Call reports 2002
MERCANTILE BANK — 2002
What MERCANTILE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 726,461,000 | 780,703,000 | 869,161,000 | 920,178,000 |
| Total loans | 621,301,000 | 667,862,000 | 717,199,000 | 771,554,000 |
| Allowance for loan losses | 8,925,000 | 9,562,000 | 10,193,000 | 10,890,000 |
| Securities available for sale | 48,067,000 | 53,006,000 | 55,120,000 | 59,613,000 |
| Securities held to maturity | 28,049,000 | 29,751,000 | 31,140,000 | 36,493,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 596,443,000 | 645,677,000 | 723,094,000 | 754,960,000 |
| Interest-bearing deposits | 556,672,000 | 602,028,000 | 655,263,000 | 692,555,000 |
| Noninterest-bearing deposits | 39,771,000 | 43,649,000 | 67,831,000 | 62,405,000 |
| Equity capital | 86,032,000 | 88,274,000 | 90,788,000 | 92,974,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 11,039,000 | 22,679,000 | 34,997,000 | 47,632,000 |
| Interest expense | 5,616,000 | 11,133,000 | 16,783,000 | 22,425,000 |
| Net interest income | 5,423,000 | 11,546,000 | 18,214,000 | 25,207,000 |
| Noninterest income | 420,000 | 981,000 | 1,779,000 | 2,783,000 |
| Noninterest expense | 2,721,000 | 5,761,000 | 8,901,000 | 12,269,000 |
| Provision for loan losses | 460,000 | 1,142,000 | 2,022,000 | 3,002,000 |
| Pretax income | 2,811,000 | 5,773,000 | 9,340,000 | 12,989,000 |
| Income tax | 852,000 | 1,747,000 | 2,816,000 | 3,869,000 |
| Net income | 1,959,000 | 4,026,000 | 6,524,000 | 9,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 85,911,000 | 87,594,000 | 89,708,000 | 91,920,000 |
| Total capital | 94,699,000 | 97,059,000 | 99,901,000 | 102,808,000 |
| Risk-weighted assets | 702,918,000 | 757,090,000 | 821,260,000 | 871,048,000 |