Call reports 2008
PACIFIC MERCANTILE BANK — 2008
What PACIFIC MERCANTILE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,097,677,000 | 1,117,453,000 | 1,156,778,000 | 1,153,390,000 |
| Total loans | 790,221,000 | 792,722,000 | 831,010,000 | 834,414,000 |
| Allowance for loan losses | 6,623,000 | 7,035,000 | 8,333,000 | 15,416,000 |
| Securities available for sale | 212,351,000 | 230,092,000 | 210,555,000 | 160,900,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 781,139,000 | 782,092,000 | 804,988,000 | 831,786,000 |
| Interest-bearing deposits | 612,140,000 | 618,504,000 | 634,691,000 | 678,985,000 |
| Noninterest-bearing deposits | 168,999,000 | 163,588,000 | 170,297,000 | 152,801,000 |
| Equity capital | 87,696,000 | 84,481,000 | 87,225,000 | 81,484,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 15,842,000 | 30,906,000 | 46,064,000 | 61,275,000 |
| Interest expense | 8,940,000 | 17,471,000 | 25,584,000 | 33,979,000 |
| Net interest income | 6,902,000 | 13,435,000 | 20,480,000 | 27,296,000 |
| Noninterest income | 375,000 | 712,000 | 1,221,000 | 1,710,000 |
| Noninterest expense | 5,612,000 | 11,073,000 | 16,518,000 | 23,057,000 |
| Provision for loan losses | 1,075,000 | 3,816,000 | 5,441,000 | 21,685,000 |
| Pretax income | 1,670,000 | 390,000 | 1,001,000 | -14,993,000 |
| Income tax | 645,000 | 38,000 | 246,000 | -3,424,000 |
| Net income | 1,025,000 | 352,000 | 755,000 | -11,569,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 89,165,000 | 88,647,000 | 91,204,000 | 80,357,000 |
| Total capital | 96,083,000 | 95,977,000 | 99,832,000 | 91,759,000 |
| Risk-weighted assets | 853,098,000 | 860,178,000 | 894,658,000 | 907,860,000 |
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