Mercantile Bank of St. Louis National Association in St. Louis, Missouri (MO)



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Mercantile Bank of St. Louis National Association
GeneralFDIC Certificate #: 19516
Status: Inactive
Closing history: Corrections
Acquiring institution: Mercantile Bank National Association (#18159)
Federal Reserve ID: 626446
Date Established: November 17, 1965
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 46 (Interstate: No)
FDIC's unique #: 13316
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: November 17, 1965
Last Structure Change Effective Date: October 23, 1996
Last Structure Change Process Date: Febuary 06, 1997
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
LocationAddress: 721 Locust Street, St. Louis, MO 63101
County: Saint Louis (City)
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
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 ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $7,244.1 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)
Total employees (full-time equivalent)0
Total assets$2,451
Cash and due from depository institutions$6,875,299
Interest-bearing balances$889,616
Securities$50,489
Federal funds sold & reverse repurchase agreements$1,376,368
Net loans & leases$263,685
Loan loss allowance $4,100,244
Trading account assets$57,625
Bank premises and fixed assets$7,874
Other real estate owned$106,187
Goodwill and other intangibles$5,967
All other assets$4,954
Life insurance assets$120,404
Total liabilities and capital$0
Total liabilities$6,875,299
Total deposits$6,337,957
Interest-bearing deposits$3,934,785
Deposits held in domestic offices$2,877,026
% insured (estimated)3708665.00%
Federal funds purchased & repurchase agreements $73
Trading liabilities$1,569,542
Other borrowed funds $3,848
Subordinated debt $647,664
All other liabilities $75,000
Total equity capital$107,118
Total bank equity capital$107,118
Perpetual preferred stock$537,342
Common stock$0
Surplus$33,241
Undivided profits $110,623
Memoranda
Noncurrent loans and leases $393,478
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $48,671
Earning assets $23,447
Long-term assets (5+ years) $5,794,463
Average Assets, year-to-date $409,790
Average Assets, quarterly $6,684,980
Volatile liabilities $6,827,280
Insider loans $2,137,583
FHLB advances $354,420
Loans and leases held for sale $0
Unused loan commitments $44,988
Tier 1 (core) risk-based capital $1,679,689
Tier 2 risk-based capital $0
Total risk weighted assets $523,916
Total unused commitments $4,930,056
Restructured Loans and leases $0
Derivatives$401,343
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $441,675
Net interest income $237,732
Provision for loan and lease losses $203,943
Total noninterest income $1,000
Fiduciary activities $118,298
Service charges on deposit accounts $25,182
Trading account gains & fees $28,428
Additional noninterest income $2,703
Total noninterest expense $61,985
Salaries and employee benefits $196,129
Premises and equipment expense $108,918
Additional noninterest expense $27,531
Pre-tax net operating income $59,680
Securities gains (losses) $125,112
Applicable income taxes $525
Income before extraordinary items $43,140
Extraordinary gains - net $82,497
Net income attributable to bank $0
Net charge-offs $82,497
Cash dividends $9,306
Sale, conversion, retirement of capital stock, net $100,000
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.63%
Net interest margin 4.11%
Noninterest income to earning assets 3.52%
Noninterest expense to earning assets 2.04%
Net operating income to assets 3.39%
Return on assets (ROA) 1.23%
Pretax return on assets 1.23%
Return on equity (ROE) 1.88%
Retained earnings to average equity (YTD only) 15.66%
Net charge-offs to loans -3.32%
Credit loss provision to net charge-offs 0.23%
Efficiency ratio10.75%
Assets per employee$60,322
Cash dividends to net income (YTD only)2.81%
Condition Ratios (%)
Loss allowance to loans 121.22%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 118.40%
Noncurrent loans to loans 0.79%
Net loans and leases to deposits1.17%
Net loans and leases to core deposits 104.21%
Equity capital to assets 116.23%
Core capital (leverage) ratio 7.82%
Tier 1 risk-based capital ratio 7.96%
Total risk-based capital ratio 10.63%
Memoranda
Average assets$13
Average earning assets$6,684,980
Average equity $526,832
Average loans $5,785,707
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