Call reports 2008
MERCANTILE BANK — 2008
What MERCANTILE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 2,112,224,000 | 2,159,304,000 | 2,202,973,000 | 2,203,768,000 |
| Total loans | 1,794,310,000 | 1,840,793,000 | 1,870,799,000 | 1,856,915,000 |
| Allowance for loan losses | 29,957,000 | 31,881,000 | 29,511,000 | 27,108,000 |
| Securities available for sale | 133,978,000 | 129,013,000 | 144,019,000 | 162,669,000 |
| Securities held to maturity | 65,318,000 | 63,787,000 | 64,002,000 | 64,437,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,556,130,000 | 1,545,498,000 | 1,576,157,000 | 1,599,982,000 |
| Interest-bearing deposits | 1,434,484,000 | 1,414,690,000 | 1,520,783,000 | 1,550,531,000 |
| Noninterest-bearing deposits | 121,646,000 | 130,808,000 | 55,374,000 | 49,451,000 |
| Equity capital | 202,994,000 | 196,434,000 | 200,138,000 | 203,153,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 31,954,000 | 61,094,000 | 90,937,000 | 121,071,000 |
| Interest expense | 19,992,000 | 37,995,000 | 55,501,000 | 72,739,000 |
| Net interest income | 11,962,000 | 23,099,000 | 35,436,000 | 48,332,000 |
| Noninterest income | 1,668,000 | 2,763,000 | 4,530,000 | 5,852,000 |
| Noninterest expense | 9,539,000 | 19,146,000 | 29,192,000 | 38,531,000 |
| Provision for loan losses | 9,100,000 | 15,300,000 | 17,200,000 | 21,200,000 |
| Pretax income | -5,009,000 | -8,584,000 | -6,426,000 | -5,547,000 |
| Income tax | -2,046,000 | -3,707,000 | -3,317,000 | -3,459,000 |
| Net income | -2,963,000 | -4,877,000 | -3,109,000 | -2,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 201,752,000 | 198,619,000 | 199,611,000 | 199,834,000 |
| Total capital | 227,202,000 | 224,666,000 | 225,991,000 | 226,001,000 |
| Risk-weighted assets | 2,031,009,000 | 2,077,461,000 | 2,106,722,000 | 2,091,932,000 |