Call reports 2006
MERCANTILE BANK — 2006
What MERCANTILE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 1,895,916,000 | 1,967,666,000 | 2,024,696,000 | 2,065,067,000 |
| Total loans | 1,612,351,000 | 1,670,471,000 | 1,710,268,000 | 1,745,478,000 |
| Allowance for loan losses | 20,995,000 | 21,507,000 | 21,938,000 | 21,411,000 |
| Securities available for sale | 118,103,000 | 119,023,000 | 125,747,000 | 130,967,000 |
| Securities held to maturity | 62,179,000 | 61,758,000 | 62,096,000 | 63,943,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,483,856,000 | 1,549,953,000 | 1,616,972,000 | 1,649,225,000 |
| Interest-bearing deposits | 1,368,976,000 | 1,420,470,000 | 1,501,703,000 | 1,516,029,000 |
| Noninterest-bearing deposits | 114,880,000 | 129,483,000 | 115,269,000 | 133,196,000 |
| Equity capital | 187,485,000 | 190,111,000 | 195,907,000 | 200,299,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 31,099,000 | 64,845,000 | 100,520,000 | 137,259,000 |
| Interest expense | 15,417,000 | 32,880,000 | 52,326,000 | 73,087,000 |
| Net interest income | 15,682,000 | 31,965,000 | 48,194,000 | 64,172,000 |
| Noninterest income | 1,227,000 | 2,483,000 | 3,826,000 | 5,189,000 |
| Noninterest expense | 7,597,000 | 15,254,000 | 22,901,000 | 30,574,000 |
| Provision for loan losses | 1,225,000 | 2,725,000 | 4,075,000 | 5,775,000 |
| Pretax income | 8,087,000 | 16,469,000 | 25,044,000 | 33,012,000 |
| Income tax | 2,523,000 | 5,149,000 | 7,844,000 | 10,356,000 |
| Net income | 5,564,000 | 11,320,000 | 17,200,000 | 22,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 189,180,000 | 193,337,000 | 197,604,000 | 201,369,000 |
| Total capital | 210,675,000 | 215,344,000 | 220,042,000 | 223,280,000 |
| Risk-weighted assets | 1,793,354,000 | 1,873,444,000 | 1,922,008,000 | 1,975,834,000 |