MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION in Coral Gables, Florida (FL), NY, TX
Overview, Financial Summary, Detailed Financial Reports, Branches


  • MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION in Coral Gables, Florida (FL), NY, TX
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MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION - Overview

  • General
  • FDIC Certificate #: 22953
    Status: Active
    Federal Reserve ID: 83638
    Bank Holding Company (Regulatory Top Holder): Mercantil Commercebank Voting Trust (RSSDID: 3882748, Location: Coral Gables, FL)
    Date Established: September 17, 1979
    WWW: http://www.mercantilcb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Domestic: 16, Interstate: Yes)
    OTS Docket #: 14111
    FDIC's unique #: 16059
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 17, 1979
    Last Structure Change Effective Date: November 01, 2007
    Last Structure Change Process Date: December 04, 2007
    Last Data Update: December 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 Alhambra Circle - 12th Floor, Coral Gables, FL 33134
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $6,635.9 mil
    Equity capital: $682.0 mil
    Deposits held in domestic offices: $4,938.1 mil
    Return on assets (ROA): 0.24% ($15.9 mil)
    Quarterly return on assets: 0.46% ($30.5 mil)
    Return on Equity (ROE): 2.43% ($16.6 mil)
    Quarterly return on equity: 4.52% ($30.8 mil)
    Net income: $16.2 mil
    Quarterly Net income: $7.7 mil
    Pretax return on assets: 0.38% ($25,216.4 mil)
    Quarterly Pretax return on assets: 0.72% ($47,778.4 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, 2011)

  • Dollar figures in thousands
  • 765Total employees (full-time equivalent)
  • $6,635,895Total assets
  • $186,630Cash and due from depository institutions
  • $175,929Interest-bearing balances
  • $2,080,965Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,104,751Net loans & leases
  • $67,146Loan loss allowance
  • $8,864Trading account assets
  • $79,629Bank premises and fixed assets
  • $13,678Other real estate owned
  • $17,255Goodwill and other intangibles
  • $6,635,895Life insurance assets
  • $144,123All other assets
  • $5,953,766Total liabilities and capital
  • $4,938,105Total liabilities
  • $4,005,900Total deposits
  • $4,938,105Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 491758.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $487,250Trading liabilities
  • $0Other borrowed funds
  • $36,653Subordinated debt
  • $682,129All other liabilities
  • $682,035Total equity capital
  • $682,035Total bank equity capital
  • $0Perpetual preferred stock
  • $118,961Common stock
  • $308,332Surplus
  • $254,742Undivided profits
  • Memoranda
  • $94Noncurrent loans and leases
  • $417Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $241,206Income earned, not collected on loans
  • $475Earning assets
  • $20,720Long-term assets (5+ years)
  • $6,370,509Average Assets, year-to-date
  • $1,020,531Average Assets, quarterly
  • $6,645,725Volatile liabilities
  • $6,695,898Insider loans
  • $3,830,376FHLB advances
  • $6,778,650Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $610,232Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $508,874Restructured Loans and leases
  • $2,410Derivatives
  • $14,515Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $181,197Total interest income
  • $30,149Total interest expense
  • $151,048Net interest income
  • $49,811Provision for loan and lease losses
  • $50,491Total noninterest income
  • $1,858Fiduciary activities
  • $7,640Service charges on deposit accounts
  • $88Trading account gains & fees
  • $40,905Additional noninterest income
  • $136,723Total noninterest expense
  • $78,947Salaries and employee benefits
  • $21,483Premises and equipment expense
  • $36,293Additional noninterest expense
  • $15,005Pre-tax net operating income
  • $10,494Securities gains (losses)
  • $9,258Applicable income taxes
  • $16,241Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,241Net income attributable to bank
  • $0Net charge-offs
  • $16,241Cash dividends
  • $41,730Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.86%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 2.38%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 2.43%Return on equity (ROE)
  • 2.43%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 119.36%Credit loss provision to net charge-offs
  • 1.55%Efficiency ratio
  • 67,723Assets per employee
  • 8.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 27.84%Noncurrent assets plus other real estate owned to assets
  • 3.84%Noncurrent loans to loans
  • 5.78%Net loans and leases to deposits
  • 83.12%Net loans and leases to core deposits
  • 89.61%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 15.93%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $6,645,725Average earning assets
  • $669,016Average equity
  • $6,337,413Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $444,300Managed Assets
  • 1Number of Accounts
  • $402,656Personal trust and agency accounts
  • $331,141Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $71,515Non-managed Assets
  • 202Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $41,644Other retirement accounts
  • $4,030Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 14 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016059Mercantil Commercebank, National Association220 Alhambra Circle - 12th Floor, Coral Gables, FL 33134September 17, 1979Full Service Brick and Mortar
    1255707Coral Gables Branch220 Alhambra Circle, Coral Gables, FL 33134April 26, 1982Full Service Brick and Mortar
    311630Biscayne Boulevard Branch11900 Biscayne Boulevard, Miami, FL 33181September 18, 1956Full Service Brick and Mortar
    5242490Airport West Branch3105 Northwest 107 Avenue, Miami, FL 33172October 25, 1982Full Service Brick and Mortar
    8252574East Hialeah Branch1601 East Fourth Avenue, Hialeah, FL 33010November 15, 1982Full Service Brick and Mortar
    9255709West Hialeah Branch11701 West Okeechobee Road, Hialeah, FL 33018March 08, 1990Full Service Brick and Mortar
    11255711Pompano Beach Branch1000 South Powerline Road, Pompano Beach, FL 33069May 22, 1995Full Service Brick and Mortar
    14360555Kendall Branch11631 Southwest 88th Street, Miami, FL 33176June 18, 2001Full Service Brick and Mortar
    15360991Weston Branch2630 Weston Road, Weston, FL 33331November 20, 2000Full Service Brick and Mortar
    16419926Galloway Branch8726 Northwest 26th Street, Miami, FL 33172May 28, 2003Full Service Brick and Mortar
    20442654Tamiami Branch13650 Southwest 131 Street, Miami, FL 33186June 28, 2005Full Service Brick and Mortar
    2161646Pinecrest Branch8181 S.W. 117th Street, Pinecrest, FL 33156April 26, 1999Full Service Brick and Mortar
    22366313Aventura Branch3001 Aventura Boulevard, Aventura, FL 33180Febuary 03, 2003Full Service Brick and Mortar
    23445013Coral Way Branch7171 Coral Way, Suite 100, Miami, FL 33155April 30, 2002Full Service Brick and Mortar
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13239252New York Branch11 East 51st Street, New York City, NY 10022Febuary 10, 1969Full Service Brick and Mortar
  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    17440388Dallas Street Branch717 Texas Avenue, Suite 100, Houston, TX 77002April 22, 2005Full Service Brick and Mortar

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