Mercantile Bank of Naples in Naples, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 20, 1997

Mercantile Bank of Naples in Naples, Florida (FL)
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Mercantile Bank of Naples - Overview

General
FDIC Certificate #: 25875
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Florida (#27538)
Federal Reserve ID: 66538
Date Established: Febuary 01, 1985
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 9124
FDIC's unique #: 32118
Numeric code: 13
Regulator: FED
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: Febuary 01, 1985
Last Structure Change Effective Date: November 20, 1997
Last Structure Change Process Date: December 12, 1997
Last Data Update: December 12, 1997
Data Source Date: April 05, 2012
Location
Address: 2375 Tamiami Trail North, Naples, FL 34103
County: Collier
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Naples, FL (#5345)
Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940)
CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
Financial Summary
Total assets: $117.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$108,830Cash and due from depository institutions
$6,656Interest-bearing balances
$5,391Securities
$18,700Federal funds sold & reverse repurchase agreements
$2,865Net loans & leases
$78,677Loan loss allowance
$543Trading account assets
$0Bank premises and fixed assets
$919Other real estate owned
$130Goodwill and other intangibles
$883Life insurance assets
$0All other assets
$0Total liabilities and capital
$108,830Total liabilities
$100,727Total deposits
$96,588Interest-bearing deposits
$91,591Deposits held in domestic offices
96588.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,369Subordinated debt
$0All other liabilities
$770Total equity capital
$770Total bank equity capital
$8,103Perpetual preferred stock
$0Common stock
$3,818Surplus
$3,230Undivided profits
Memoranda
$1,055Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$192Income earned, not collected on loans
$348Earning assets
$105,633Long-term assets (5+ years)
$8,807Average Assets, year-to-date
$107,859Average Assets, quarterly
$107,844Volatile liabilities
$9,840Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,232Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,196Total risk weighted assets
$50,179Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,470Total interest expense
$4,757Net interest income
$2,713Provision for loan and lease losses
$200Total noninterest income
$262Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$191Total noninterest expense
$1,882Salaries and employee benefits
$970Premises and equipment expense
$311Additional noninterest expense
$601Pre-tax net operating income
$893Securities gains (losses)
$0Applicable income taxes
$342Income before extraordinary items
$551Extraordinary gains - net
$0Net income attributable to bank
$551Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$47Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.14%Cost of funding earning assets
4.55%Net interest margin
2.59%Noninterest income to earning assets
0.25%Noninterest expense to earning assets
1.80%Net operating income to assets
0.51%Return on assets (ROA)
0.51%Pretax return on assets
0.83%Return on equity (ROE)
7.02%Retained earnings to average equity (YTD only)
7.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,261Assets per employee
3.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
282.81%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.24%Net loans and leases to deposits
81.46%Net loans and leases to core deposits
90.70%Equity capital to assets
7.45%Core capital (leverage) ratio
7.45%Tier 1 risk-based capital ratio
16.33%Total risk-based capital ratio
Memoranda
$17Average assets
$107,859Average earning assets
$7,853Average equity
$104,600Average loans

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