Mercantile-Safe Deposit and Trust Company in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Mercantile-Safe Deposit and Trust Company in Baltimore, Maryland (MD)
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Mercantile-Safe Deposit and Trust Company - Overview

  • General
  • FDIC Certificate #: 20347
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 208927
    Date Established: January 01, 1864
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 64 (Interstate: No)
    OTS Docket #: 13995
    FDIC's unique #: 14011
    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 15, 1971
    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: 2 Hopkins Plaza, Baltimore, MD 21203
    County: Baltimore City
    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): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • Financial Summary
  • Total assets: $8,557.5 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
  • 1,591Total employees (full-time equivalent)
  • $8,123,257Total assets
  • $428,444Cash and due from depository institutions
  • $157,122Interest-bearing balances
  • $1,390,145Securities
  • $206,131Federal funds sold & reverse repurchase agreements
  • $5,494,945Net loans & leases
  • $76,095Loan loss allowance
  • $12,859Trading account assets
  • $42,591Bank premises and fixed assets
  • $0Other real estate owned
  • $260,262Goodwill and other intangibles
  • $100,833Life insurance assets
  • $287,880All other assets
  • $8,123,257Total liabilities and capital
  • $7,261,175Total liabilities
  • $5,567,472Total deposits
  • $4,094,668Interest-bearing deposits
  • $5,567,472Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,275,591Federal funds purchased & repurchase agreements
  • $3,547Trading liabilities
  • $247,849Other borrowed funds
  • $42,319Subordinated debt
  • $124,397All other liabilities
  • $862,082Total equity capital
  • $862,082Total bank equity capital
  • $862,082Perpetual preferred stock
  • $0Common stock
  • $6,700Surplus
  • $333,103Undivided profits
  • Memoranda
  • $522,279Noncurrent loans and leases
  • $3,137,553Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,832Earning assets
  • $86Long-term assets (5+ years)
  • $44,834Average Assets, year-to-date
  • $7,251,948Average Assets, quarterly
  • $1,394,633Volatile liabilities
  • $7,655,829Insider loans
  • $8,053,092FHLB advances
  • $2,993,687Loans and leases held for sale
  • $182,556Unused loan commitments
  • $40,645Tier 1 (core) risk-based capital
  • $1,191,769Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,137,553Total unused commitments
  • $0Restructured Loans and leases
  • $123,547Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $467,142Total interest income
  • $186,175Total interest expense
  • $280,967Net interest income
  • -$5,447Provision for loan and lease losses
  • $187,592Total noninterest income
  • $86,298Fiduciary activities
  • $11,184Service charges on deposit accounts
  • $2,904Trading account gains & fees
  • $87,206Additional noninterest income
  • $292,045Total noninterest expense
  • $160,426Salaries and employee benefits
  • $27,858Premises and equipment expense
  • $103,761Additional noninterest expense
  • $181,961Pre-tax net operating income
  • $2Securities gains (losses)
  • $65,468Applicable income taxes
  • $116,495Income before extraordinary items
  • $0Extraordinary gains - net
  • $116,495Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1,273Sale, conversion, retirement of capital stock, net
  • $45,965Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.87%Yield on earning assets
  • 2.74%Cost of funding earning assets
  • 4.13%Net interest margin
  • 2.76%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 2.38%Pretax return on assets
  • 14.56%Return on equity (ROE)
  • 8.82%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 427.89%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,524Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.46%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 348.55%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 98.70%Net loans and leases to core deposits
  • 142.25%Equity capital to assets
  • 10.61%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 9.51%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $7,655,829Average earning assets
  • $799,965Average equity
  • $6,799,629Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $29,846,253Managed Assets
  • 1Number of Accounts
  • $16,607,576Personal trust and agency accounts
  • $5,953,370Employee benefit-defined contribution accounts
  • $118,356Employee benefit-defined benefit accounts
  • $3,258,709Other retirement accounts
  • $235,826Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $7,041,315Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 8059Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,238,677Other retirement accounts
  • $91,383Corporate trust and agency accounts
  • $644,469Other fiduciary accounts
  • $244,030Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2006)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $4,1301-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $330,904All other loans and all leases
  • Past due loan amounts 30-89 days (included in principal balance)
  • $3641-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $0All other loans and all leases
  • Recoveries on Assets Sold and Securitized (included in principal balance and YTD only)
  • $121-4 family residential loans
  • $0>Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans
  • $0All other loans and all leases

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