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Table of contents:
GeneralFDIC 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
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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)765
Total assets$6,635,895
Cash and due from depository institutions$186,630
Interest-bearing balances$175,929
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$4,104,751
Loan loss allowance $67,146
Trading account assets$8,864
Bank premises and fixed assets$79,629
Other real estate owned$13,678
Goodwill and other intangibles$17,255
All other assets$144,123
Life insurance assets$6,635,895
Total liabilities and capital$5,953,766
Total liabilities$4,938,105
Total deposits$4,005,900
Interest-bearing deposits$4,938,105
Deposits held in domestic offices$83
% insured (estimated)491758.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$487,250
Other borrowed funds $0
Subordinated debt $36,653
All other liabilities $682,129
Total equity capital$682,035
Total bank equity capital$682,035
Perpetual preferred stock$0
Common stock$118,961
Undivided profits $254,742
Noncurrent loans and leases $94
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $417
Income earned, not collected on loans $241,206
Earning assets $475
Long-term assets (5+ years) $20,720
Average Assets, year-to-date $6,370,509
Average Assets, quarterly $1,020,531
Volatile liabilities $6,645,725
Insider loans $6,695,898
FHLB advances $3,830,376
Loans and leases held for sale $6,778,650
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $610,232
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $508,874
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $181,197
Total interest expense $30,149
Net interest income $151,048
Provision for loan and lease losses $49,811
Total noninterest income $50,491
Fiduciary activities $1,858
Service charges on deposit accounts $7,640
Trading account gains & fees $88
Additional noninterest income $40,905
Total noninterest expense $136,723
Salaries and employee benefits $78,947
Premises and equipment expense $21,483
Additional noninterest expense $36,293
Pre-tax net operating income $15,005
Securities gains (losses) $10,494
Applicable income taxes $9,258
Income before extraordinary items $16,241
Extraordinary gains - net $0
Net income attributable to bank $16,241
Net charge-offs $0
Cash dividends $16,241
Sale, conversion, retirement of capital stock, net $41,730
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.86%
Cost of funding earning assets 0.48%
Net interest margin 2.38%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 2.16%
Net operating income to assets 0.14%
Return on assets (ROA) 0.24%
Pretax return on assets 0.38%
Return on equity (ROE) 2.43%
Retained earnings to average equity (YTD only) 2.43%
Net charge-offs to loans 1.06%
Credit loss provision to net charge-offs 119.36%
Efficiency ratio1.55%
Assets per employee$67,723
Cash dividends to net income (YTD only)8.67%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.61%
Noncurrent assets plus other real estate owned to assets 27.84%
Noncurrent loans to loans 3.84%
Net loans and leases to deposits5.78%
Net loans and leases to core deposits 83.12%
Equity capital to assets 89.61%
Core capital (leverage) ratio 10.28%
Tier 1 risk-based capital ratio 9.00%
Total risk-based capital ratio 15.93%
Average assets$17
Average earning assets$6,645,725
Average equity $669,016
Average loans $6,337,413
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$444,300
Number of Accounts1
Personal trust and agency accounts$402,656
Employee benefit-defined contribution accounts$331,141
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$71,515
Number of Accounts202
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$41,644
Corporate trust and agency accounts$4,030
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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
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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
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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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