Mercantile Bank Texas
Fort Worth, TX — Domestic Branch of a Domestic Bank
Acquired Aug 2004
Vitals
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Total Assets212.7M -10.3 %
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Total Deposits194.7M -11.4 %
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Total Net Loans148.9M 17.9 %
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Net Income820000.0000 -8.0 %
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Book Value16.5M 10.6 %
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Book Value x233.0M 10.6 %
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Book Value x349.5M 10.6 %
Balance Sheet Highlights
Financial Highlights | Mercantile Bank Texas | All Insured Commercial Banks in Texas |
Balance Sheet $(000) | ||
Total Assets | 212,675 | 123,425 |
Total Net Loans | 148,906 | 68,589 |
Total Deposits | 194,727 | 104,956 |
Total Equity | 16,491 | 12,064 |
Profitability | ||
Net Income | 820 | 1,545 |
Return on Average Assets | .817 | 1.277 |
Return on Average Equity | 10.086 | 12.908 |
Net Interest Margin | 5.343 | 4.301 |
Efficiency Ratio | 63.297 | 68.807 |
Noninterest Income/Revenue | 10.959 | 17.788 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 76.469 | 62.204 |
Securities/Assets | .098 | .695 |
Total Equity/Total Assets | .078 | .098 |
Tangible Equity/Tangible Assets | .078 | -.028 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 16,476 | 11,735 |
Tier 2 Capital | 2,055 | 806 |
Total Capital | 18,531 | 12,555 |
Total Risk Weighted Assets | 164,313 | 77,004 |
Leverage Ratio | 7.92 | 9.931 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.02 | 17.209 |
Total Capital Ratio | 11.28 | 18.282 |
Timeline for Mercantile Bank Texas
State National Bank
Mercantile Bank Texas was acquired by State National Bank 19 years
View Profile Aug 13 2004Bbva Usa Bancshares, Inc.
Bbva Usa Bancshares, Inc. became a new parent organization for Mercantile Bank Texas.
View Profile Jul 31 2004Landmark Financial Group Of Delaware
Landmark Financial Group Of Delaware became a new parent organization for Mercantile Bank Texas.
View Profile May 29 1987Landmark Financial Group, Inc.
Landmark Financial Group, Inc. became a new parent organization for Mercantile Bank Texas.
View Profile Feb 28 1983Mercantile Bank Texas
Mercantile Bank Texas was established 45 years ago and is currently headquartered in Fort Worth, TX.
Jan 15 1979Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
State National Bank | Buyer | 1,978,402 | Pooling of Interests | Discontinued | 8/13/2004 |
Relationships | Role | Relationship Start | Relationship End |
Bbva Usa Bancshares, Inc. | Parent | 7/31/2004 | 8/12/2004 |
Landmark Financial Group Of Delaware | Parent | 5/29/1987 | 5/31/1990 |
Landmark Financial Group, Inc. | Parent | 12/31/1984 | 5/28/1987 |
Landmark Financial Group, Inc. | Parent | 2/28/1983 | 12/30/1984 |
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