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- Banks in Texas (TX)
- First Mercantile Bank, National Association
First Mercantile Bank, National Association in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of March 29, 2002
- First Mercantile Bank, National Association in Dallas, Texas (TX)
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First Mercantile Bank, National Association - Overview
- General
- FDIC Certificate #: 34625
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 2649168
Date Established: January 29, 1998
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
OTS Docket #: 16094
FDIC's unique #: 60848
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: January 29, 1998
Last Structure Change Effective Date: March 29, 2002
Last Structure Change Process Date: April 30, 2002
Last Data Update: April 30, 2002
Data Source Date: April 05, 2012 - Location
- Address: 6071 Sherry Lane, Dallas, TX 75225
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: $360.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
- Dollar figures in thousands
- 108Total employees (full-time equivalent)
- $359,952Total assets
- $17,374Cash and due from depository institutions
- $0Interest-bearing balances
- $47,462Securities
- $9,313Federal funds sold & reverse repurchase agreements
- $264,603Net loans & leases
- $3,348Loan loss allowance
- $0Trading account assets
- $4,501Bank premises and fixed assets
- $705Other real estate owned
- $9,355Goodwill and other intangibles
- $0Life insurance assets
- $6,639All other assets
- $359,952Total liabilities and capital
- $329,057Total liabilities
- $312,594Total deposits
- $234,997Interest-bearing deposits
- $312,594Deposits held in domestic offices
- 0.00%% insured (estimated)
- $2,785Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $12,000Other borrowed funds
- $0Subordinated debt
- $1,678All other liabilities
- $30,895Total equity capital
- $30,895Total bank equity capital
- $30,895Perpetual preferred stock
- $0Common stock
- $3,500Surplus
- $25,115Undivided profits
- Memoranda
- $2,280Noncurrent loans and leases
- $48,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $397Earning assets
- $0Long-term assets (5+ years)
- $1,631Average Assets, year-to-date
- $321,378Average Assets, quarterly
- $80,254Volatile liabilities
- $265,409Insider loans
- $352,845FHLB advances
- $61,208Loans and leases held for sale
- $6,628Unused loan commitments
- $12,000Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $15,455Total risk weighted assets
- $48,164Total unused commitments
- $0Restructured Loans and leases
- $3,348Derivatives
Income and Expense (December 31, 2001)
- Dollar figures in thousands
- $18,803Total interest income
- $7,153Total interest expense
- $11,650Net interest income
- $1,941Provision for loan and lease losses
- $2,183Total noninterest income
- $0Fiduciary activities
- $670Service charges on deposit accounts
- $0Trading account gains & fees
- $1,513Additional noninterest income
- $10,198Total noninterest expense
- $5,622Salaries and employee benefits
- $1,705Premises and equipment expense
- $2,871Additional noninterest expense
- $1,694Pre-tax net operating income
- $61Securities gains (losses)
- $524Applicable income taxes
- $1,231Income before extraordinary items
- $0Extraordinary gains - net
- $1,231Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $237Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2001)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.83%Yield on earning assets
- 2.98%Cost of funding earning assets
- 4.85%Net interest margin
- 0.91%Noninterest income to earning assets
- 4.25%Noninterest expense to earning assets
- 0.45%Net operating income to assets
- 0.46%Return on assets (ROA)
- 0.66%Pretax return on assets
- 5.42%Return on equity (ROE)
- 5.42%Retained earnings to average equity (YTD only)
- 0.12%Net charge-offs to loans
- 818.99%Credit loss provision to net charge-offs
- 15.34%Efficiency ratio
- 73,419Assets per employee
- 3.33%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.25%Loss allowance to noncurrent loans
- 843.32%Noncurrent assets plus other real estate owned to assets
- 0.31%Noncurrent loans to loans
- 0.15%Net loans and leases to deposits
- 84.65%Net loans and leases to core deposits
- 103.70%Equity capital to assets
- 8.58%Core capital (leverage) ratio
- 6.46%Tier 1 risk-based capital ratio
- 7.63%Total risk-based capital ratio
- Memoranda
- $9Average assets
- $265,409Average earning assets
- $22,692Average equity
- $240,022Average loans
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- Banks in Texas (TX)
- First Mercantile Bank, National Association
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