The Merchants National Bank of Fort Smith in Fort Smith, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 11, 1997

  • The Merchants National Bank of Fort Smith in Fort Smith, Arkansas (AR)
  • Show street view No street view available for this location

The Merchants National Bank of Fort Smith - Overview

  • General
  • FDIC Certificate #: 3866
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Deposit Guaranty National Bank (#9784)
    Federal Reserve ID: 440642
    Date Established: October 17, 1882
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 12708
    FDIC's unique #: 2521
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 11, 1997
    Last Structure Change Process Date: August 12, 1997
    Last Data Update: August 12, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 723 Garrison Avenue, Fort Smith, AR 72901
    County: Sebastian
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Fort Smith, AR-OK (#2720)
    Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900)
    CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
  • Financial Summary
  • Total assets: $318.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $140Total assets
  • $332,446Cash and due from depository institutions
  • $10,210Interest-bearing balances
  • $7Securities
  • $108,026Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $182,016Loan loss allowance
  • $2,199Trading account assets
  • $0Bank premises and fixed assets
  • $4,244Other real estate owned
  • $147Goodwill and other intangibles
  • $5,281Life insurance assets
  • $22,522All other assets
  • $0Total liabilities and capital
  • $332,446Total liabilities
  • $287,377Total deposits
  • $277,217Interest-bearing deposits
  • $241,024Deposits held in domestic offices
  • 277217.00%% insured (estimated)
  • $72Federal funds purchased & repurchase agreements
  • $5,959Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $4,201Total equity capital
  • $4,201Total bank equity capital
  • $45,069Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $42,116Undivided profits
  • Memoranda
  • $953Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,363Income earned, not collected on loans
  • $1,572Earning assets
  • $290,049Long-term assets (5+ years)
  • $62,547Average Assets, year-to-date
  • $331,990Average Assets, quarterly
  • $332,821Volatile liabilities
  • $61,064Insider loans
  • $5,656FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12,093Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $22,645Total risk weighted assets
  • $173,786Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,406Total interest expense
  • $10,510Net interest income
  • $11,896Provision for loan and lease losses
  • $240Total noninterest income
  • $3,688Fiduciary activities
  • $871Service charges on deposit accounts
  • $1,187Trading account gains & fees
  • $1Additional noninterest income
  • $1,629Total noninterest expense
  • $11,642Salaries and employee benefits
  • $4,733Premises and equipment expense
  • $1,307Additional noninterest expense
  • $5,602Pre-tax net operating income
  • $3,702Securities gains (losses)
  • $0Applicable income taxes
  • $1,487Income before extraordinary items
  • $2,215Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,215Net charge-offs
  • $147Cash dividends
  • $1,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.89%Cost of funding earning assets
  • 3.70%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 1.30%Noninterest expense to earning assets
  • 4.10%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 1.12%Return on equity (ROE)
  • 5.00%Retained earnings to average equity (YTD only)
  • 2.29%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 163.27%Efficiency ratio
  • 61,794Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.18%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 161.34%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 65.66%Net loans and leases to core deposits
  • 81.95%Equity capital to assets
  • 13.56%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $331,990Average earning assets
  • $44,312Average equity
  • $284,144Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Merchants National Bank of Fort Smith.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents