Roosevelt Bank in Chesterfield, Missouri (MO)



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Table of contents:
Roosevelt Bank
GeneralFDIC Certificate #: 28753
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank National Association (#4601)
Federal Reserve ID: 340470
Date Established: January 01, 1906
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2295
FDIC's unique #: 41587
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: September 24, 1952
Last Structure Change Effective Date: July 01, 1997
Last Structure Change Process Date: July 08, 1997
Last Data Update: November 15, 1997
Data Source Date: April 05, 2012
LocationAddress: 900 Roosevelt Parkway, Chesterfield, MO 63017
County: St. Louis
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
Financial SummaryTotal assets: $7,173.5 mil

Historical Total Incomes ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,333
Cash and due from depository institutions$7,805,142
Interest-bearing balances$111,404
Securities$86,981
Federal funds sold & reverse repurchase agreements$2,923,343
Net loans & leases$0
Loan loss allowance $4,248,450
Trading account assets$16,769
Bank premises and fixed assets$0
Other real estate owned$53,638
Goodwill and other intangibles$12,212
All other assets$82,157
Life insurance assets$373,938
Total liabilities and capital$0
Total liabilities$7,805,142
Total deposits$7,354,535
Interest-bearing deposits$5,445,708
Deposits held in domestic offices$5,214,416
% insured (estimated)5445708.00%
Federal funds purchased & repurchase agreements $95
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,837,756
All other liabilities $0
Total equity capital$71,071
Total bank equity capital$71,071
Perpetual preferred stock$450,607
Common stock$0
Surplus$1
Undivided profits $324,975
Memoranda
Noncurrent loans and leases $125,631
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $56,012
Earning assets $25,398
Long-term assets (5+ years) $7,258,774
Average Assets, year-to-date $0
Average Assets, quarterly $9,039,423
Volatile liabilities $8,527,360
Insider loans $2,337,640
FHLB advances $0
Loans and leases held for sale $1,837,756
Unused loan commitments $0
Tier 1 (core) risk-based capital $224,110
Tier 2 risk-based capital $0
Total risk weighted assets $425,291
Total unused commitments $3,781,381
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $640,352
Net interest income $449,396
Provision for loan and lease losses $190,956
Total noninterest income $1,613
Fiduciary activities $47,273
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income -$3,856
Total noninterest expense $51,129
Salaries and employee benefits $159,584
Premises and equipment expense $40,334
Additional noninterest expense $19,346
Pre-tax net operating income $99,904
Securities gains (losses) $77,032
Applicable income taxes -$59,044
Income before extraordinary items $5,672
Extraordinary gains - net $12,316
Net income attributable to bank -$915
Net charge-offs $11,401
Cash dividends $1,157
Sale, conversion, retirement of capital stock, net $81,305
Net operating income $510,708
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.48%
Net interest margin 5.25%
Noninterest income to earning assets 2.23%
Noninterest expense to earning assets 0.55%
Net operating income to assets 1.86%
Return on assets (ROA) 0.58%
Pretax return on assets 0.13%
Return on equity (ROE) 0.19%
Retained earnings to average equity (YTD only) 2.19%
Net charge-offs to loans -13.43%
Credit loss provision to net charge-offs 0.03%
Efficiency ratio139.41%
Assets per employee$66,096
Cash dividends to net income (YTD only)5.86%
Condition Ratios (%)
Loss allowance to loans 713.14%
Loss allowance to noncurrent loans 0.39%
Noncurrent assets plus other real estate owned to assets 24.62%
Noncurrent loans to loans 0.87%
Net loans and leases to deposits1.31%
Net loans and leases to core deposits 78.01%
Equity capital to assets 85.90%
Core capital (leverage) ratio 5.77%
Tier 1 risk-based capital ratio 5.47%
Total risk-based capital ratio 11.25%
Memoranda
Average assets$12
Average earning assets$9,039,423
Average equity $520,336
Average loans $8,557,570
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