Mercantile Bank of Flora in Flora, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1996

Mercantile Bank of Flora in Flora, Illinois (IL)
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Mercantile Bank of Flora - Overview

General
FDIC Certificate #: 3793
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Illinois (#10025)
Federal Reserve ID: 829443
Date Established: January 01, 1872
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 2456
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: May 17, 1996
Last Structure Change Process Date: June 13, 1996
Last Data Update: June 13, 1996
Data Source Date: April 05, 2012
Location
Address: 101 East North Avenue, Flora, IL 62839
County: Clay
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $66.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$66,185Cash and due from depository institutions
$659Interest-bearing balances
$0Securities
$29,438Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$34,601Loan loss allowance
$747Trading account assets
$0Bank premises and fixed assets
$378Other real estate owned
$0Goodwill and other intangibles
$1,109Life insurance assets
$0All other assets
$0Total liabilities and capital
$66,185Total liabilities
$56,830Total deposits
$54,451Interest-bearing deposits
$47,895Deposits held in domestic offices
54451.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,720Subordinated debt
$0All other liabilities
$659Total equity capital
$659Total bank equity capital
$9,355Perpetual preferred stock
$0Common stock
$370Surplus
$8,648Undivided profits
Memoranda
$337Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$460Income earned, not collected on loans
$462Earning assets
$64,039Long-term assets (5+ years)
$12,938Average Assets, year-to-date
$67,562Average Assets, quarterly
$66,407Volatile liabilities
$7,363Insider loans
$1,077FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,785Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,199Total risk weighted assets
$38,067Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,944Total interest expense
$2,013Net interest income
$2,931Provision for loan and lease losses
$0Total noninterest income
$236Fiduciary activities
$0Service charges on deposit accounts
$137Trading account gains & fees
$0Additional noninterest income
$99Total noninterest expense
$1,569Salaries and employee benefits
$749Premises and equipment expense
$177Additional noninterest expense
$643Pre-tax net operating income
$1,598Securities gains (losses)
-$22Applicable income taxes
$558Income before extraordinary items
$1,018Extraordinary gains - net
$0Net income attributable to bank
$1,018Net charge-offs
$209Cash dividends
$800Sale, 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
7.61%Cost of funding earning assets
3.10%Net interest margin
4.51%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
2.42%Net operating income to assets
1.53%Return on assets (ROA)
1.51%Pretax return on assets
2.33%Return on equity (ROE)
11.17%Retained earnings to average equity (YTD only)
2.39%Net charge-offs to loans
0.65%Credit loss provision to net charge-offs
0.00%Efficiency ratio
49,542Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
78.59%Loss allowance to loans
2.11%Loss allowance to noncurrent loans
162.39%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.30%Net loans and leases to deposits
63.55%Net loans and leases to core deposits
70.89%Equity capital to assets
14.13%Core capital (leverage) ratio
13.98%Tier 1 risk-based capital ratio
24.16%Total risk-based capital ratio
Memoranda
$25Average assets
$67,562Average earning assets
$9,117Average equity
$64,964Average loans

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