Mercantile Bank, FSB in Davenport, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 22, 1997

  • Mercantile Bank, FSB in Davenport, Iowa (IA)
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Mercantile Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28800
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
    Federal Reserve ID: 220273
    Date Established: January 01, 1933
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2389
    FDIC's unique #: 41634
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: October 31, 1934
    Last Structure Change Effective Date: November 22, 1997
    Last Structure Change Process Date: January 08, 1998
    Last Data Update: January 08, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 West Third St, Davenport, IA 52801
    County: Scott
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960)
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • Financial Summary
  • Total assets: $385.3 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)
  • $115Total assets
  • $408,074Cash and due from depository institutions
  • $5,620Interest-bearing balances
  • $1,903Securities
  • $59,382Federal funds sold & reverse repurchase agreements
  • $3,400Net loans & leases
  • $317,558Loan loss allowance
  • $4,974Trading account assets
  • $0Bank premises and fixed assets
  • $4,118Other real estate owned
  • $233Goodwill and other intangibles
  • $16,251Life insurance assets
  • $1,512All other assets
  • $0Total liabilities and capital
  • $408,070Total liabilities
  • $369,835Total deposits
  • $251,716Interest-bearing deposits
  • $242,318Deposits held in domestic offices
  • 251716.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $109,000Subordinated debt
  • $0All other liabilities
  • $9,119Total equity capital
  • $9,119Total bank equity capital
  • $38,235Perpetual preferred stock
  • $0Common stock
  • $21Surplus
  • $37,459Undivided profits
  • Memoranda
  • $755Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $901Income earned, not collected on loans
  • $1,964Earning assets
  • $382,243Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $398,263Average Assets, quarterly
  • $402,538Volatile liabilities
  • $120,976Insider loans
  • $557FHLB advances
  • $6,000Loans and leases held for sale
  • $0Unused loan commitments
  • $42,219Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $37,715Total risk weighted assets
  • $209,394Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,514Total interest expense
  • $16,856Net interest income
  • $12,658Provision for loan and lease losses
  • $0Total noninterest income
  • $2,435Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,435Total noninterest expense
  • $9,513Salaries and employee benefits
  • $4,339Premises and equipment expense
  • $1,382Additional noninterest expense
  • $3,792Pre-tax net operating income
  • $5,580Securities gains (losses)
  • $611Applicable income taxes
  • $2,368Income before extraordinary items
  • $3,823Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,823Net charge-offs
  • $1,314Cash dividends
  • $4,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.88%Cost of funding earning assets
  • 4.50%Net interest margin
  • 3.38%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 2.54%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 1.55%Return on equity (ROE)
  • 10.77%Retained earnings to average equity (YTD only)
  • -1.63%Net charge-offs to loans
  • 0.43%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,029Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 115.09%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 552.05%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 126.16%Net loans and leases to core deposits
  • 132.46%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.25%Tier 1 risk-based capital ratio
  • 18.01%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $398,263Average earning assets
  • $35,488Average equity
  • $374,492Average loans

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