Mercantile National Bank of Indiana in Hammond, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 2006

  • Mercantile National Bank of Indiana in Hammond, Indiana (IN)
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Mercantile National Bank of Indiana - Overview

  • General
  • FDIC Certificate #: 9282
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 236649
    Date Established: December 12, 1932
    WWW: http://www.mercantileweb.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Interstate: No)
    OTS Docket #: 11716
    FDIC's unique #: 5940
    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: January 01, 1934
    Last Structure Change Effective Date: August 25, 2006
    Last Structure Change Process Date: October 16, 2006
    Last Data Update: October 16, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5243 Hohman Avenue, Hammond, IN 46325
    County: Lake
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Gary, IN (#2960)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Gary, IN (#23844)
  • Financial Summary
  • Total assets: $767.3 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, 2005)

  • Dollar figures in thousands
  • 263Total employees (full-time equivalent)
  • $795,861Total assets
  • $81,766Cash and due from depository institutions
  • $256Interest-bearing balances
  • $50,790Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $556,337Net loans & leases
  • $7,758Loan loss allowance
  • $0Trading account assets
  • $11,478Bank premises and fixed assets
  • $341Other real estate owned
  • $65,948Goodwill and other intangibles
  • $0Life insurance assets
  • $29,201All other assets
  • $795,861Total liabilities and capital
  • $668,565Total liabilities
  • $612,011Total deposits
  • $470,086Interest-bearing deposits
  • $612,011Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $47,058Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $9,496All other liabilities
  • $127,296Total equity capital
  • $127,296Total bank equity capital
  • $127,296Perpetual preferred stock
  • $0Common stock
  • $3,978Surplus
  • $123,378Undivided profits
  • Memoranda
  • $-60Noncurrent loans and leases
  • $122,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,865Earning assets
  • $264Long-term assets (5+ years)
  • $3,335Average Assets, year-to-date
  • $607,383Average Assets, quarterly
  • $81,451Volatile liabilities
  • $788,116Insider loans
  • $788,103FHLB advances
  • $92,553Loans and leases held for sale
  • $11,377Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $122,769Total unused commitments
  • $0Restructured Loans and leases
  • $7,579Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $37,459Total interest income
  • $8,913Total interest expense
  • $28,546Net interest income
  • $700Provision for loan and lease losses
  • $11,464Total noninterest income
  • $3,220Fiduciary activities
  • $4,916Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,328Additional noninterest income
  • $31,933Total noninterest expense
  • $16,211Salaries and employee benefits
  • $4,146Premises and equipment expense
  • $11,576Additional noninterest expense
  • $7,377Pre-tax net operating income
  • $1Securities gains (losses)
  • $7,309Applicable income taxes
  • $69Income before extraordinary items
  • $0Extraordinary gains - net
  • $69Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1,329Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.50%Net interest margin
  • 1.81%Noninterest income to earning assets
  • 5.03%Noninterest expense to earning assets
  • 0.01%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 0.06%Return on equity (ROE)
  • 0.06%Retained earnings to average equity (YTD only)
  • -0.25%Net charge-offs to loans
  • -52.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,714Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 52.19%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 2.64%Net loans and leases to deposits
  • 90.90%Net loans and leases to core deposits
  • 98.20%Equity capital to assets
  • 15.99%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 10.59%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $788,116Average earning assets
  • $125,153Average equity
  • $634,259Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $667,344Managed Assets
  • 1Number of Accounts
  • $574,240Personal trust and agency accounts
  • $179,876Employee benefit-defined contribution accounts
  • $51,854Employee benefit-defined benefit accounts
  • $41,098Other retirement accounts
  • $34,977Corporate trust and agency accounts
  • $132,744Investment management agency accounts
  • $133,691Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 941Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $93,104Other retirement accounts
  • $3,576Corporate trust and agency accounts
  • $86Other fiduciary accounts
  • $8,313Fiduciary accounts held in foreign offices

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