3,770Loan loss allowance
$0Trading account assets
$6,856Bank premises and fixed assets
$32Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,663All other assets
$348,915Total liabilities and capital
$320,040Total liabilities
$291,335Total deposits
$255,605Interest-bearing deposits
$291,335Deposits held in domestic offices
0.00%% insured (estimated)
$25,529Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,176All other liabilities
$28,875Total equity capital
$28,875Total bank equity capital
$28,875Perpetual preferred stock
$0Common stock
$2,200Surplus
$23,859Undivided profits
Memoranda
$2,816Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$481Earning assets
$0Long-term assets (5+ years)
$3,802Average Assets, year-to-date
$326,571Average Assets, quarterly
$10,231Volatile liabilities
$339,237Insider loans
$342,863FHLB advances
$43,085Loans and leases held for sale
$13,654Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$655Total risk weighted assets
$54,889Total unused commitments
$0Restructured Loans and leases
$200,975Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$24,916Total interest income
$11,377Total interest expense
$13,539Net interest income
$0Provision for loan and lease losses
$4,575Total noninterest income
$1,916Fiduciary activities
$1,465Service charges on deposit accounts
$0Trading account gains & fees
$1,194Additional noninterest income
$9,158Total noninterest expense
$4,898Salaries and employee benefits
$788Premises and equipment expense
$3,472Additional noninterest expense
$8,956Pre-tax net operating income
$0Securities gains (losses)
$3,078Applicable income taxes
$5,878Income before extraordinary items
$0Extraordinary gains - net
$5,878Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$72Sale, conversion, retirement of capital stock, net
$4,700Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.89%Yield on earning assets
3.60%Cost of funding earning assets
4.29%Net interest margin
1.45%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
1.73%Net operating income to assets
1.73%Return on assets (ROA)
2.64%Pretax return on assets
20.87%Return on equity (ROE)
4.18%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
124.39%Efficiency ratio
50,558Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.96%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
783.78%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.18%Net loans and leases to deposits
89.10%Net loans and leases to core deposits
94.82%Equity capital to assets
8.28%Core capital (leverage) ratio
8.44%Tier 1 risk-based capital ratio
14.22%Total risk-based capital ratio
Memoranda
$15Average assets
$339,237Average earning assets
$28,171Average equity
$315,860Average loans

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