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

This bank is inactive as of September 14, 1996

  • Mercantile Bank of Lyon County in Rock Rapids, Iowa (IA)
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Mercantile Bank of Lyon County - Overview

  • General
  • FDIC Certificate #: 16350
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank MidWest (#1549)
    Federal Reserve ID: 592242
    Date Established: December 07, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 11223
    FDIC's unique #: 10534
    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: December 07, 1945
    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: 203 South 2nd Avenue, Rock Rapids, IA 51246
    County: Lyon
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $44.8 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)
  • $11Total assets
  • $46,476Cash and due from depository institutions
  • $2,630Interest-bearing balances
  • $100Securities
  • $4,588Federal funds sold & reverse repurchase agreements
  • $2,840Net loans & leases
  • $34,991Loan loss allowance
  • $683Trading account assets
  • $0Bank premises and fixed assets
  • $389Other real estate owned
  • $0Goodwill and other intangibles
  • $1,038Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,476Total liabilities
  • $42,438Total deposits
  • $40,551Interest-bearing deposits
  • $37,962Deposits held in domestic offices
  • 40551.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,164Subordinated debt
  • $0All other liabilities
  • $723Total equity capital
  • $723Total bank equity capital
  • $4,038Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $2,045Undivided profits
  • Memoranda
  • $1,493Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $733Earning assets
  • $42,519Long-term assets (5+ years)
  • $4,196Average Assets, year-to-date
  • $45,960Average Assets, quarterly
  • $45,910Volatile liabilities
  • $2,303Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,843Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,975Total risk weighted assets
  • $38,105Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,712Total interest expense
  • $1,915Net interest income
  • $1,797Provision for loan and lease losses
  • $0Total noninterest income
  • $315Fiduciary activities
  • $0Service charges on deposit accounts
  • $156Trading account gains & fees
  • $0Additional noninterest income
  • $159Total noninterest expense
  • $1,096Salaries and employee benefits
  • $479Premises and equipment expense
  • $109Additional noninterest expense
  • $508Pre-tax net operating income
  • $1,016Securities gains (losses)
  • $0Applicable income taxes
  • $358Income before extraordinary items
  • $658Extraordinary gains - net
  • $0Net income attributable to bank
  • $658Net charge-offs
  • -$31Cash dividends
  • $600Sale, 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
  • 8.71%Cost of funding earning assets
  • 4.49%Net interest margin
  • 4.22%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 2.57%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 16.35%Retained earnings to average equity (YTD only)
  • 1.44%Net charge-offs to loans
  • -0.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 51,894Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.19%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 86.29%Net loans and leases to core deposits
  • 91.48%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $45,960Average earning assets
  • $4,025Average equity
  • $42,627Average loans

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