Mercantile National Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 2007

  • Mercantile National Bank in Los Angeles, California (CA)
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Mercantile National Bank - Overview

  • General
  • FDIC Certificate #: 23757
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: United Central Bank (#25330)
    Federal Reserve ID: 100160
    Date Established: March 22, 1982
    WWW: http://www.mnbla.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 16608
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 22, 1982
    Last Structure Change Effective Date: June 19, 2007
    Last Structure Change Process Date: June 28, 2007
    Last Data Update: June 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1880 Century Park East, 8th Floor, Los Angeles, CA 90067
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $287.1 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
  • 45Total employees (full-time equivalent)
  • $277,095Total assets
  • $12,280Cash and due from depository institutions
  • $2,000Interest-bearing balances
  • $75,236Securities
  • $12,300Federal funds sold & reverse repurchase agreements
  • $168,628Net loans & leases
  • $2,343Loan loss allowance
  • $0Trading account assets
  • $480Bank premises and fixed assets
  • $161Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,010All other assets
  • $277,095Total liabilities and capital
  • $252,107Total liabilities
  • $213,907Total deposits
  • $171,584Interest-bearing deposits
  • $213,907Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $30,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,400Other borrowed funds
  • $0Subordinated debt
  • $2,800All other liabilities
  • $24,988Total equity capital
  • $24,988Total bank equity capital
  • $24,988Perpetual preferred stock
  • $0Common stock
  • $7,763Surplus
  • $22,599Undivided profits
  • Memoranda
  • $-5,374Noncurrent loans and leases
  • $57,245Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,813Average Assets, year-to-date
  • $258,164Average Assets, quarterly
  • $86,559Volatile liabilities
  • $263,639Insider loans
  • $272,571FHLB advances
  • $46,736Loans and leases held for sale
  • $0Unused loan commitments
  • $5,400Tier 1 (core) risk-based capital
  • $70,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $57,245Total unused commitments
  • $0Restructured Loans and leases
  • $2,599Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $18,608Total interest income
  • $5,745Total interest expense
  • $12,863Net interest income
  • $124Provision for loan and lease losses
  • $1,205Total noninterest income
  • $0Fiduciary activities
  • $298Service charges on deposit accounts
  • $0Trading account gains & fees
  • $907Additional noninterest income
  • $8,156Total noninterest expense
  • $5,095Salaries and employee benefits
  • $771Premises and equipment expense
  • $2,290Additional noninterest expense
  • $5,788Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,485Applicable income taxes
  • $3,303Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,303Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 2.34%Cost of funding earning assets
  • 5.24%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 2.20%Pretax return on assets
  • 13.60%Return on equity (ROE)
  • 13.60%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 326.32%Credit loss provision to net charge-offs
  • 155.58%Efficiency ratio
  • 57,976Assets per employee
  • 6.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 78.83%Net loans and leases to core deposits
  • 85.52%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 9.34%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $263,639Average earning assets
  • $24,279Average equity
  • $245,635Average loans

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