Call reports 2014
MERCANTILE BANK — 2014
What MERCANTILE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,409,208,000 | 2,860,027,000 | 2,842,910,000 | 2,873,028,000 |
| Total loans | 1,066,795,000 | 2,073,484,000 | 2,068,265,000 | 2,089,277,000 |
| Allowance for loan losses | 20,954,000 | 20,856,000 | 20,374,000 | 20,041,000 |
| Securities available for sale | 141,098,000 | 475,264,000 | 454,001,000 | 432,903,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,110,679,000 | 2,319,847,000 | 2,275,265,000 | 2,278,356,000 |
| Interest-bearing deposits | 879,720,000 | 1,804,588,000 | 1,740,164,000 | 1,719,383,000 |
| Noninterest-bearing deposits | 230,959,000 | 515,259,000 | 535,101,000 | 558,973,000 |
| Equity capital | 183,922,000 | 346,921,000 | 354,086,000 | 361,355,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 13,590,000 | 32,071,000 | 60,971,000 | 89,116,000 |
| Interest expense | 2,208,000 | 4,666,000 | 6,843,000 | 9,148,000 |
| Net interest income | 11,382,000 | 27,405,000 | 54,128,000 | 79,968,000 |
| Noninterest income | 1,775,000 | 4,415,000 | 7,422,000 | 10,919,000 |
| Noninterest expense | 9,067,000 | 23,203,000 | 43,449,000 | 63,045,000 |
| Provision for loan losses | -1,900,000 | -2,600,000 | -3,000,000 | -3,000,000 |
| Pretax income | 5,990,000 | 11,217,000 | 21,101,000 | 30,842,000 |
| Income tax | 1,910,000 | 3,597,000 | 6,808,000 | 9,623,000 |
| Net income | 4,080,000 | 7,620,000 | 14,293,000 | 21,219,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 180,987,000 | 298,761,000 | 305,526,000 | 312,708,000 |
| Total capital | 196,417,000 | 319,617,000 | 325,900,000 | 332,749,000 |
| Risk-weighted assets | 1,228,865,000 | 2,335,719,000 | 2,334,548,000 | 2,316,883,000 |