Mercantile Bank in Quincy, Illinois (IL), IN
Overview, Financial Summary, Detailed Financial Reports, Branches


Mercantile Bank - Overview

  • General
  • FDIC Certificate #: 11301
    Status: Active
    Federal Reserve ID: 481542
    Bank Holding Company (Regulatory Top Holder): Mercantile Bancorp, Inc. (RSSDID: 1099328, Location: Quincy, IL)
    Date Established: April 09, 1906
    WWW: http://www.mercantilebk.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    OTS Docket #: 10913
    FDIC's unique #: 7215
    Numeric code: 21
    Regulator: FDIC
    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: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 19, 2008
    Last Structure Change Process Date: April 21, 2008
    Last Data Update: April 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North 33rd Street, Quincy, IL 62301
    County: Adams
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Quincy, IL-MO (#39500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $627.8 mil
    Equity capital: $36.5 mil
    Deposits held in domestic offices: $564.1 mil
    Return on assets (ROA): -1.48% (-$9.3 mil)
    Quarterly return on assets: -2.88% (-$18.1 mil)
    Return on Equity (ROE): -22.07% (-$8.2 mil)
    Quarterly return on equity: -47.12% (-$17.4 mil)
    Net income: -$9.7 mil
    Quarterly Net income: -$4.6 mil
    Pretax return on assets: -1.48% (-$9,290.8 mil)
    Quarterly Pretax return on assets: -2.88% (-$18,079.3 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
  • 145Total employees (full-time equivalent)
  • $627,755Total assets
  • $107,293Cash and due from depository institutions
  • $101,182Interest-bearing balances
  • $83,192Securities
  • $2,430Federal funds sold & reverse repurchase agreements
  • $383,179Net loans & leases
  • $10,540Loan loss allowance
  • $0Trading account assets
  • $17,257Bank premises and fixed assets
  • $13,293Other real estate owned
  • $1,072Goodwill and other intangibles
  • $627,755Life insurance assets
  • $20,039All other assets
  • $591,234Total liabilities and capital
  • $564,106Total liabilities
  • $493,895Total deposits
  • $564,106Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 16747.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,697Trading liabilities
  • $0Other borrowed funds
  • $4,684Subordinated debt
  • $36,521All other liabilities
  • $36,521Total equity capital
  • $36,521Total bank equity capital
  • $0Perpetual preferred stock
  • $2,520Common stock
  • $24,778Surplus
  • $9,223Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,200Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,274Income earned, not collected on loans
  • $0Earning assets
  • $2,291Long-term assets (5+ years)
  • $569,983Average Assets, year-to-date
  • $133,986Average Assets, quarterly
  • $655,059Volatile liabilities
  • $637,120Insider loans
  • $413,163FHLB advances
  • $628,334Loans and leases held for sale
  • $12,104Unused loan commitments
  • $8,735Tier 1 (core) risk-based capital
  • $35,025Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,369Total unused commitments
  • $61,130Restructured Loans and leases
  • $6,364Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,001Total interest income
  • $9,102Total interest expense
  • $17,899Net interest income
  • $11,852Provision for loan and lease losses
  • $4,682Total noninterest income
  • $2,506Fiduciary activities
  • $1,161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,015Additional noninterest income
  • $20,410Total noninterest expense
  • $8,511Salaries and employee benefits
  • $2,184Premises and equipment expense
  • $9,715Additional noninterest expense
  • -$9,681Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • -$9,679Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,679Net income attributable to bank
  • $0Net charge-offs
  • -$9,679Cash dividends
  • $13,667Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • -1.48%Net operating income to assets
  • -1.48%Return on assets (ROA)
  • -1.48%Pretax return on assets
  • -22.07%Return on equity (ROE)
  • -22.07%Retained earnings to average equity (YTD only)
  • 3.11%Net charge-offs to loans
  • 86.72%Credit loss provision to net charge-offs
  • 0.16%Efficiency ratio
  • 90,386Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 79.40%Noncurrent assets plus other real estate owned to assets
  • 4.23%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 67.93%Net loans and leases to core deposits
  • 80.88%Equity capital to assets
  • 5.82%Core capital (leverage) ratio
  • 5.57%Tier 1 risk-based capital ratio
  • 8.48%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $655,059Average earning assets
  • $43,847Average equity
  • $594,321Average 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
  • $285,398Managed Assets
  • 1Number of Accounts
  • $254,767Personal trust and agency accounts
  • $178,859Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,991Other retirement accounts
  • $1,420Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,005Other fiduciary accounts
  • $43,492Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 547Number of Accounts
  • $0Personal trust and agency accounts
  • $1,420Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,631Other retirement accounts
  • $14,947Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $5,202Fiduciary accounts held in foreign offices

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07215Mercantile Bank200 North 33rd Street, Quincy, IL 62301April 09, 1906Full Service Brick and Mortar
    1224331Motor FacilityEighth And Jersey Streets, Quincy, IL 62301July 17, 1968Limited Service Facility
    5301164Broadway Street Wal-Mart Branch5211 Broadway Street, Quincy, IL 62301April 19, 2000Full Service Retail
    11512905Maine Street Branch440 Maine Street, Quincy, IL 62301January 07, 2008Full Service Brick and Mortar
  • 2 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9474214Carmel Lpo12821 East New Market Street, Suite 301, Carmel, IN 46032March 12, 2008Limited Service Loan Production
    10492900Carmel Branch12813 East New Market St, Carmel, IN 46032April 01, 2009Full Service Retail

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