Mercantile Bank and Trust Company in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mercantile Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 27335
    Status: Active
    Federal Reserve ID: 1216992
    Bank Holding Company (Regulatory Top Holder): Mercantile Capital Corp (RSSDID: 1250763, Location: Boston, MA)
    Date Established: September 14, 1988
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 39604
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 14, 1988
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 61-65 Brookline Avenue, Boston, MA 2215
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $191.9 mil
    Equity capital: $20.4 mil
    Deposits held in domestic offices: $161.8 mil
    Return on assets (ROA): 1.11% ($2.1 mil)
    Quarterly return on assets: 0.99% ($1.9 mil)
    Return on Equity (ROE): 10.58% ($2.1 mil)
    Quarterly return on equity: 9.22% ($1.8 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.87% ($3,588.7 mil)
    Quarterly Pretax return on assets: 1.68% ($3,224.1 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, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $191,910Total assets
  • $16,106Cash and due from depository institutions
  • $13,877Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $170,942Net loans & leases
  • $1,686Loan loss allowance
  • $0Trading account assets
  • $1,808Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $191,910Life insurance assets
  • $3,054All other assets
  • $171,524Total liabilities and capital
  • $161,820Total liabilities
  • $124,760Total deposits
  • $161,820Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,365Trading liabilities
  • $0Other borrowed funds
  • $1,339Subordinated debt
  • $20,386All other liabilities
  • $20,386Total equity capital
  • $20,386Total bank equity capital
  • $0Perpetual preferred stock
  • $3,900Common stock
  • $19,910Surplus
  • $-3,424Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $689Long-term assets (5+ years)
  • $184,819Average Assets, year-to-date
  • $3,954Average Assets, quarterly
  • $178,627Volatile liabilities
  • $188,807Insider loans
  • $158,403FHLB advances
  • $192,304Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,386Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,576Restructured Loans and leases
  • $353Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,799Total interest income
  • $1,586Total interest expense
  • $8,213Net interest income
  • $300Provision for loan and lease losses
  • $494Total noninterest income
  • $0Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $243Additional noninterest income
  • $5,108Total noninterest expense
  • $3,097Salaries and employee benefits
  • $869Premises and equipment expense
  • $1,142Additional noninterest expense
  • $3,299Pre-tax net operating income
  • $36Securities gains (losses)
  • $1,345Applicable income taxes
  • $1,990Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,990Net income attributable to bank
  • $0Net charge-offs
  • $1,990Cash dividends
  • $209Sale, conversion, retirement of capital stock, net
  • $2,608Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.70%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.78%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 10.58%Return on equity (ROE)
  • -3.29%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 143.54%Credit loss provision to net charge-offs
  • 17.22%Efficiency ratio
  • 58,665Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.06%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 105.64%Net loans and leases to core deposits
  • 113.60%Equity capital to assets
  • 10.62%Core capital (leverage) ratio
  • 10.60%Tier 1 risk-based capital ratio
  • 12.87%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $178,627Average earning assets
  • $18,812Average equity
  • $171,908Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039604Mercantile Bank And Trust Company61-65 Brookline Avenue, Boston, MA 2215September 14, 1988Full Service Brick and Mortar
    1358563Brighton Branch423 Washington Street, Brighton, MA 2135September 27, 2000Full Service Brick and Mortar
    2423460South End Branch1320 Washington Street, Boston, MA 2118October 01, 2003Full Service Brick and Mortar

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