Mercantile Bank of the Mineral Area in Farmington, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

Mercantile Bank of the Mineral Area in Farmington, Missouri (MO)
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Mercantile Bank of the Mineral Area - Overview

General
FDIC Certificate #: 13694
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Southeast Missouri (#17043)
Federal Reserve ID: 710756
Date Established: January 12, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 8560
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 19, 1934
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: 2 North Washington, Farmington, MO 63640
County: St. Francois
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): St. Louis-St. Charles-Farmington, MO-IL (#476)
Core Based Statistical Area (CBSA): Farmington, MO (#22100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $168.8 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)
$69Total assets
$167,565Cash and due from depository institutions
$5,649Interest-bearing balances
$0Securities
$25,717Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$131,982Loan loss allowance
$2,153Trading account assets
$0Bank premises and fixed assets
$2,337Other real estate owned
$11Goodwill and other intangibles
$1,869Life insurance assets
$0All other assets
$0Total liabilities and capital
$167,565Total liabilities
$154,040Total deposits
$149,566Interest-bearing deposits
$133,091Deposits held in domestic offices
149566.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$3,183Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,291Total equity capital
$1,291Total bank equity capital
$13,525Perpetual preferred stock
$0Common stock
$855Surplus
$1,205Undivided profits
Memoranda
$11,465Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$809Income earned, not collected on loans
$761Earning assets
$157,699Long-term assets (5+ years)
$10,670Average Assets, year-to-date
$162,480Average Assets, quarterly
$164,288Volatile liabilities
$13,031Insider loans
$2,085FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,329Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,338Total risk weighted assets
$114,782Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$13,487Total interest expense
$5,432Net interest income
$8,055Provision for loan and lease losses
$586Total noninterest income
$1,359Fiduciary activities
$0Service charges on deposit accounts
$1,002Trading account gains & fees
$0Additional noninterest income
$357Total noninterest expense
$3,763Salaries and employee benefits
$1,613Premises and equipment expense
$497Additional noninterest expense
$1,653Pre-tax net operating income
$5,065Securities gains (losses)
$0Applicable income taxes
$1,865Income before extraordinary items
$3,200Extraordinary gains - net
$0Net income attributable to bank
$3,200Net charge-offs
$738Cash dividends
$3,000Sale, 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
8.72%Cost of funding earning assets
3.51%Net interest margin
5.21%Noninterest income to earning assets
0.88%Noninterest expense to earning assets
2.43%Net operating income to assets
1.97%Return on assets (ROA)
1.97%Pretax return on assets
3.12%Return on equity (ROE)
24.20%Retained earnings to average equity (YTD only)
1.51%Net charge-offs to loans
0.56%Credit loss provision to net charge-offs
79.40%Efficiency ratio
39,972Assets per employee
2.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.75%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
266.13%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.60%Net loans and leases to deposits
88.24%Net loans and leases to core deposits
94.46%Equity capital to assets
8.07%Core capital (leverage) ratio
8.00%Tier 1 risk-based capital ratio
11.62%Total risk-based capital ratio
Memoranda
$13Average assets
$162,480Average earning assets
$13,225Average equity
$154,738Average loans

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