Mercantile Bank, National Association in Brownsville, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 1999

  • Mercantile Bank, National Association in Brownsville, Texas (TX)
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Mercantile Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3117
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 108755
    Date Established: January 01, 1914
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    OTS Docket #: 9928
    FDIC's unique #: 1991
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 19, 1999
    Last Structure Change Process Date: June 30, 1999
    Last Data Update: June 30, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 835 East Levee Street, Brownsville, TX 78520
    County: Cameron
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Brownsville-Harlingen-San Benito, TX (#1240)
    Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154)
    Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180)
    CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
  • Financial Summary
  • Total assets: $789.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 391Total employees (full-time equivalent)
  • $828,530Total assets
  • $38,656Cash and due from depository institutions
  • $27Interest-bearing balances
  • $279,139Securities
  • $128,185Federal funds sold & reverse repurchase agreements
  • $332,831Net loans & leases
  • $2,678Loan loss allowance
  • $0Trading account assets
  • $38,154Bank premises and fixed assets
  • $901Other real estate owned
  • $2,791Goodwill and other intangibles
  • $0Life insurance assets
  • $7,873All other assets
  • $828,530Total liabilities and capital
  • $736,452Total liabilities
  • $676,021Total deposits
  • $584,826Interest-bearing deposits
  • $676,021Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $56,568Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $501Other borrowed funds
  • $0Subordinated debt
  • $3,362All other liabilities
  • $92,078Total equity capital
  • $92,078Total bank equity capital
  • $92,078Perpetual preferred stock
  • $0Common stock
  • $2,740Surplus
  • $19,674Undivided profits
  • Memoranda
  • $69,664Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,025Earning assets
  • $139Long-term assets (5+ years)
  • $2,374Average Assets, year-to-date
  • $740,182Average Assets, quarterly
  • $70,322Volatile liabilities
  • $836,232Insider loans
  • $834,852FHLB advances
  • $289,144Loans and leases held for sale
  • $58,041Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $83,744Total unused commitments
  • $0Restructured Loans and leases
  • $458,373Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $54,881Total interest income
  • $27,821Total interest expense
  • $27,060Net interest income
  • $725Provision for loan and lease losses
  • $6,682Total noninterest income
  • $1,790Fiduciary activities
  • $3,640Service charges on deposit accounts
  • $156Trading account gains & fees
  • $1,096Additional noninterest income
  • $21,385Total noninterest expense
  • $10,909Salaries and employee benefits
  • $3,604Premises and equipment expense
  • $6,872Additional noninterest expense
  • $11,632Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,677Applicable income taxes
  • $7,955Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,955Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $876Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.31%Yield on earning assets
  • 3.71%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 9.11%Return on equity (ROE)
  • 9.11%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 82.76%Credit loss provision to net charge-offs
  • 14.11%Efficiency ratio
  • 62,406Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 44.45%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 49.23%Net loans and leases to core deposits
  • 74.97%Equity capital to assets
  • 11.11%Core capital (leverage) ratio
  • 10.41%Tier 1 risk-based capital ratio
  • 19.07%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $836,232Average earning assets
  • $87,335Average equity
  • $750,688Average loans

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