Call reports 2003
MERCANTILE BANK — 2003
What MERCANTILE 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 | 966,823,000 | 1,032,468,000 | 1,151,235,000 | 1,200,897,000 |
| Total loans | 812,487,000 | 866,009,000 | 972,191,000 | 1,035,963,000 |
| Allowance for loan losses | 11,406,000 | 12,158,000 | 13,482,000 | 14,379,000 |
| Securities available for sale | 61,465,000 | 60,980,000 | 61,578,000 | 71,421,000 |
| Securities held to maturity | 39,168,000 | 40,587,000 | 42,445,000 | 45,112,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 801,802,000 | 844,157,000 | 890,554,000 | 904,300,000 |
| Interest-bearing deposits | 732,944,000 | 767,132,000 | 813,106,000 | 827,721,000 |
| Noninterest-bearing deposits | 68,858,000 | 77,025,000 | 77,448,000 | 76,579,000 |
| Equity capital | 94,616,000 | 96,488,000 | 134,661,000 | 142,791,000 |
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 | 12,675,000 | 26,108,000 | 39,962,000 | 54,658,000 |
| Interest expense | 5,492,000 | 11,024,000 | 16,431,000 | 21,791,000 |
| Net interest income | 7,183,000 | 15,084,000 | 23,531,000 | 32,867,000 |
| Noninterest income | 977,000 | 2,000,000 | 3,000,000 | 4,040,000 |
| Noninterest expense | 3,863,000 | 8,056,000 | 12,626,000 | 17,460,000 |
| Provision for loan losses | 625,000 | 1,470,000 | 2,850,000 | 3,800,000 |
| Pretax income | 3,672,000 | 7,770,000 | 11,326,000 | 15,968,000 |
| Income tax | 1,070,000 | 2,254,000 | 3,195,000 | 4,509,000 |
| Net income | 2,602,000 | 5,516,000 | 8,131,000 | 11,459,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,696,000 | 95,784,000 | 134,573,000 | 142,571,000 |
| Total capital | 105,102,000 | 107,940,000 | 148,055,000 | 156,950,000 |
| Risk-weighted assets | 915,155,000 | 972,449,000 | 1,085,470,000 | 1,156,945,000 |