Mercantile County Bank in Elkton, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Mercantile County Bank in Elkton, Maryland (MD)
  • Show street view No street view available for this location

Mercantile County Bank - Overview

  • General
  • FDIC Certificate #: 13779
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 610623
    Date Established: January 01, 1908
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 11492
    FDIC's unique #: 8615
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 29, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 North Street, Elkton, MD 21921
    County: Cecil
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Wilmington-Newark, DE-MD (#9160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
  • Financial Summary
  • Total assets: $997.8 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

  • Dollar figures in thousands
  • 198Total employees (full-time equivalent)
  • $1,003,427Total assets
  • $18,484Cash and due from depository institutions
  • $167Interest-bearing balances
  • $104,349Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $849,964Net loans & leases
  • $6,887Loan loss allowance
  • $0Trading account assets
  • $8,185Bank premises and fixed assets
  • $67Other real estate owned
  • $4,578Goodwill and other intangibles
  • $4,281Life insurance assets
  • $17,800All other assets
  • $1,003,427Total liabilities and capital
  • $915,217Total liabilities
  • $776,856Total deposits
  • $568,775Interest-bearing deposits
  • $776,856Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $104,662Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $29,400Subordinated debt
  • $4,299All other liabilities
  • $88,210Total equity capital
  • $88,210Total bank equity capital
  • $88,210Perpetual preferred stock
  • $0Common stock
  • $845Surplus
  • $22,600Undivided profits
  • Memoranda
  • $64,765Noncurrent loans and leases
  • $156,919Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,152Earning assets
  • $0Long-term assets (5+ years)
  • $4,196Average Assets, year-to-date
  • $954,480Average Assets, quarterly
  • $247,812Volatile liabilities
  • $962,794Insider loans
  • $991,483FHLB advances
  • $248,000Loans and leases held for sale
  • $7,682Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $156,919Total unused commitments
  • $0Restructured Loans and leases
  • $36,626Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $59,602Total interest income
  • $19,155Total interest expense
  • $40,447Net interest income
  • -$2,284Provision for loan and lease losses
  • $6,520Total noninterest income
  • $0Fiduciary activities
  • $3,324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,196Additional noninterest income
  • $19,279Total noninterest expense
  • $7,987Salaries and employee benefits
  • $2,443Premises and equipment expense
  • $8,849Additional noninterest expense
  • $29,972Pre-tax net operating income
  • $0Securities gains (losses)
  • $11,041Applicable income taxes
  • $18,931Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,931Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $368Sale, conversion, retirement of capital stock, net
  • $11,864Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.53%Yield on earning assets
  • 2.10%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 1.97%Return on assets (ROA)
  • 3.11%Pretax return on assets
  • 22.44%Return on equity (ROE)
  • 8.38%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • -620.65%Credit loss provision to net charge-offs
  • 75.24%Efficiency ratio
  • 41,048Assets per employee
  • 5.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.67%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 597.83%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 109.41%Net loans and leases to core deposits
  • 134.17%Equity capital to assets
  • 8.79%Core capital (leverage) ratio
  • 8.59%Tier 1 risk-based capital ratio
  • 10.91%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $962,794Average earning assets
  • $84,354Average equity
  • $912,745Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mercantile County Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents