Mercantile Bank Texas in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 13, 2004

  • Mercantile Bank Texas in Fort Worth, Texas (TX)
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Mercantile Bank Texas - Overview

  • General
  • FDIC Certificate #: 22790
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: State National Bank (#34336)
    Federal Reserve ID: 322458
    Date Established: January 15, 1979
    WWW: http://www.mbtx.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 15913
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 15, 1979
    Last Structure Change Effective Date: August 13, 2004
    Last Structure Change Process Date: October 25, 2004
    Last Data Update: October 25, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 4500 Mercantile Plaza, Suite 100, Fort Worth, TX 76137
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $212.7 mil

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

2000 - 2011 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, 2003)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $200,030Total assets
  • $21,000Cash and due from depository institutions
  • $4,005Interest-bearing balances
  • $24,019Securities
  • $3,955Federal funds sold & reverse repurchase agreements
  • $143,164Net loans & leases
  • $1,453Loan loss allowance
  • $0Trading account assets
  • $4,443Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,449All other assets
  • $200,030Total liabilities and capital
  • $184,171Total liabilities
  • $182,563Total deposits
  • $110,819Interest-bearing deposits
  • $182,563Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,465Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $143All other liabilities
  • $15,859Total equity capital
  • $15,859Total bank equity capital
  • $15,859Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $13,000Undivided profits
  • Memoranda
  • $1,859Noncurrent loans and leases
  • $38,783Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $354Earning assets
  • $0Long-term assets (5+ years)
  • $606Average Assets, year-to-date
  • $175,143Average Assets, quarterly
  • $4,260Volatile liabilities
  • $200,320Insider loans
  • $194,942FHLB advances
  • $15,937Loans and leases held for sale
  • $1,057Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $38,783Total unused commitments
  • $0Restructured Loans and leases
  • $1,453Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $9,943Total interest income
  • $1,024Total interest expense
  • $8,919Net interest income
  • $348Provision for loan and lease losses
  • $1,113Total noninterest income
  • $0Fiduciary activities
  • $756Service charges on deposit accounts
  • $0Trading account gains & fees
  • $357Additional noninterest income
  • $6,657Total noninterest expense
  • $3,956Salaries and employee benefits
  • $746Premises and equipment expense
  • $1,955Additional noninterest expense
  • $3,027Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,028Applicable income taxes
  • $1,999Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,999Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 5.13%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 13.40%Return on equity (ROE)
  • 13.40%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2320.00%Credit loss provision to net charge-offs
  • 225.00%Efficiency ratio
  • 66,358Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 410.45%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 78.42%Net loans and leases to core deposits
  • 85.17%Equity capital to assets
  • 7.93%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 9.96%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $200,320Average earning assets
  • $14,921Average equity
  • $173,961Average loans

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