FDIC Certificate #: 34155 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Mercantile Bank, National Association (#34625) Federal Reserve ID: 2441120 Date Established: April 01, 1996 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 16048 FDIC's unique #: 56302 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: April 01, 1996 Last Structure Change Effective Date: September 01, 2001 Last Structure Change Process Date: October 26, 2001 Last Data Update: October 26, 2001 Data Source Date: April 05, 2012
Location
Address: 1522 Gross Road, Mesquite, TX 75149 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $79.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
23Total employees (full-time equivalent)
$74,774Total assets
$3,141Cash and due from depository institutions
$0Interest-bearing balances
$16,814Securities
$2,055Federal funds sold & reverse repurchase agreements
$50,276Net loans & leases
$602Loan loss allowance
$0Trading account assets
$1,761Bank premises and fixed assets
$181Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$546All other assets
$74,774Total liabilities and capital
$68,341Total liabilities
$65,126Total deposits
$50,779Interest-bearing deposits
$65,126Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$215All other liabilities
$6,433Total equity capital
$6,433Total bank equity capital
$6,433Perpetual preferred stock
$0Common stock
$1,750Surplus
$1,760Undivided profits
Memoranda
$2,923Noncurrent loans and leases
$12,171Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$277Average Assets, year-to-date
$69,145Average Assets, quarterly
$13,714Volatile liabilities
$68,010Insider loans
$73,332FHLB advances
$19,113Loans and leases held for sale
$2,599Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,171Total unused commitments
$0Restructured Loans and leases
$602Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$6,150Total interest income
$2,475Total interest expense
$3,675Net interest income
$162Provision for loan and lease losses
$392Total noninterest income
$0Fiduciary activities
$315Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$2,435Total noninterest expense
$1,390Salaries and employee benefits
$359Premises and equipment expense
$686Additional noninterest expense
$1,470Pre-tax net operating income
-$35Securities gains (losses)
$0Applicable income taxes
$1,435Income before extraordinary items
$0Extraordinary gains - net
$1,435Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$490Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.68%Yield on earning assets
3.90%Cost of funding earning assets
5.79%Net interest margin
0.62%Noninterest income to earning assets
3.83%Noninterest expense to earning assets
2.16%Net operating income to assets
2.11%Return on assets (ROA)
2.11%Pretax return on assets
26.64%Return on equity (ROE)
17.54%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
311.54%Credit loss provision to net charge-offs
31.38%Efficiency ratio
59,872Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.15%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.00%Net loans and leases to deposits
77.20%Net loans and leases to core deposits
106.94%Equity capital to assets
8.60%Core capital (leverage) ratio
8.34%Tier 1 risk-based capital ratio
10.70%Total risk-based capital ratio
Memoranda
$12Average assets
$68,010Average earning assets
$5,387Average equity
$63,518Average loans
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