Mercantile Bank of Cedar Rapids, Iowa in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 17, 1996

  • Mercantile Bank of Cedar Rapids, Iowa in Cedar Rapids, Iowa (IA)
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Mercantile Bank of Cedar Rapids, Iowa - Overview

  • General
  • FDIC Certificate #: 10112
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
    Federal Reserve ID: 769549
    Date Established: June 01, 1922
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 6466
    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 01, 1934
    Last Structure Change Effective Date: August 17, 1996
    Last Structure Change Process Date: August 28, 1996
    Last Data Update: August 28, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 Old Marion Road, N.E., Cedar Rapids, IA 52402
    County: Linn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • Financial Summary
  • Total assets: $220.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $49Total assets
  • $124,261Cash and due from depository institutions
  • $7,550Interest-bearing balances
  • $0Securities
  • $5,583Federal funds sold & reverse repurchase agreements
  • $5,720Net loans & leases
  • $96,826Loan loss allowance
  • $2,468Trading account assets
  • $0Bank premises and fixed assets
  • $4,103Other real estate owned
  • $0Goodwill and other intangibles
  • $1,742Life insurance assets
  • $2,737All other assets
  • $0Total liabilities and capital
  • $124,261Total liabilities
  • $112,170Total deposits
  • $110,089Interest-bearing deposits
  • $92,288Deposits held in domestic offices
  • 110089.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,081Total equity capital
  • $2,081Total bank equity capital
  • $12,091Perpetual preferred stock
  • $0Common stock
  • $735Surplus
  • $8,765Undivided profits
  • Memoranda
  • $2,591Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $459Income earned, not collected on loans
  • $682Earning assets
  • $108,129Long-term assets (5+ years)
  • $6,822Average Assets, year-to-date
  • $124,152Average Assets, quarterly
  • $125,033Volatile liabilities
  • $9,021Insider loans
  • $1,992FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $32,731Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,357Total risk weighted assets
  • $103,250Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,461Total interest expense
  • $4,194Net interest income
  • $5,267Provision for loan and lease losses
  • $0Total noninterest income
  • $1,703Fiduciary activities
  • $20Service charges on deposit accounts
  • $748Trading account gains & fees
  • $0Additional noninterest income
  • $935Total noninterest expense
  • $4,386Salaries and employee benefits
  • $1,489Premises and equipment expense
  • $625Additional noninterest expense
  • $2,272Pre-tax net operating income
  • $2,584Securities gains (losses)
  • $2Applicable income taxes
  • $977Income before extraordinary items
  • $1,609Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,609Net charge-offs
  • $59Cash dividends
  • $3,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.80%Cost of funding earning assets
  • 3.90%Net interest margin
  • 4.90%Noninterest income to earning assets
  • 1.58%Noninterest expense to earning assets
  • 4.08%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 2.08%Return on equity (ROE)
  • 12.03%Retained earnings to average equity (YTD only)
  • -10.40%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,857Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 186.45%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 537.69%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 87.95%Net loans and leases to core deposits
  • 95.80%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 7.71%Tier 1 risk-based capital ratio
  • 9.06%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $124,152Average earning assets
  • $13,371Average equity
  • $107,544Average loans

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