Mercantile Bank of Monett in Monett, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1996

  • Mercantile Bank of Monett in Monett, Missouri (MO)
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Mercantile Bank of Monett - Overview

  • General
  • FDIC Certificate #: 4553
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of South Central Missouri (#11454)
    Federal Reserve ID: 874854
    Date Established: January 01, 1893
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 3014
    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: December 31, 1996
    Last Structure Change Process Date: January 23, 1997
    Last Data Update: January 23, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 322 Broadway, Monett, MO 65708
    County: Barry
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Springfield Mo
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $95.1 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)
  • $43Total assets
  • $97,903Cash and due from depository institutions
  • $2,795Interest-bearing balances
  • $0Securities
  • $16,300Federal funds sold & reverse repurchase agreements
  • $3,145Net loans & leases
  • $73,046Loan loss allowance
  • $1,647Trading account assets
  • $0Bank premises and fixed assets
  • $798Other real estate owned
  • $17Goodwill and other intangibles
  • $1,802Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $97,903Total liabilities
  • $89,514Total deposits
  • $84,241Interest-bearing deposits
  • $78,208Deposits held in domestic offices
  • 84241.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $4,116Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,157Total equity capital
  • $1,157Total bank equity capital
  • $8,389Perpetual preferred stock
  • $0Common stock
  • $775Surplus
  • $2,112Undivided profits
  • Memoranda
  • $5,502Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $292Income earned, not collected on loans
  • $600Earning assets
  • $92,491Long-term assets (5+ years)
  • $2,005Average Assets, year-to-date
  • $88,588Average Assets, quarterly
  • $96,880Volatile liabilities
  • $8,511Insider loans
  • $339FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,607Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,798Total risk weighted assets
  • $63,025Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,410Total interest expense
  • $3,075Net interest income
  • $4,335Provision for loan and lease losses
  • -$1,000Total noninterest income
  • $556Fiduciary activities
  • $0Service charges on deposit accounts
  • $421Trading account gains & fees
  • $0Additional noninterest income
  • $135Total noninterest expense
  • $2,593Salaries and employee benefits
  • $1,274Premises and equipment expense
  • $302Additional noninterest expense
  • $1,017Pre-tax net operating income
  • $3,298Securities gains (losses)
  • $0Applicable income taxes
  • $1,226Income before extraordinary items
  • $2,072Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,072Net charge-offs
  • $200Cash dividends
  • $1,600Sale, 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
  • 8.82%Cost of funding earning assets
  • 3.66%Net interest margin
  • 5.16%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 3.09%Net operating income to assets
  • 2.34%Return on assets (ROA)
  • 2.34%Pretax return on assets
  • 3.72%Return on equity (ROE)
  • 27.55%Retained earnings to average equity (YTD only)
  • 6.28%Net charge-offs to loans
  • 0.29%Credit loss provision to net charge-offs
  • -500.00%Efficiency ratio
  • 53,016Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.22%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 564.04%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 86.71%Net loans and leases to core deposits
  • 91.48%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 12.37%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $88,588Average earning assets
  • $7,521Average equity
  • $83,991Average loans

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