Call reports 2001
MERCANTILE BANK — 2001
What MERCANTILE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 558,431,000 | 615,721,000 | 644,581,000 | 696,454,000 |
| Total loans | 459,728,000 | 508,110,000 | 540,692,000 | 587,248,000 |
| Allowance for loan losses | 6,765,000 | 7,462,000 | 7,930,000 | 8,494,000 |
| Securities available for sale | 46,059,000 | 47,040,000 | 47,344,000 | 52,055,000 |
| Securities held to maturity | 15,622,000 | 19,800,000 | 23,166,000 | 25,979,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 467,794,000 | 520,678,000 | 519,413,000 | 569,704,000 |
| Interest-bearing deposits | 432,395,000 | 482,297,000 | 479,522,000 | 526,542,000 |
| Noninterest-bearing deposits | 35,399,000 | 38,381,000 | 39,891,000 | 43,162,000 |
| Equity capital | 53,503,000 | 54,176,000 | 80,781,000 | 84,744,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 10,855,000 | 21,867,000 | 33,397,000 | 44,619,000 |
| Interest expense | 7,007,000 | 13,935,000 | 20,725,000 | 26,653,000 |
| Net interest income | 3,848,000 | 7,932,000 | 12,672,000 | 17,966,000 |
| Noninterest income | 309,000 | 675,000 | 1,113,000 | 1,672,000 |
| Noninterest expense | 1,921,000 | 4,043,000 | 6,292,000 | 8,912,000 |
| Provision for loan losses | 450,000 | 1,180,000 | 1,635,000 | 2,370,000 |
| Pretax income | 1,886,000 | 3,484,000 | 5,958,000 | 8,563,000 |
| Income tax | 613,000 | 1,086,000 | 1,866,000 | 2,688,000 |
| Net income | 1,273,000 | 2,398,000 | 4,092,000 | 5,875,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,992,000 | 53,733,000 | 79,837,000 | 84,336,000 |
| Total capital | 59,550,000 | 61,022,000 | 87,609,000 | 92,679,000 |
| Risk-weighted assets | 524,366,000 | 582,925,000 | 621,587,000 | 667,325,000 |