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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