Call reports 2011
MERCANTILE BANK — 2011
What MERCANTILE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 1,575,927,000 | 1,536,847,000 | 1,476,951,000 | 1,428,079,000 |
| Total loans | 1,206,885,000 | 1,122,998,000 | 1,094,037,000 | 1,072,422,000 |
| Allowance for loan losses | 42,118,000 | 38,720,000 | 39,351,000 | 36,532,000 |
| Securities available for sale | 207,321,000 | 199,785,000 | 173,134,000 | 172,992,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,254,641,000 | 1,248,712,000 | 1,188,481,000 | 1,112,617,000 |
| Interest-bearing deposits | 1,118,616,000 | 1,103,951,000 | 1,044,459,000 | 965,586,000 |
| Noninterest-bearing deposits | 136,025,000 | 144,761,000 | 144,022,000 | 147,031,000 |
| Equity capital | 159,601,000 | 164,376,000 | 168,389,000 | 192,703,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 19,159,000 | 37,619,000 | 54,895,000 | 71,327,000 |
| Interest expense | 5,491,000 | 10,571,000 | 15,096,000 | 18,940,000 |
| Net interest income | 13,668,000 | 27,048,000 | 39,799,000 | 52,387,000 |
| Noninterest income | 1,178,000 | 2,348,000 | 3,558,000 | 4,982,000 |
| Noninterest expense | 10,762,000 | 20,426,000 | 29,776,000 | 38,473,000 |
| Provision for loan losses | 2,200,000 | 3,900,000 | 5,000,000 | 6,900,000 |
| Pretax income | 1,884,000 | 5,070,000 | 8,581,000 | 11,996,000 |
| Income tax | 0 | 0 | 0 | -25,089,000 |
| Net income | 1,884,000 | 5,070,000 | 8,581,000 | 37,085,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 159,098,000 | 162,288,000 | 163,263,000 | 171,024,000 |
| Total capital | 176,301,000 | 178,525,000 | 179,021,000 | 186,443,000 |
| Risk-weighted assets | 1,351,314,000 | 1,276,422,000 | 1,235,347,000 | 1,210,834,000 |