Mercantile Bank in Overland Park, Kansas (KS)



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Mercantile Bank
GeneralFDIC Certificate #: 4710
Status: Inactive
Closing history: Corrections
Acquiring institution: Firstar Bank, National Association (#10927)
Federal Reserve ID: 349053
Date Established: January 01, 1872
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 46 (Interstate: No)
OTS Docket #: 13902
FDIC's unique #: 3132
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 16, 1997
Last Structure Change Process Date: June 05, 1997
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
LocationAddress: 9900 West 87th Street, Overland Park, KS 66212
County: Johnson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Kansas City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
History of ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $2,023.0 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)
Total employees (full-time equivalent)0
Total assets$754
Cash and due from depository institutions$2,007,718
Interest-bearing balances$76,647
Securities$40,000
Federal funds sold & reverse repurchase agreements$557,011
Net loans & leases$80,125
Loan loss allowance $1,227,991
Trading account assets$19,968
Bank premises and fixed assets$0
Other real estate owned$34,344
Goodwill and other intangibles$182
All other assets$2,722
Life insurance assets$28,696
Total liabilities and capital$0
Total liabilities$2,007,718
Total deposits$1,842,424
Interest-bearing deposits$1,714,530
Deposits held in domestic offices$1,430,074
% insured (estimated)1714530.00%
Federal funds purchased & repurchase agreements $83
Trading liabilities$110,069
Other borrowed funds $0
Subordinated debt $304
All other liabilities $0
Total equity capital$17,521
Total bank equity capital$17,521
Perpetual preferred stock$165,294
Common stock$0
Surplus$32,000
Undivided profits $84,096
Memoranda
Noncurrent loans and leases $49,198
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $10,913
Earning assets $11,019
Long-term assets (5+ years) $1,905,127
Average Assets, year-to-date $174,610
Average Assets, quarterly $1,757,169
Volatile liabilities $1,991,103
Insider loans $220,853
FHLB advances $32,407
Loans and leases held for sale $0
Unused loan commitments $1,969
Tier 1 (core) risk-based capital $271,914
Tier 2 risk-based capital $0
Total risk weighted assets $160,563
Total unused commitments $1,254,062
Restructured Loans and leases $0
Derivatives$377
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $134,297
Net interest income $59,402
Provision for loan and lease losses $74,895
Total noninterest income $7,378
Fiduciary activities $29,156
Service charges on deposit accounts $5,091
Trading account gains & fees $10,709
Additional noninterest income $444
Total noninterest expense $12,912
Salaries and employee benefits $58,433
Premises and equipment expense $28,384
Additional noninterest expense $8,705
Pre-tax net operating income $21,344
Securities gains (losses) $38,240
Applicable income taxes $3
Income before extraordinary items $10,834
Extraordinary gains - net $27,409
Net income attributable to bank $0
Net charge-offs $27,409
Cash dividends $9,822
Sale, conversion, retirement of capital stock, net $18,344
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.20%
Net interest margin 3.63%
Noninterest income to earning assets 4.58%
Noninterest expense to earning assets 1.78%
Net operating income to assets 3.57%
Return on assets (ROA) 1.56%
Pretax return on assets 1.56%
Return on equity (ROE) 2.18%
Retained earnings to average equity (YTD only) 19.55%
Net charge-offs to loans 6.47%
Credit loss provision to net charge-offs 0.90%
Efficiency ratio75.12%
Assets per employee$55,638
Cash dividends to net income (YTD only)2.66%
Condition Ratios (%)
Loss allowance to loans 66.93%
Loss allowance to noncurrent loans 1.60%
Noncurrent assets plus other real estate owned to assets 182.97%
Noncurrent loans to loans 0.55%
Net loans and leases to deposits0.87%
Net loans and leases to core deposits 71.62%
Equity capital to assets 76.56%
Core capital (leverage) ratio 8.23%
Tier 1 risk-based capital ratio 8.14%
Total risk-based capital ratio 12.80%
Memoranda
Average assets$14
Average earning assets$1,757,169
Average equity $140,211
Average loans $1,636,796
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