Mercantile Eastern Shore Bank in city_name, state_name - Detailed Financial Reports, Location

Mercantile Eastern Shore Bank in Chestertown, Maryland (MD)
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Mercantile Eastern Shore Bank - Overview

General
FDIC Certificate #: 5877
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: PNC Bank, National Association (#6384)
Federal Reserve ID: 872421
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 19 (Interstate: No)
OTS Docket #: 11334
FDIC's unique #: 4013
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 14, 2007
Last Structure Change Process Date: December 31, 2007
Last Data Update: December 31, 2007
Data Source Date: April 05, 2012
Location
Address: High Street, Chestertown, MD 21620
County: Kent
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Baltimore
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $603.7 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

Dollar figures in thousands
153Total employees (full-time equivalent)
$626,580Total assets
$13,009Cash and due from depository institutions
$218Interest-bearing balances
$96,798Securities
$0Federal funds sold & reverse repurchase agreements
$494,881Net loans & leases
$6,104Loan loss allowance
$0Trading account assets
$4,712Bank premises and fixed assets
$0Other real estate owned
$1,777Goodwill and other intangibles
$4,996Life insurance assets
$15,403All other assets
$626,580Total liabilities and capital
$569,355Total liabilities
$491,308Total deposits
$374,656Interest-bearing deposits
$491,308Deposits held in domestic offices
0.00%% insured (estimated)
$48,977Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$25,400Subordinated debt
$3,670All other liabilities
$57,225Total equity capital
$57,225Total bank equity capital
$57,225Perpetual preferred stock
$0Common stock
$1,056Surplus
$17,622Undivided profits
Memoranda
$38,547Noncurrent loans and leases
$161,778Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$721Earning assets
$0Long-term assets (5+ years)
$2,871Average Assets, year-to-date
$591,897Average Assets, quarterly
$142,093Volatile liabilities
$609,397Insider loans
$623,087FHLB advances
$101,058Loans and leases held for sale
$11,982Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$161,778Total unused commitments
$0Restructured Loans and leases
$31,451Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$39,090Total interest income
$11,778Total interest expense
$27,312Net interest income
-$1,586Provision for loan and lease losses
$4,769Total noninterest income
$0Fiduciary activities
$2,568Service charges on deposit accounts
$0Trading account gains & fees
$2,201Additional noninterest income
$14,490Total noninterest expense
$6,546Salaries and employee benefits
$1,748Premises and equipment expense
$6,196Additional noninterest expense
$19,177Pre-tax net operating income
$0Securities gains (losses)
$7,160Applicable income taxes
$12,017Income before extraordinary items
$0Extraordinary gains - net
$12,017Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$250Sale, conversion, retirement of capital stock, net
$8,495Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.83%Yield on earning assets
2.06%Cost of funding earning assets
4.77%Net interest margin
0.83%Noninterest income to earning assets
2.53%Noninterest expense to earning assets
1.97%Net operating income to assets
1.97%Return on assets (ROA)
3.15%Pretax return on assets
21.89%Return on equity (ROE)
6.42%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
-634.40%Credit loss provision to net charge-offs
70.36%Efficiency ratio
45,167Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.69%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
846.60%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.14%Net loans and leases to deposits
100.73%Net loans and leases to core deposits
112.67%Equity capital to assets
9.13%Core capital (leverage) ratio
9.06%Tier 1 risk-based capital ratio
11.61%Total risk-based capital ratio
Memoranda
$18Average assets
$609,397Average earning assets
$54,902Average equity
$572,599Average loans

Mercantile Eastern Shore Bank in Chestertown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mercantile Eastern Shore Bank - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

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Mercantile Eastern Shore Bank in Chestertown, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

Mercantile Eastern Shore Bank - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Comment about this bank, ask questions, or add new information about it:

Mercantile Eastern Shore Bank in Chestertown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches