Call reports 2009
MERCANTILE BANK — 2009
What MERCANTILE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 2,235,083,000 | 2,066,381,000 | 2,012,087,000 | 1,904,762,000 |
| Total loans | 1,778,057,000 | 1,708,524,000 | 1,614,226,000 | 1,539,818,000 |
| Allowance for loan losses | 31,884,000 | 32,605,000 | 33,443,000 | 47,878,000 |
| Securities available for sale | 161,483,000 | 158,996,000 | 160,880,000 | 182,491,000 |
| Securities held to maturity | 65,451,000 | 61,934,000 | 61,927,000 | 59,212,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,651,284,000 | 1,480,477,000 | 1,452,234,000 | 1,403,555,000 |
| Interest-bearing deposits | 1,611,397,000 | 1,429,322,000 | 1,343,725,000 | 1,282,398,000 |
| Noninterest-bearing deposits | 39,887,000 | 51,155,000 | 108,509,000 | 121,157,000 |
| Equity capital | 197,983,000 | 208,405,000 | 204,224,000 | 170,111,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 28,021,000 | 54,887,000 | 80,780,000 | 104,909,000 |
| Interest expense | 16,007,000 | 30,272,000 | 42,074,000 | 52,470,000 |
| Net interest income | 12,014,000 | 24,615,000 | 38,706,000 | 52,439,000 |
| Noninterest income | 1,826,000 | 3,333,000 | 3,656,000 | 3,972,000 |
| Noninterest expense | 9,780,000 | 20,997,000 | 31,823,000 | 40,494,000 |
| Provision for loan losses | 10,400,000 | 21,900,000 | 33,700,000 | 59,000,000 |
| Pretax income | -6,340,000 | -14,949,000 | -23,161,000 | -43,083,000 |
| Income tax | -2,524,000 | -5,546,000 | -9,034,000 | 3,723,000 |
| Net income | -3,816,000 | -9,403,000 | -14,127,000 | -46,806,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 189,651,000 | 197,900,000 | 192,261,000 | 169,234,000 |
| Total capital | 215,170,000 | 222,165,000 | 215,420,000 | 191,129,000 |
| Risk-weighted assets | 2,034,638,000 | 1,932,895,000 | 1,842,418,000 | 1,725,628,000 |