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

This bank is inactive as of August 17, 1996

  • Mercantile Bank of Maquoketa in Maquoketa, Iowa (IA)
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Mercantile Bank of Maquoketa - Overview

  • General
  • FDIC Certificate #: 17049
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Eastern Iowa (#11758)
    Federal Reserve ID: 682947
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11318
    FDIC's unique #: 11110
    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: October 18, 1951
    Last Structure Change Effective Date: August 17, 1996
    Last Structure Change Process Date: August 28, 1996
    Last Data Update: August 28, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 South Main Street, Maquoketa, IA 52060
    County: Jackson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $57.6 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)
  • $24Total assets
  • $56,637Cash and due from depository institutions
  • $2,699Interest-bearing balances
  • $709Securities
  • $11,267Federal funds sold & reverse repurchase agreements
  • $2,500Net loans & leases
  • $37,848Loan loss allowance
  • $1,019Trading account assets
  • $0Bank premises and fixed assets
  • $967Other real estate owned
  • $330Goodwill and other intangibles
  • $1,026Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $56,637Total liabilities
  • $51,995Total deposits
  • $48,150Interest-bearing deposits
  • $44,913Deposits held in domestic offices
  • 48150.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $1,540Trading liabilities
  • $0Other borrowed funds
  • $1,807Subordinated debt
  • $0All other liabilities
  • $498Total equity capital
  • $498Total bank equity capital
  • $4,642Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $1,642Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57Income earned, not collected on loans
  • $544Earning assets
  • $52,324Long-term assets (5+ years)
  • $6,039Average Assets, year-to-date
  • $56,151Average Assets, quarterly
  • $56,268Volatile liabilities
  • $4,165Insider loans
  • $224FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,288Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,592Total risk weighted assets
  • $41,439Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,277Total interest expense
  • $1,915Net interest income
  • $2,362Provision for loan and lease losses
  • $0Total noninterest income
  • $395Fiduciary activities
  • $0Service charges on deposit accounts
  • $227Trading account gains & fees
  • $0Additional noninterest income
  • $168Total noninterest expense
  • $1,741Salaries and employee benefits
  • $702Premises and equipment expense
  • $307Additional noninterest expense
  • $732Pre-tax net operating income
  • $1,016Securities gains (losses)
  • $1Applicable income taxes
  • $337Income before extraordinary items
  • $680Extraordinary gains - net
  • $0Net income attributable to bank
  • $680Net charge-offs
  • $10Cash dividends
  • $1,500Sale, 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
  • 8.34%Cost of funding earning assets
  • 3.74%Net interest margin
  • 4.61%Noninterest income to earning assets
  • 0.77%Noninterest expense to earning assets
  • 3.40%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 13.21%Retained earnings to average equity (YTD only)
  • -15.93%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,148Assets per employee
  • 2.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 220.59%Loss allowance to loans
  • 2.62%Loss allowance to noncurrent loans
  • 1787.72%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 78.60%Net loans and leases to core deposits
  • 83.14%Equity capital to assets
  • 8.20%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $56,151Average earning assets
  • $5,147Average equity
  • $51,252Average loans

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