Call reports 2003
MERCANTILE SOUTHERN MARYLAND BANK — 2003
What MERCANTILE SOUTHERN MARYLAND BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 257,739,000 | 262,209,000 | 263,801,000 | 265,011,000 |
| Total loans | 143,385,000 | 144,813,000 | 150,701,000 | 155,995,000 |
| Allowance for loan losses | 2,833,000 | 2,824,000 | 2,891,000 | 2,694,000 |
| Securities available for sale | 99,406,000 | 108,759,000 | 102,954,000 | 97,518,000 |
| Securities held to maturity | 575,000 | 625,000 | 625,000 | 620,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 224,170,000 | 228,111,000 | 230,571,000 | 231,195,000 |
| Interest-bearing deposits | 156,919,000 | 160,635,000 | 155,193,000 | 158,294,000 |
| Noninterest-bearing deposits | 67,251,000 | 67,476,000 | 75,378,000 | 72,901,000 |
| Equity capital | 27,738,000 | 28,251,000 | 25,781,000 | 26,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 3,696,000 | 7,495,000 | 11,282,000 | 15,019,000 |
| Interest expense | 422,000 | 803,000 | 1,112,000 | 1,400,000 |
| Net interest income | 3,274,000 | 6,692,000 | 10,170,000 | 13,619,000 |
| Noninterest income | 671,000 | 1,404,000 | 2,180,000 | 2,913,000 |
| Noninterest expense | 1,645,000 | 3,322,000 | 4,960,000 | 6,439,000 |
| Provision for loan losses | 86,000 | 183,000 | 281,000 | 96,000 |
| Pretax income | 2,230,000 | 4,607,000 | 7,125,000 | 10,013,000 |
| Income tax | 778,000 | 1,626,000 | 2,562,000 | 3,598,000 |
| Net income | 1,452,000 | 2,981,000 | 4,563,000 | 6,415,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,261,000 | 25,746,000 | 23,901,000 | 24,658,000 |
| Total capital | 26,948,000 | 27,492,000 | 28,007,000 | 28,816,000 |
| Risk-weighted assets | 133,820,000 | 138,602,000 | 143,375,000 | 147,828,000 |