Mercantile Bank of Wright County in Hartville, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1996

Mercantile Bank of Wright County in Hartville, Missouri (MO)
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Mercantile Bank of Wright County - Overview

General
FDIC Certificate #: 1637
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of South Central Missouri (#11454)
Federal Reserve ID: 7652
Date Established: June 01, 1890
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 1073
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: 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: 300 East Rolla Street, Hartville, MO 65667
County: Wright
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: $38.4 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)
$22Total assets
$39,343Cash and due from depository institutions
$1,173Interest-bearing balances
$0Securities
$7,304Federal funds sold & reverse repurchase agreements
$1,600Net loans & leases
$28,309Loan loss allowance
$787Trading account assets
$0Bank premises and fixed assets
$180Other real estate owned
$66Goodwill and other intangibles
$711Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,343Total liabilities
$36,076Total deposits
$35,634Interest-bearing deposits
$31,184Deposits held in domestic offices
35634.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$442Total equity capital
$442Total bank equity capital
$3,267Perpetual preferred stock
$0Common stock
$150Surplus
$175Undivided profits
Memoranda
$2,942Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$150Income earned, not collected on loans
$350Earning assets
$37,213Long-term assets (5+ years)
$852Average Assets, year-to-date
$39,037Average Assets, quarterly
$39,179Volatile liabilities
$4,291Insider loans
$40FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$628Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,228Total risk weighted assets
$26,755Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,185Total interest expense
$1,405Net interest income
$1,780Provision for loan and lease losses
$180Total noninterest income
$289Fiduciary activities
$0Service charges on deposit accounts
$188Trading account gains & fees
$0Additional noninterest income
$101Total noninterest expense
$1,015Salaries and employee benefits
$482Premises and equipment expense
$77Additional noninterest expense
$456Pre-tax net operating income
$874Securities gains (losses)
$0Applicable income taxes
$331Income before extraordinary items
$543Extraordinary gains - net
$0Net income attributable to bank
$543Net charge-offs
$159Cash dividends
$700Sale, 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
8.51%Cost of funding earning assets
3.75%Net interest margin
4.76%Noninterest income to earning assets
0.77%Noninterest expense to earning assets
2.71%Net operating income to assets
1.39%Return on assets (ROA)
1.39%Pretax return on assets
2.24%Return on equity (ROE)
16.36%Retained earnings to average equity (YTD only)
-4.73%Net charge-offs to loans
0.54%Credit loss provision to net charge-offs
113.21%Efficiency ratio
49,058Assets per employee
1.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
128.91%Loss allowance to loans
2.70%Loss allowance to noncurrent loans
524.67%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.52%Net loans and leases to deposits
79.44%Net loans and leases to core deposits
90.32%Equity capital to assets
8.30%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$39,037Average earning assets
$3,318Average equity
$37,430Average loans

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