Call reports 2007
MERCANTILE BANK — 2007
What MERCANTILE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 2,088,575,000 | 2,099,997,000 | 2,103,474,000 | 2,118,030,000 |
| Total loans | 1,748,838,000 | 1,776,026,000 | 1,796,963,000 | 1,799,880,000 |
| Allowance for loan losses | 21,654,000 | 22,800,000 | 24,857,000 | 25,814,000 |
| Securities available for sale | 133,346,000 | 133,247,000 | 135,242,000 | 136,673,000 |
| Securities held to maturity | 64,372,000 | 63,664,000 | 64,863,000 | 65,330,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,688,093,000 | 1,640,778,000 | 1,643,094,000 | 1,593,318,000 |
| Interest-bearing deposits | 1,557,236,000 | 1,515,801,000 | 1,521,759,000 | 1,460,251,000 |
| Noninterest-bearing deposits | 130,857,000 | 124,977,000 | 121,335,000 | 133,067,000 |
| Equity capital | 203,806,000 | 203,239,000 | 206,428,000 | 206,890,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 36,025,000 | 72,109,000 | 108,889,000 | 144,182,000 |
| Interest expense | 20,873,000 | 42,323,000 | 64,355,000 | 85,884,000 |
| Net interest income | 15,152,000 | 29,786,000 | 44,534,000 | 58,298,000 |
| Noninterest income | 1,385,000 | 2,748,000 | 4,085,000 | 5,624,000 |
| Noninterest expense | 8,277,000 | 17,200,000 | 26,114,000 | 35,599,000 |
| Provision for loan losses | 1,020,000 | 3,370,000 | 6,170,000 | 11,070,000 |
| Pretax income | 7,240,000 | 11,964,000 | 16,335,000 | 17,253,000 |
| Income tax | 2,225,000 | 3,583,000 | 4,807,000 | 4,818,000 |
| Net income | 5,015,000 | 8,381,000 | 11,528,000 | 12,435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 204,632,000 | 206,160,000 | 207,498,000 | 206,603,000 |
| Total capital | 226,786,000 | 229,460,000 | 232,855,000 | 232,392,000 |
| Risk-weighted assets | 1,995,651,000 | 2,040,417,000 | 2,065,649,000 | 2,062,562,000 |