Call reports 2005
MERCANTILE BANK — 2005
What MERCANTILE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 1,663,832,000 | 1,706,881,000 | 1,794,565,000 | 1,835,967,000 |
| Total loans | 1,374,577,000 | 1,424,463,000 | 1,488,958,000 | 1,561,812,000 |
| Allowance for loan losses | 18,097,000 | 18,856,000 | 19,571,000 | 20,527,000 |
| Securities available for sale | 102,734,000 | 107,898,000 | 109,966,000 | 112,961,000 |
| Securities held to maturity | 57,023,000 | 58,851,000 | 60,271,000 | 60,766,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,291,505,000 | 1,323,575,000 | 1,399,121,000 | 1,421,397,000 |
| Interest-bearing deposits | 1,155,961,000 | 1,186,745,000 | 1,283,013,000 | 1,300,569,000 |
| Noninterest-bearing deposits | 135,544,000 | 136,830,000 | 116,108,000 | 120,828,000 |
| Equity capital | 173,286,000 | 177,957,000 | 180,965,000 | 183,707,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 21,705,000 | 46,051,000 | 72,815,000 | 102,131,000 |
| Interest expense | 8,644,000 | 18,927,000 | 31,118,000 | 44,925,000 |
| Net interest income | 13,061,000 | 27,124,000 | 41,697,000 | 57,206,000 |
| Noninterest income | 1,198,000 | 2,403,000 | 3,719,000 | 5,210,000 |
| Noninterest expense | 6,675,000 | 13,620,000 | 21,731,000 | 29,903,000 |
| Provision for loan losses | 725,000 | 1,625,000 | 2,520,000 | 3,790,000 |
| Pretax income | 6,859,000 | 14,282,000 | 21,165,000 | 28,723,000 |
| Income tax | 2,127,000 | 4,443,000 | 6,573,000 | 9,081,000 |
| Net income | 4,732,000 | 9,839,000 | 14,592,000 | 19,642,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 174,001,000 | 177,951,000 | 181,386,000 | 185,091,000 |
| Total capital | 192,098,000 | 196,807,000 | 201,457,000 | 206,118,000 |
| Risk-weighted assets | 1,536,481,000 | 1,587,361,000 | 1,667,064,000 | 1,740,243,000 |