Mercantile Bank National Association in Hartford, Illinois (IL)



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Mercantile Bank National Association
GeneralFDIC 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
LocationAddress: 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 ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$2,588
Cash and due from depository institutions$7,627,240
Interest-bearing balances$1,068,134
Securities$80,489
Federal funds sold & reverse repurchase agreements$1,336,258
Net loans & leases$581,550
Loan loss allowance $4,373,436
Trading account assets$45,706
Bank premises and fixed assets$6,419
Other real estate owned$111,351
Goodwill and other intangibles$5,471
All other assets$5,654
Life insurance assets$138,967
Total liabilities and capital$0
Total liabilities$7,627,240
Total deposits$7,124,373
Interest-bearing deposits$4,811,168
Deposits held in domestic offices$3,381,368
% insured (estimated)4362262.00%
Federal funds purchased & repurchase agreements $58
Trading liabilities$1,570,764
Other borrowed funds $5,306
Subordinated debt $567,399
All other liabilities $75,000
Total equity capital$94,736
Total bank equity capital$94,736
Perpetual preferred stock$502,867
Common stock$0
Surplus$33,866
Undivided profits $129,574
Memoranda
Noncurrent loans and leases $339,427
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $26,336
Earning assets $22,715
Long-term assets (5+ years) $6,372,233
Average Assets, year-to-date $386,500
Average Assets, quarterly $7,268,450
Volatile liabilities $7,542,345
Insider loans $2,876,435
FHLB advances $246,851
Loans and leases held for sale $0
Unused loan commitments $35,515
Tier 1 (core) risk-based capital $1,836,389
Tier 2 risk-based capital $0
Total risk weighted assets $497,748
Total unused commitments $5,253,771
Restructured Loans and leases $0
Derivatives$635,402
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $455,424
Net interest income $244,547
Provision for loan and lease losses $210,877
Total noninterest income $15,793
Fiduciary activities $140,837
Service charges on deposit accounts $27,896
Trading account gains & fees $30,536
Additional noninterest income $3,080
Total noninterest expense $79,325
Salaries and employee benefits $208,430
Premises and equipment expense $124,994
Additional noninterest expense $31,735
Pre-tax net operating income $51,701
Securities gains (losses) $127,491
Applicable income taxes $2,444
Income before extraordinary items $42,756
Extraordinary gains - net $87,179
Net income attributable to bank $0
Net charge-offs $87,179
Cash dividends $29,963
Sale, conversion, retirement of capital stock, net $143,649
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 7.30%
Net interest margin 3.92%
Noninterest income to earning assets 3.38%
Noninterest expense to earning assets 2.26%
Net operating income to assets 3.34%
Return on assets (ROA) 1.18%
Pretax return on assets 1.20%
Return on equity (ROE) 1.79%
Retained earnings to average equity (YTD only) 16.42%
Net charge-offs to loans -10.64%
Credit loss provision to net charge-offs 0.69%
Efficiency ratio52.71%
Assets per employee$58,883
Cash dividends to net income (YTD only)2.95%
Condition Ratios (%)
Loss allowance to loans 164.77%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 173.55%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.60%
Net loans and leases to core deposits 90.90%
Equity capital to assets 119.41%
Core capital (leverage) ratio 6.59%
Tier 1 risk-based capital ratio 6.94%
Total risk-based capital ratio 9.47%
Memoranda
Average assets$12
Average earning assets$7,268,450
Average equity $530,884
Average loans $6,237,455
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