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)
  • Show street view No street view available for this location

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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Mercantile Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents