Call reports 2004
MERCANTILE BANK — 2004
What MERCANTILE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 1,292,293,000 | 1,375,595,000 | 1,473,808,000 | 1,534,398,000 |
| Total loans | 1,111,153,000 | 1,185,363,000 | 1,253,713,000 | 1,317,124,000 |
| Allowance for loan losses | 15,337,000 | 16,312,000 | 17,045,000 | 17,819,000 |
| Securities available for sale | 64,974,000 | 69,751,000 | 87,625,000 | 93,826,000 |
| Securities held to maturity | 46,531,000 | 48,467,000 | 50,668,000 | 52,341,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 996,656,000 | 1,047,258,000 | 1,146,673,000 | 1,160,825,000 |
| Interest-bearing deposits | 910,756,000 | 932,817,000 | 1,035,631,000 | 1,059,083,000 |
| Noninterest-bearing deposits | 85,900,000 | 114,441,000 | 111,042,000 | 101,742,000 |
| Equity capital | 145,522,000 | 146,600,000 | 150,505,000 | 170,389,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 15,354,000 | 31,484,000 | 49,303,000 | 69,022,000 |
| Interest expense | 5,466,000 | 11,196,000 | 17,795,000 | 25,160,000 |
| Net interest income | 9,888,000 | 20,288,000 | 31,508,000 | 43,862,000 |
| Noninterest income | 949,000 | 1,938,000 | 3,083,000 | 4,182,000 |
| Noninterest expense | 4,973,000 | 10,201,000 | 15,579,000 | 21,589,000 |
| Provision for loan losses | 1,244,000 | 2,474,000 | 3,674,000 | 4,674,000 |
| Pretax income | 4,698,000 | 9,629,000 | 15,416,000 | 21,859,000 |
| Income tax | 1,349,000 | 2,762,000 | 4,511,000 | 6,187,000 |
| Net income | 3,349,000 | 6,867,000 | 10,905,000 | 15,672,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 144,912,000 | 147,396,000 | 150,140,000 | 170,257,000 |
| Total capital | 160,249,000 | 163,708,000 | 167,185,000 | 188,076,000 |
| Risk-weighted assets | 1,236,542,000 | 1,311,603,000 | 1,395,994,000 | 1,466,113,000 |