The Mercantile Bank of Louisiana, Missouri

222 Georgia Street
Louisiana, MO 63353

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12231
Date Established 1880
Assets $0.11 billion
Loans $0.07 billion
Deposits $0.08 billion
Capital $0.02 billion

The Mercantile Bank of Louisiana, Missouri is an FDIC insured institution located in Louisiana, MO. It was founded in 1880 and has approximately $0.11 billion in assets.

For a more detailed analysis of The Mercantile Bank of Louisiana, Missouri's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.45% $1,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.35% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.50% $100,000 - Learn MoreShow Less
0.80% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.90% $100,000 - Learn MoreShow Less
1.10% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.21% $100,000 - Learn MoreShow Less
1.21% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
1.31% $100,000 - Learn MoreShow Less
1.31% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.41% $100,000 - Learn MoreShow Less
1.41% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.51% $100,000 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.18% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $500 - Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Mercantile Bank of Louisiana, Missouri

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
3.643% 3.625% 0.25 $552 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.530% 3.500% 0.38 $940 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to The Mercantile Bank of Louisiana, Missouri
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

The Mercantile Bank of Louisiana, Missouri branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


The Mercantile Bank of Louisiana, Missouri Locations


Financial Details

The Mercantile Bank of Louisiana, Missouri Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Mercantile Bank of Louisiana, Missouri. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Mercantile Bank of Louisiana, Missouri U.S. Bank Average
1.33% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, The Mercantile Bank of Louisiana, Missouri had $342,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,255,000 in equity and $2,488,000 in loans loss reserves. That gives it a Texas Ratio of 1.33%.

Return on Equity
The Mercantile Bank of Louisiana, Missouri U.S. Bank Average
5.03% 9.47%

The Mercantile Bank of Louisiana, Missouri has a Return on Equity of 5.03% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Mercantile Bank of Louisiana, Missouri U.S. Bank Average
20.96% 12.49%

The Mercantile Bank of Louisiana, Missouri has a Capitalization of 20.96% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Mercantile Bank of Louisiana, Missouri Balance Sheet Analysis

As of March 31, 2019, The Mercantile Bank of Louisiana, Missouri had assets of $110,968,000, loans of $71,276,000, and deposits of $82,726,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 84.31%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in The Mercantile Bank of Louisiana, Missouri’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Missouri, The Mercantile Bank of Louisiana, Missouri has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.11
Multifamily
Mortgages
0.27
Credit Card Loans 0.00
Consumer Auto Loans 1.02
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 41.19
Commercial and Industrial Loans 3.29
Farm Loans 3.11

Frequently Asked Questions About The Mercantile Bank Of Louisiana, Missouri

Branches and Savings

Is The Mercantile Bank Of Louisiana, Missouri FDIC insured?

Yes. It is covered under FDIC Certificate #12231.

Why does The Mercantile Bank Of Louisiana, Missouri pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Mercantile Bank Of Louisiana, Missouri CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Mercantile Bank Of Louisiana, Missouri a commercial bank?

Yes

Where are The Mercantile Bank Of Louisiana, Missouri locations?

See branch locations nearby.

Is The Mercantile Bank Of Louisiana, Missouri open on Saturdays?

Is The Mercantile Bank Of Louisiana, Missouri open on Sundays?

What time does The Mercantile Bank Of Louisiana, Missouri open?

What time does The Mercantile Bank Of Louisiana, Missouri close?

Are The Mercantile Bank Of Louisiana, Missouri ATMs Open 24/7?

Do The Mercantile Bank Of Louisiana, Missouri ATMs accept cash deposits?

Can The Mercantile Bank Of Louisiana, Missouri customers use other ATMs?

Do The Mercantile Bank Of Louisiana, Missouri branches have notaries?

Will The Mercantile Bank Of Louisiana, Missouri notarize my document?

What address for The Mercantile Bank Of Louisiana, Missouri should I put for incoming ACH transfers?

Will the The Mercantile Bank Of Louisiana, Missouri branch print checks?

Do The Mercantile Bank Of Louisiana, Missouri checks expire?

Does The Mercantile Bank Of Louisiana, Missouri require US citizenship to open account?

Can The Mercantile Bank Of Louisiana, Missouri close my account?

Does The Mercantile Bank Of Louisiana, Missouri Report to credit bureaus?

Does The Mercantile Bank Of Louisiana, Missouri Use Equifax?

What is The Mercantile Bank Of Louisiana, Missouri's ACH Routing Number?

What is The Mercantile Bank Of Louisiana, Missouri's SWIFT code?

Products

Does The Mercantile Bank Of Louisiana, Missouri offer mortgages?

Compare mortgage rates here.

Does The Mercantile Bank Of Louisiana, Missouri offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Mercantile Bank Of Louisiana, Missouri offer personal loans?

Compare personal loan rates here.

Does The Mercantile Bank Of Louisiana, Missouri offer student loans?

Will The Mercantile Bank Of Louisiana, Missouri cash a check?

Will The Mercantile Bank Of Louisiana, Missouri redeem a savings bond?

Does The Mercantile Bank Of Louisiana, Missouri cash savings bonds?

Will The Mercantile Bank Of Louisiana, Missouri cash money orders?

Can The Mercantile Bank Of Louisiana, Missouri issue a money order?

Does The Mercantile Bank Of Louisiana, Missouri do currency exchange?

Background on The Bank

Who owns The Mercantile Bank Of Louisiana, Missouri?

How long has The Mercantile Bank Of Louisiana, Missouri been around?

Can The Mercantile Bank Of Louisiana, Missouri transfer to other banks?

Does The Mercantile Bank Of Louisiana, Missouri have quick pay?

Does The Mercantile Bank Of Louisiana, Missouri accept rolled coins?

Will The Mercantile Bank Of Louisiana, Missouri accept loose change?

Where is The Mercantile Bank Of Louisiana, Missouri headquarters?

Customer Reviews for The Mercantile Bank of Louisiana, Missouri


  • Joy Gibson

    September 13, 2016 |

    This is more a question..Does your Bank offer FDIC: Small-Dollar loans to low- income people ?

Add Your Review

Rate it here →