Mercantile Bank National Association in Hartford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1997

  • Mercantile Bank National Association in Hartford, Illinois (IL)
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Mercantile Bank National Association - Overview

  • General
  • FDIC Certificate #: 18159
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mercantile Bank National Association (#4601)
    Federal Reserve ID: 626446
    Date Established: March 05, 1959
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 80 (Interstate: No)
    OTS Docket #: 14480
    FDIC's unique #: 12080
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 08, 1960
    Last Structure Change Effective Date: November 13, 1997
    Last Structure Change Process Date: December 12, 1997
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 140 West Hawthorne, Hartford, IL 62048
    County: Madison
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $10,862.7 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)
  • $2,588Total assets
  • $7,627,240Cash and due from depository institutions
  • $1,068,134Interest-bearing balances
  • $80,489Securities
  • $1,336,258Federal funds sold & reverse repurchase agreements
  • $581,550Net loans & leases
  • $4,373,436Loan loss allowance
  • $45,706Trading account assets
  • $6,419Bank premises and fixed assets
  • $111,351Other real estate owned
  • $5,471Goodwill and other intangibles
  • $138,967Life insurance assets
  • $5,654All other assets
  • $0Total liabilities and capital
  • $7,627,240Total liabilities
  • $7,124,373Total deposits
  • $4,811,168Interest-bearing deposits
  • $3,381,368Deposits held in domestic offices
  • 4362262.00%% insured (estimated)
  • $58Federal funds purchased & repurchase agreements
  • $1,570,764Trading liabilities
  • $5,306Other borrowed funds
  • $567,399Subordinated debt
  • $75,000All other liabilities
  • $94,736Total equity capital
  • $94,736Total bank equity capital
  • $502,867Perpetual preferred stock
  • $0Common stock
  • $33,866Surplus
  • $129,574Undivided profits
  • Memoranda
  • $339,427Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,336Income earned, not collected on loans
  • $22,715Earning assets
  • $6,372,233Long-term assets (5+ years)
  • $386,500Average Assets, year-to-date
  • $7,268,450Average Assets, quarterly
  • $7,542,345Volatile liabilities
  • $2,876,435Insider loans
  • $246,851FHLB advances
  • $0Loans and leases held for sale
  • $35,515Unused loan commitments
  • $1,836,389Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $497,748Total risk weighted assets
  • $5,253,771Total unused commitments
  • $0Restructured Loans and leases
  • $635,402Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $455,424Total interest expense
  • $244,547Net interest income
  • $210,877Provision for loan and lease losses
  • $15,793Total noninterest income
  • $140,837Fiduciary activities
  • $27,896Service charges on deposit accounts
  • $30,536Trading account gains & fees
  • $3,080Additional noninterest income
  • $79,325Total noninterest expense
  • $208,430Salaries and employee benefits
  • $124,994Premises and equipment expense
  • $31,735Additional noninterest expense
  • $51,701Pre-tax net operating income
  • $127,491Securities gains (losses)
  • $2,444Applicable income taxes
  • $42,756Income before extraordinary items
  • $87,179Extraordinary gains - net
  • $0Net income attributable to bank
  • $87,179Net charge-offs
  • $29,963Cash dividends
  • $143,649Sale, 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
  • 7.30%Cost of funding earning assets
  • 3.92%Net interest margin
  • 3.38%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 1.79%Return on equity (ROE)
  • 16.42%Retained earnings to average equity (YTD only)
  • -10.64%Net charge-offs to loans
  • 0.69%Credit loss provision to net charge-offs
  • 52.71%Efficiency ratio
  • 58,883Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 164.77%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 173.55%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 90.90%Net loans and leases to core deposits
  • 119.41%Equity capital to assets
  • 6.59%Core capital (leverage) ratio
  • 6.94%Tier 1 risk-based capital ratio
  • 9.47%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $7,268,450Average earning assets
  • $530,884Average equity
  • $6,237,455Average loans

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