United Mercantile Bank
Shreveport, LA · Owner: United Mercantile Bancshares
$86.3M
total assets, September 30, 1987
$86.3M
total assets, September 30, 1987
United Mercantile Bank was a state nonmember bank in Shreveport, LA, owned by United Mercantile Bancshares. It failed on Jan 21, 1988, and Hibernia National Bank took over its deposits. At its last report it held $86.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Jan 21, 1988
- Assets
- $86.3M
- Deposits
- $78.2M
- Estimated cost
- $26.4M
- Deposits went to
- Hibernia National Bank, New Orleans, LA
Total assets
$86.3M
-10.8% in a year · -1.1% in a quarter
Deposits
$78.2M
-7.1% in a year · -0.8% in a quarter
Loans
$59.3M
-7.3% in a year · -2.3% in a quarter
Profit so far
-$2.6M
Jan 1 to Sep 30, 1987
Capital ratio
2.01%
-4.16 pts in a year
Return on assets
-3.84%
-3.59 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 509 Market Street, Shreveport, LA, 71166
- County
- Caddo
- Holding company
- United Mercantile Bancshares
- Established
- Apr 6, 1972
- Failed
- Jan 21, 1988
- Employees
- 72
- Id
- b20650
Quarter by quarter
March 31, 1984 to September 30, 1987
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 United Mercantile Bank?
$86.3 million in total assets and $78.2 million in deposits as of September 30, 1987, with assets down 10.8% from a year before. Its loans were $59.3 million.
Is United Mercantile Bank profitable?
No: it lost $2.57 million from January 1 to September 30, 1987. Its return on assets was -3.84% a year; about 1% is typical.
Who owns United Mercantile Bank?
United Mercantile Bank is owned by United Mercantile Bancshares, its holding company.
When did United Mercantile Bank fail?
Jan 21, 1988. Hibernia National Bank of New Orleans, LA took over its deposits. The estimated cost of the failure was $26.4 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.