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

This bank is inactive as of April 14, 2000

  • Mercantile Bank of Illinois in Springfield, Illinois (IL)
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Mercantile Bank of Illinois - Overview

  • General
  • FDIC Certificate #: 10025
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 237646
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 50 (Interstate: No)
    OTS Docket #: 15617
    FDIC's unique #: 6408
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 14, 2000
    Last Structure Change Process Date: May 18, 2000
    Last Data Update: May 18, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 South Fifth Street, Springfield, IL 62701
    County: Sangamon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Springfield, IL (#7880)
    Core Based Statistical Area (CBSA): Springfield, IL (#44100)
    CBSA Metro Statistical Area: Springfield, IL (#44100)
  • Financial Summary
  • Total assets: $2,074.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 639Total employees (full-time equivalent)
  • $2,092,885Total assets
  • $75,277Cash and due from depository institutions
  • $1,913Interest-bearing balances
  • $419,765Securities
  • $190,418Federal funds sold & reverse repurchase agreements
  • $1,328,300Net loans & leases
  • $24,257Loan loss allowance
  • $0Trading account assets
  • $36,108Bank premises and fixed assets
  • $557Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $42,460All other assets
  • $2,092,885Total liabilities and capital
  • $1,926,894Total liabilities
  • $1,834,526Total deposits
  • $1,614,814Interest-bearing deposits
  • $1,834,526Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $63,207Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,831Other borrowed funds
  • $0Subordinated debt
  • $24,330All other liabilities
  • $165,991Total equity capital
  • $165,991Total bank equity capital
  • $165,991Perpetual preferred stock
  • $0Common stock
  • $13,043Surplus
  • $94,598Undivided profits
  • Memoranda
  • $58,350Noncurrent loans and leases
  • $302,075Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,372Earning assets
  • $0Long-term assets (5+ years)
  • $11,524Average Assets, year-to-date
  • $1,940,396Average Assets, quarterly
  • $214,930Volatile liabilities
  • $2,209,797Insider loans
  • $2,106,451FHLB advances
  • $303,485Loans and leases held for sale
  • $990Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,130Total risk weighted assets
  • $302,075Total unused commitments
  • $0Restructured Loans and leases
  • $20,013Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $158,312Total interest income
  • $72,045Total interest expense
  • $86,267Net interest income
  • $2,997Provision for loan and lease losses
  • $21,460Total noninterest income
  • $897Fiduciary activities
  • $9,316Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,247Additional noninterest income
  • $60,270Total noninterest expense
  • $27,012Salaries and employee benefits
  • $9,307Premises and equipment expense
  • $23,951Additional noninterest expense
  • $44,460Pre-tax net operating income
  • -$8,796Securities gains (losses)
  • $13,768Applicable income taxes
  • $21,896Income before extraordinary items
  • $0Extraordinary gains - net
  • $21,896Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,202Sale, conversion, retirement of capital stock, net
  • $32,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.74%Yield on earning assets
  • 3.52%Cost of funding earning assets
  • 4.22%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 12.51%Return on equity (ROE)
  • -5.77%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 71.32%Credit loss provision to net charge-offs
  • 11.29%Efficiency ratio
  • 55,895Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 146.15%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 213.30%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 72.41%Net loans and leases to core deposits
  • 83.08%Equity capital to assets
  • 7.93%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 10.63%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,209,797Average earning assets
  • $175,026Average equity
  • $2,044,599Average loans

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