Mercantile Bank in Sacramento, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1997

  • Mercantile Bank in Sacramento, California (CA)
  • Show street view No street view available for this location

Mercantile Bank - Overview

  • General
  • FDIC Certificate #: 22206
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SierraWest Bank (#23323)
    Federal Reserve ID: 168067
    Date Established: January 15, 1976
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 15428
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 15, 1976
    Last Structure Change Effective Date: June 30, 1997
    Last Structure Change Process Date: July 22, 1997
    Last Data Update: July 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 455 Capitol Mall, Suite 104, Sacramento, CA 95814
    County: Sacramento
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Sacramento, CA (#6920)
    Consolidated Metropolitan Statistical Area (CMSA): Sacramento-Yolo, CA (#82)
    Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472)
    Core Based Statistical Area (CBSA): Sacramento-Arden-Arcade-Roseville, CA (#40900)
    CBSA Metro Statistical Area: Sacramento-Arden-Arcade-Roseville, CA (#40900)
  • Financial Summary
  • Total assets: $47.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $46,674Cash and due from depository institutions
  • $5,254Interest-bearing balances
  • $0Securities
  • $3,507Federal funds sold & reverse repurchase agreements
  • $4,855Net loans & leases
  • $30,800Loan loss allowance
  • $1,092Trading account assets
  • $0Bank premises and fixed assets
  • $98Other real estate owned
  • $770Goodwill and other intangibles
  • $1,390Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,674Total liabilities
  • $41,742Total deposits
  • $41,246Interest-bearing deposits
  • $32,878Deposits held in domestic offices
  • 41246.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $496Total equity capital
  • $496Total bank equity capital
  • $4,932Perpetual preferred stock
  • $0Common stock
  • $1,751Surplus
  • $1,093Undivided profits
  • Memoranda
  • $2,088Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,160Income earned, not collected on loans
  • $204Earning assets
  • $39,162Long-term assets (5+ years)
  • $1,927Average Assets, year-to-date
  • $49,120Average Assets, quarterly
  • $47,077Volatile liabilities
  • $10,326Insider loans
  • $1,436FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,365Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,901Total risk weighted assets
  • $36,049Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,069Total interest expense
  • $1,688Net interest income
  • $2,381Provision for loan and lease losses
  • $428Total noninterest income
  • $420Fiduciary activities
  • $0Service charges on deposit accounts
  • $79Trading account gains & fees
  • $0Additional noninterest income
  • $341Total noninterest expense
  • $1,721Salaries and employee benefits
  • $797Premises and equipment expense
  • $186Additional noninterest expense
  • $738Pre-tax net operating income
  • $652Securities gains (losses)
  • $4Applicable income taxes
  • $298Income before extraordinary items
  • $358Extraordinary gains - net
  • $0Net income attributable to bank
  • $358Net charge-offs
  • $244Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $424Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.30%Cost of funding earning assets
  • 3.86%Net interest margin
  • 5.44%Noninterest income to earning assets
  • 0.96%Noninterest expense to earning assets
  • 3.94%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 1.34%Return on equity (ROE)
  • 7.73%Retained earnings to average equity (YTD only)
  • 7.73%Net charge-offs to loans
  • 0.72%Credit loss provision to net charge-offs
  • 175.41%Efficiency ratio
  • 61,442Assets per employee
  • 2.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 94.14%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 74.67%Net loans and leases to core deposits
  • 99.61%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 10.58%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $49,120Average earning assets
  • $4,630Average equity
  • $43,732Average loans

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