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

This bank is inactive as of October 18, 1996

Mercantile Bank of West Central Missouri in Sedalia, Missouri (MO)
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Mercantile Bank of West Central Missouri - Overview

General
FDIC Certificate #: 1065
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Central Missouri (#4554)
Federal Reserve ID: 427250
Date Established: June 02, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 714
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: 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: 3615 West Broadway, Sedalia, MO 65301
County: Pettis
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Columbia Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Sedalia, MO (#42740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $132.0 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)
$60Total assets
$133,434Cash and due from depository institutions
$6,659Interest-bearing balances
$0Securities
$26,201Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$96,326Loan loss allowance
$2,097Trading account assets
$0Bank premises and fixed assets
$2,392Other real estate owned
$0Goodwill and other intangibles
$1,124Life insurance assets
$732All other assets
$0Total liabilities and capital
$133,434Total liabilities
$120,893Total deposits
$115,705Interest-bearing deposits
$107,066Deposits held in domestic offices
115705.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$3,565Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,623Total equity capital
$1,623Total bank equity capital
$12,541Perpetual preferred stock
$0Common stock
$800Surplus
$10,803Undivided profits
Memoranda
$938Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$966Income earned, not collected on loans
$737Earning assets
$122,527Long-term assets (5+ years)
$18,229Average Assets, year-to-date
$143,998Average Assets, quarterly
$133,117Volatile liabilities
$10,918Insider loans
$260FHLB advances
$0Loans and leases held for sale
$518Unused loan commitments
$8,617Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,688Total risk weighted assets
$81,321Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$11,270Total interest expense
$5,184Net interest income
$6,086Provision for loan and lease losses
$244Total noninterest income
$861Fiduciary activities
$32Service charges on deposit accounts
$583Trading account gains & fees
$0Additional noninterest income
$246Total noninterest expense
$4,240Salaries and employee benefits
$1,896Premises and equipment expense
$581Additional noninterest expense
$1,763Pre-tax net operating income
$2,463Securities gains (losses)
$0Applicable income taxes
$906Income before extraordinary items
$1,557Extraordinary gains - net
$0Net income attributable to bank
$1,557Net charge-offs
$333Cash dividends
$3,600Sale, 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
8.26%Cost of funding earning assets
3.80%Net interest margin
4.46%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
3.11%Net operating income to assets
1.08%Return on assets (ROA)
1.08%Pretax return on assets
1.71%Return on equity (ROE)
11.72%Retained earnings to average equity (YTD only)
-15.38%Net charge-offs to loans
0.32%Credit loss provision to net charge-offs
73.27%Efficiency ratio
57,190Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
231.21%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
217.08%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.98%Net loans and leases to deposits
83.25%Net loans and leases to core deposits
88.90%Equity capital to assets
9.40%Core capital (leverage) ratio
8.68%Tier 1 risk-based capital ratio
14.37%Total risk-based capital ratio
Memoranda
$16Average assets
$143,998Average earning assets
$13,283Average equity
$136,445Average loans

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