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)
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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

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