Mercantile Bank & Trust
San Antonio, TX · Owner: Howland Bancshares Inc
$76.2M
total assets, June 30, 1988
$76.2M
total assets, June 30, 1988
Mercantile Bank & Trust was a state nonmember bank in San Antonio, TX, owned by Howland Bancshares Inc. It failed on Jun 30, 1988, and Groos Bank National Assn took over its deposits. At its last report it held $76.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Jun 30, 1988
- Assets
- $76.2M
- Deposits
- $81.6M
- Estimated cost
- $12.4M
- Deposits went to
- Groos Bank National Assn, San Antonio, TX
Total assets
$76.2M
-32.6% in a year · -3.7% in a quarter
Deposits
$81.6M
-20.3% in a year · -3.0% in a quarter
Loans
$39.2M
-47.6% in a year · -9.1% in a quarter
Profit so far
-$7.9M
Jan 1 to Jun 30, 1988
Capital ratio
-7.53%
-13.88 pts in a year
Return on assets
-19.11%
-14.97 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 40 N.E. Loop 410, San Antonio, TX, 78216
- County
- Bexar
- Holding company
- Howland Bancshares Inc
- Established
- Feb 17, 1960
- Failed
- Jul 1, 1988
- Employees
- 67
- Id
- b18167
Quarter by quarter
March 31, 1984 to June 30, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Mercantile Bank & Trust?
$76.2 million in total assets and $81.6 million in deposits as of June 30, 1988, with assets down 32.6% from a year before. Its loans were $39.2 million.
Is Mercantile Bank & Trust profitable?
No: it lost $7.88 million from January 1 to June 30, 1988. Its return on assets was -19.11% a year; about 1% is typical.
Who owns Mercantile Bank & Trust?
Mercantile Bank & Trust is owned by Howland Bancshares Inc, its holding company.
When did Mercantile Bank & Trust fail?
Jun 30, 1988. Groos Bank National Assn of San Antonio, TX took over its deposits. The estimated cost of the failure was $12.4 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.