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

This bank is inactive as of August 22, 1997

  • Mercantile Bank of Illinois in Alton, Illinois (IL)
  • Show street view No street view available for this location

Mercantile Bank of Illinois - Overview

  • General
  • FDIC Certificate #: 11322
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mercantile Bank National Association (#18159)
    Federal Reserve ID: 806444
    Date Established: December 23, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Interstate: No)
    OTS Docket #: 9301
    FDIC's unique #: 7230
    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: August 22, 1997
    Last Structure Change Process Date: October 23, 1997
    Last Data Update: July 15, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 West Third Street, Alton, IL 62002
    County: Madison
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $640.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $214Total assets
  • $505,388Cash and due from depository institutions
  • $18,043Interest-bearing balances
  • $9Securities
  • $165,785Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $308,433Loan loss allowance
  • $5,433Trading account assets
  • $0Bank premises and fixed assets
  • $5,253Other real estate owned
  • $1,024Goodwill and other intangibles
  • $6,850Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $505,388Total liabilities
  • $465,705Total deposits
  • $457,269Interest-bearing deposits
  • $419,042Deposits held in domestic offices
  • 457269.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $3,880Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $4,556Total equity capital
  • $4,556Total bank equity capital
  • $39,683Perpetual preferred stock
  • $0Common stock
  • $1,443Surplus
  • $29,001Undivided profits
  • Memoranda
  • $9,239Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,726Income earned, not collected on loans
  • $1,484Earning assets
  • $474,227Long-term assets (5+ years)
  • $98,444Average Assets, year-to-date
  • $525,655Average Assets, quarterly
  • $514,573Volatile liabilities
  • $24,877Insider loans
  • $5,380FHLB advances
  • $0Loans and leases held for sale
  • $2,755Unused loan commitments
  • $35,233Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $38,889Total risk weighted assets
  • $253,454Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $39,057Total interest expense
  • $18,916Net interest income
  • $20,141Provision for loan and lease losses
  • $1,446Total noninterest income
  • $6,074Fiduciary activities
  • $1,124Service charges on deposit accounts
  • $2,186Trading account gains & fees
  • $0Additional noninterest income
  • $2,764Total noninterest expense
  • $14,228Salaries and employee benefits
  • $6,640Premises and equipment expense
  • $2,404Additional noninterest expense
  • $5,184Pre-tax net operating income
  • $10,541Securities gains (losses)
  • -$659Applicable income taxes
  • $4,226Income before extraordinary items
  • $5,656Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,656Net charge-offs
  • $1,076Cash dividends
  • $7,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.91%Cost of funding earning assets
  • 3.83%Net interest margin
  • 4.08%Noninterest income to earning assets
  • 1.23%Noninterest expense to earning assets
  • 2.88%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 14.32%Retained earnings to average equity (YTD only)
  • -3.91%Net charge-offs to loans
  • 0.33%Credit loss provision to net charge-offs
  • 134.39%Efficiency ratio
  • 54,274Assets per employee
  • 2.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 127.30%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 199.30%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 67.45%Net loans and leases to core deposits
  • 70.70%Equity capital to assets
  • 7.85%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 15.34%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $525,655Average earning assets
  • $39,485Average equity
  • $493,986Average loans

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