Mercantile Bank of St. Louis National Association in St. Louis, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 23, 1996

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total 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
  • 0Total employees (full-time equivalent)
  • $2,451Total assets
  • $6,875,299Cash and due from depository institutions
  • $889,616Interest-bearing balances
  • $50,489Securities
  • $1,376,368Federal funds sold & reverse repurchase agreements
  • $263,685Net loans & leases
  • $4,100,244Loan loss allowance
  • $57,625Trading account assets
  • $7,874Bank premises and fixed assets
  • $106,187Other real estate owned
  • $5,967Goodwill and other intangibles
  • $120,404Life insurance assets
  • $4,954All other assets
  • $0Total liabilities and capital
  • $6,875,299Total liabilities
  • $6,337,957Total deposits
  • $3,934,785Interest-bearing deposits
  • $2,877,026Deposits held in domestic offices
  • 3708665.00%% insured (estimated)
  • $73Federal funds purchased & repurchase agreements
  • $1,569,542Trading liabilities
  • $3,848Other borrowed funds
  • $647,664Subordinated debt
  • $75,000All other liabilities
  • $107,118Total equity capital
  • $107,118Total bank equity capital
  • $537,342Perpetual preferred stock
  • $0Common stock
  • $33,241Surplus
  • $110,623Undivided profits
  • Memoranda
  • $393,478Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $48,671Income earned, not collected on loans
  • $23,447Earning assets
  • $5,794,463Long-term assets (5+ years)
  • $409,790Average Assets, year-to-date
  • $6,684,980Average Assets, quarterly
  • $6,827,280Volatile liabilities
  • $2,137,583Insider loans
  • $354,420FHLB advances
  • $0Loans and leases held for sale
  • $44,988Unused loan commitments
  • $1,679,689Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $523,916Total risk weighted assets
  • $4,930,056Total unused commitments
  • $0Restructured Loans and leases
  • $401,343Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $441,675Total interest expense
  • $237,732Net interest income
  • $203,943Provision for loan and lease losses
  • $1,000Total noninterest income
  • $118,298Fiduciary activities
  • $25,182Service charges on deposit accounts
  • $28,428Trading account gains & fees
  • $2,703Additional noninterest income
  • $61,985Total noninterest expense
  • $196,129Salaries and employee benefits
  • $108,918Premises and equipment expense
  • $27,531Additional noninterest expense
  • $59,680Pre-tax net operating income
  • $125,112Securities gains (losses)
  • $525Applicable income taxes
  • $43,140Income before extraordinary items
  • $82,497Extraordinary gains - net
  • $0Net income attributable to bank
  • $82,497Net charge-offs
  • $9,306Cash dividends
  • $100,000Sale, 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
  • 7.63%Cost of funding earning assets
  • 4.11%Net interest margin
  • 3.52%Noninterest income to earning assets
  • 2.04%Noninterest expense to earning assets
  • 3.39%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 15.66%Retained earnings to average equity (YTD only)
  • -3.32%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 10.75%Efficiency ratio
  • 60,322Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 121.22%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 118.40%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 104.21%Net loans and leases to core deposits
  • 116.23%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.96%Tier 1 risk-based capital ratio
  • 10.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $6,684,980Average earning assets
  • $526,832Average equity
  • $5,785,707Average loans

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