Mercantile Bank of the Bluffs in Council Bluffs, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 1996

  • Mercantile Bank of the Bluffs in Council Bluffs, Iowa (IA)
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Mercantile Bank of the Bluffs - Overview

  • General
  • FDIC Certificate #: 13932
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank MidWest (#1549)
    Federal Reserve ID: 776444
    Date Established: January 01, 1888
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 11501
    FDIC's unique #: 8716
    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: Febuary 27, 1934
    Last Structure Change Effective Date: September 14, 1996
    Last Structure Change Process Date: October 07, 1996
    Last Data Update: October 07, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 West Broadway, Council Bluffs, IA 51501
    County: Pottawattamie
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • Financial Summary
  • Total assets: $82.6 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)
  • $40Total assets
  • $85,138Cash and due from depository institutions
  • $9,585Interest-bearing balances
  • $0Securities
  • $19,580Federal funds sold & reverse repurchase agreements
  • $9,035Net loans & leases
  • $44,009Loan loss allowance
  • $983Trading account assets
  • $0Bank premises and fixed assets
  • $1,442Other real estate owned
  • $0Goodwill and other intangibles
  • $1,487Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $85,138Total liabilities
  • $78,922Total deposits
  • $75,752Interest-bearing deposits
  • $55,481Deposits held in domestic offices
  • 75752.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $1,170Total equity capital
  • $1,170Total bank equity capital
  • $6,216Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,000Undivided profits
  • Memoranda
  • $1,216Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $56Income earned, not collected on loans
  • $540Earning assets
  • $72,624Long-term assets (5+ years)
  • $3,640Average Assets, year-to-date
  • $81,157Average Assets, quarterly
  • $83,171Volatile liabilities
  • $5,375Insider loans
  • $1,761FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $23,321Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,164Total risk weighted assets
  • $48,652Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,596Total interest expense
  • $2,199Net interest income
  • $3,397Provision for loan and lease losses
  • -$175Total noninterest income
  • $1,111Fiduciary activities
  • $0Service charges on deposit accounts
  • $565Trading account gains & fees
  • $0Additional noninterest income
  • $546Total noninterest expense
  • $3,696Salaries and employee benefits
  • $1,206Premises and equipment expense
  • $497Additional noninterest expense
  • $1,993Pre-tax net operating income
  • $987Securities gains (losses)
  • $1Applicable income taxes
  • $277Income before extraordinary items
  • $711Extraordinary gains - net
  • $0Net income attributable to bank
  • $711Net charge-offs
  • $12Cash dividends
  • $2,100Sale, 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
  • 7.90%Cost of funding earning assets
  • 3.11%Net interest margin
  • 4.80%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 5.22%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 1.22%Return on equity (ROE)
  • 10.03%Retained earnings to average equity (YTD only)
  • -19.60%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • -1458.33%Efficiency ratio
  • 81,988Assets per employee
  • 2.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 295.36%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 1755.36%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 58.10%Net loans and leases to core deposits
  • 62.53%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 12.67%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $81,157Average earning assets
  • $7,087Average equity
  • $70,811Average loans

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