Call reports 2013
MERCANTILE BANK — 2013
What MERCANTILE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 1,377,649,000 | 1,337,921,000 | 1,415,897,000 | 1,423,946,000 |
| Total loans | 1,022,957,000 | 1,058,662,000 | 1,075,487,000 | 1,053,242,000 |
| Allowance for loan losses | 26,035,000 | 24,947,000 | 25,195,000 | 22,821,000 |
| Securities available for sale | 140,014,000 | 130,134,000 | 123,793,000 | 131,179,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,093,788,000 | 1,063,795,000 | 1,123,027,000 | 1,121,417,000 |
| Interest-bearing deposits | 904,311,000 | 866,491,000 | 906,997,000 | 896,837,000 |
| Noninterest-bearing deposits | 189,477,000 | 197,304,000 | 216,030,000 | 224,580,000 |
| Equity capital | 175,424,000 | 176,130,000 | 175,917,000 | 179,705,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 14,211,000 | 28,206,000 | 42,873,000 | 58,245,000 |
| Interest expense | 2,458,000 | 4,822,000 | 7,172,000 | 9,528,000 |
| Net interest income | 11,753,000 | 23,384,000 | 35,701,000 | 48,717,000 |
| Noninterest income | 2,345,000 | 4,478,000 | 6,288,000 | 8,334,000 |
| Noninterest expense | 8,728,000 | 17,527,000 | 26,422,000 | 35,170,000 |
| Provision for loan losses | -1,500,000 | -3,000,000 | -4,700,000 | -7,200,000 |
| Pretax income | 6,870,000 | 13,335,000 | 20,267,000 | 29,081,000 |
| Income tax | 2,032,000 | 4,030,000 | 6,340,000 | 9,134,000 |
| Net income | 4,838,000 | 9,305,000 | 13,927,000 | 19,947,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,392,000 | 168,220,000 | 170,680,000 | 175,160,000 |
| Total capital | 179,118,000 | 183,250,000 | 186,039,000 | 190,483,000 |
| Risk-weighted assets | 1,165,207,000 | 1,192,563,000 | 1,218,873,000 | 1,218,321,000 |