Call reports 2015
MERCANTILE BANK — 2015
What MERCANTILE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 2,857,932,000 | 2,856,519,000 | 2,861,867,000 | 2,883,076,000 |
| Total loans | 2,120,760,000 | 2,171,832,000 | 2,217,388,000 | 2,277,728,000 |
| Allowance for loan losses | 21,050,000 | 16,561,000 | 16,119,000 | 15,681,000 |
| Securities available for sale | 413,683,000 | 373,437,000 | 367,164,000 | 346,992,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,283,747,000 | 2,280,590,000 | 2,257,560,000 | 2,280,321,000 |
| Interest-bearing deposits | 1,714,163,000 | 1,667,752,000 | 1,637,933,000 | 1,605,540,000 |
| Noninterest-bearing deposits | 569,584,000 | 612,838,000 | 619,627,000 | 674,781,000 |
| Equity capital | 364,629,000 | 365,115,000 | 363,639,000 | 368,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 27,590,000 | 55,250,000 | 83,751,000 | 112,329,000 |
| Interest expense | 2,091,000 | 4,057,000 | 6,269,000 | 8,518,000 |
| Net interest income | 25,499,000 | 51,193,000 | 77,482,000 | 103,811,000 |
| Noninterest income | 3,795,000 | 7,873,000 | 12,166,000 | 16,150,000 |
| Noninterest expense | 18,734,000 | 38,551,000 | 57,774,000 | 77,352,000 |
| Provision for loan losses | -400,000 | -1,000,000 | -1,500,000 | -1,000,000 |
| Pretax income | 10,960,000 | 21,515,000 | 33,379,000 | 43,625,000 |
| Income tax | 3,452,000 | 6,778,000 | 10,514,000 | 13,863,000 |
| Net income | 7,508,000 | 14,737,000 | 22,865,000 | 29,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 326,625,000 | 329,158,000 | 327,169,000 | 331,752,000 |
| Total capital | 347,675,000 | 345,719,000 | 343,288,000 | 347,433,000 |
| Risk-weighted assets | 2,474,828,000 | 2,510,275,000 | 2,515,362,000 | 2,572,682,000 |