Mercantile Southern Maryland Bank in Leonardtown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Mercantile Southern Maryland Bank in Leonardtown, Maryland (MD)
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Mercantile Southern Maryland Bank - Overview

  • General
  • FDIC Certificate #: 18933
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 489128
    Date Established: November 02, 1963
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Interstate: No)
    FDIC's unique #: 12780
    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: November 02, 1963
    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: 41614 Park Avenue, Leonardtown, MD 20650
    County: Calvert
    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): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $1,034.3 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, 2006)

  • Dollar figures in thousands
  • 203Total employees (full-time equivalent)
  • $1,022,288Total assets
  • $21,685Cash and due from depository institutions
  • $2,516Interest-bearing balances
  • $264,060Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $708,885Net loans & leases
  • $6,636Loan loss allowance
  • $0Trading account assets
  • $7,309Bank premises and fixed assets
  • $0Other real estate owned
  • $499Goodwill and other intangibles
  • $5,309Life insurance assets
  • $19,850All other assets
  • $1,022,288Total liabilities and capital
  • $927,926Total liabilities
  • $834,471Total deposits
  • $594,140Interest-bearing deposits
  • $834,471Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $59,132Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $29,500Subordinated debt
  • $4,823All other liabilities
  • $94,362Total equity capital
  • $94,362Total bank equity capital
  • $94,362Perpetual preferred stock
  • $0Common stock
  • $2,273Surplus
  • $18,120Undivided profits
  • Memoranda
  • $73,969Noncurrent loans and leases
  • $140,078Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $516Earning assets
  • $0Long-term assets (5+ years)
  • $4,647Average Assets, year-to-date
  • $975,461Average Assets, quarterly
  • $214,247Volatile liabilities
  • $989,527Insider loans
  • $1,017,486FHLB advances
  • $127,490Loans and leases held for sale
  • $54,131Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $538Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $140,078Total unused commitments
  • $0Restructured Loans and leases
  • $36,912Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $57,491Total interest income
  • $14,927Total interest expense
  • $42,564Net interest income
  • -$513Provision for loan and lease losses
  • $10,252Total noninterest income
  • $0Fiduciary activities
  • $3,964Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,288Additional noninterest income
  • $20,400Total noninterest expense
  • $8,587Salaries and employee benefits
  • $2,228Premises and equipment expense
  • $9,585Additional noninterest expense
  • $32,929Pre-tax net operating income
  • $5Securities gains (losses)
  • $12,198Applicable income taxes
  • $20,736Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,736Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $18,799Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.11%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 4.52%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 2.10%Net operating income to assets
  • 2.10%Return on assets (ROA)
  • 3.33%Pretax return on assets
  • 22.56%Return on equity (ROE)
  • 2.11%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -540.00%Credit loss provision to net charge-offs
  • 341.22%Efficiency ratio
  • 38,625Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.66%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 1286.05%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 84.95%Net loans and leases to core deposits
  • 92.53%Equity capital to assets
  • 9.23%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $989,527Average earning assets
  • $91,931Average equity
  • $940,676Average loans

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