Call reports 2010
MERCANTILE BANK — 2010
What MERCANTILE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,901,470,000 | 1,802,679,000 | 1,812,082,000 | 1,631,408,000 |
| Total loans | 1,497,624,000 | 1,410,711,000 | 1,329,157,000 | 1,262,631,000 |
| Allowance for loan losses | 50,126,000 | 47,738,000 | 43,876,000 | 45,368,000 |
| Securities available for sale | 212,949,000 | 217,117,000 | 214,342,000 | 220,830,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,421,701,000 | 1,341,279,000 | 1,352,834,000 | 1,275,065,000 |
| Interest-bearing deposits | 1,303,310,000 | 1,214,707,000 | 1,241,496,000 | 1,162,121,000 |
| Noninterest-bearing deposits | 118,391,000 | 126,572,000 | 111,338,000 | 112,944,000 |
| Equity capital | 168,620,000 | 169,759,000 | 166,158,000 | 158,043,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 23,189,000 | 45,886,000 | 67,620,000 | 88,143,000 |
| Interest expense | 8,675,000 | 16,736,000 | 24,299,000 | 30,910,000 |
| Net interest income | 14,514,000 | 29,150,000 | 43,321,000 | 57,233,000 |
| Noninterest income | 1,368,000 | 2,655,000 | 3,391,000 | 4,385,000 |
| Noninterest expense | 10,312,000 | 20,533,000 | 30,534,000 | 41,305,000 |
| Provision for loan losses | 8,400,000 | 14,600,000 | 25,000,000 | 31,800,000 |
| Pretax income | -2,354,000 | -2,852,000 | -8,346,000 | -11,011,000 |
| Income tax | -430,000 | -1,292,000 | -2,010,000 | -47,000 |
| Net income | -1,924,000 | -1,560,000 | -6,336,000 | -10,964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 166,793,000 | 166,622,000 | 161,846,000 | 157,218,000 |
| Total capital | 188,125,000 | 186,632,000 | 180,964,000 | 175,114,000 |
| Risk-weighted assets | 1,677,688,000 | 1,573,062,000 | 1,504,700,000 | 1,404,196,000 |
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