Mercantile Bank of Heber Springs National Association in Heber Springs, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 16, 1996

Mercantile Bank of Heber Springs National Association in Heber Springs, Arkansas (AR)
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Mercantile Bank of Heber Springs National Association - Overview

General
FDIC Certificate #: 24135
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Arkansas National Association (#15086)
Federal Reserve ID: 968445
Date Established: November 12, 1982
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 16819
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: November 12, 1982
Last Structure Change Effective Date: August 16, 1996
Last Structure Change Process Date: October 08, 1996
Last Data Update: October 08, 1996
Data Source Date: April 05, 2012
Location
Address: Ninth And West Main Street, Heber Springs, AR 72543
County: Cleburne
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $66.7 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)
$28Total assets
$68,417Cash and due from depository institutions
$2,004Interest-bearing balances
$0Securities
$29,437Federal funds sold & reverse repurchase agreements
$2,600Net loans & leases
$32,962Loan loss allowance
$454Trading account assets
$0Bank premises and fixed assets
$813Other real estate owned
$38Goodwill and other intangibles
$563Life insurance assets
$0All other assets
$0Total liabilities and capital
$68,417Total liabilities
$62,455Total deposits
$61,982Interest-bearing deposits
$52,623Deposits held in domestic offices
61982.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$473Total equity capital
$473Total bank equity capital
$5,962Perpetual preferred stock
$0Common stock
$952Surplus
$952Undivided profits
Memoranda
$4,058Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$240Income earned, not collected on loans
$240Earning assets
$64,999Long-term assets (5+ years)
$19,270Average Assets, year-to-date
$67,723Average Assets, quarterly
$67,636Volatile liabilities
$9,231Insider loans
$284FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,762Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,904Total risk weighted assets
$33,916Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,899Total interest expense
$2,435Net interest income
$2,464Provision for loan and lease losses
$98Total noninterest income
$402Fiduciary activities
$0Service charges on deposit accounts
$302Trading account gains & fees
$0Additional noninterest income
$100Total noninterest expense
$1,510Salaries and employee benefits
$729Premises and equipment expense
$252Additional noninterest expense
$529Pre-tax net operating income
$1,258Securities gains (losses)
$0Applicable income taxes
$307Income before extraordinary items
$951Extraordinary gains - net
$0Net income attributable to bank
$951Net charge-offs
$20Cash dividends
$498Sale, 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
3.78%Net interest margin
3.83%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
2.35%Net operating income to assets
1.40%Return on assets (ROA)
1.40%Pretax return on assets
1.86%Return on equity (ROE)
17.99%Retained earnings to average equity (YTD only)
8.57%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
490.00%Efficiency ratio
52,687Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.37%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
189.17%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.72%Net loans and leases to deposits
53.18%Net loans and leases to core deposits
62.49%Equity capital to assets
8.71%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
17.41%Total risk-based capital ratio
Memoranda
$19Average assets
$67,723Average earning assets
$5,287Average equity
$64,354Average loans

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