Mercantile Bank of Humboldt County in Humboldt, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 1996

Mercantile Bank of Humboldt County in Humboldt, Iowa (IA)
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Mercantile Bank of Humboldt County - Overview

General
FDIC Certificate #: 23755
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank MidWest (#1549)
Federal Reserve ID: 981846
Date Established: April 02, 1982
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10138
FDIC's unique #: 16606
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: April 02, 1982
Last Structure Change Effective Date: September 14, 1996
Last Structure Change Process Date: October 07, 1996
Last Data Update: October 07, 1996
Data Source Date: April 05, 2012
Location
Address: 701 Sumner Avenue, Humboldt, IA 50548
County: Humboldt
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $70.3 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)
$24Total assets
$75,704Cash and due from depository institutions
$2,345Interest-bearing balances
$0Securities
$19,124Federal funds sold & reverse repurchase agreements
$5,880Net loans & leases
$45,403Loan loss allowance
$851Trading account assets
$0Bank premises and fixed assets
$1,704Other real estate owned
$0Goodwill and other intangibles
$1,248Life insurance assets
$0All other assets
$0Total liabilities and capital
$75,704Total liabilities
$69,258Total deposits
$62,738Interest-bearing deposits
$57,052Deposits held in domestic offices
62738.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$1,175Trading liabilities
$0Other borrowed funds
$4,402Subordinated debt
$0All other liabilities
$943Total equity capital
$943Total bank equity capital
$6,446Perpetual preferred stock
$0Common stock
$1,500Surplus
$2,250Undivided profits
Memoranda
$2,696Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$22Income earned, not collected on loans
$776Earning assets
$70,407Long-term assets (5+ years)
$10,905Average Assets, year-to-date
$74,922Average Assets, quarterly
$76,199Volatile liabilities
$7,247Insider loans
$829FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$21,185Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,314Total risk weighted assets
$51,080Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,500Total interest expense
$2,747Net interest income
$2,753Provision for loan and lease losses
$0Total noninterest income
$424Fiduciary activities
$0Service charges on deposit accounts
$209Trading account gains & fees
$0Additional noninterest income
$215Total noninterest expense
$1,923Salaries and employee benefits
$759Premises and equipment expense
$320Additional noninterest expense
$844Pre-tax net operating income
$1,254Securities gains (losses)
$16Applicable income taxes
$170Income before extraordinary items
$1,100Extraordinary gains - net
$0Net income attributable to bank
$1,100Net charge-offs
-$16Cash dividends
$2,400Sale, 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
7.90%Cost of funding earning assets
3.95%Net interest margin
3.95%Noninterest income to earning assets
0.61%Noninterest expense to earning assets
2.76%Net operating income to assets
1.45%Return on assets (ROA)
1.47%Pretax return on assets
1.70%Return on equity (ROE)
15.22%Retained earnings to average equity (YTD only)
-17.99%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,529Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
218.18%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
3868.18%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.05%Net loans and leases to deposits
72.37%Net loans and leases to core deposits
78.55%Equity capital to assets
8.51%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
12.36%Total risk-based capital ratio
Memoranda
$14Average assets
$74,922Average earning assets
$7,226Average equity
$69,629Average loans

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