Call reports 2016
MERCANTILE BANK — 2016
What MERCANTILE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 2,905,922,000 | 2,979,702,000 | 3,043,801,000 | 3,062,597,000 |
| Total loans | 2,295,668,000 | 2,379,940,000 | 2,406,376,000 | 2,378,620,000 |
| Allowance for loan losses | 16,262,000 | 17,110,000 | 17,526,000 | 17,961,000 |
| Securities available for sale | 343,805,000 | 323,452,000 | 325,443,000 | 328,060,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,269,620,000 | 2,281,571,000 | 2,332,231,000 | 2,379,242,000 |
| Interest-bearing deposits | 1,590,565,000 | 1,547,517,000 | 1,600,087,000 | 1,568,161,000 |
| Noninterest-bearing deposits | 679,055,000 | 734,054,000 | 732,144,000 | 811,081,000 |
| Equity capital | 363,791,000 | 372,281,000 | 375,994,000 | 365,292,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 28,889,000 | 59,037,000 | 88,741,000 | 118,457,000 |
| Interest expense | 2,261,000 | 4,703,000 | 7,361,000 | 10,031,000 |
| Net interest income | 26,628,000 | 54,334,000 | 81,380,000 | 108,426,000 |
| Noninterest income | 3,962,000 | 8,213,000 | 13,483,000 | 18,025,000 |
| Noninterest expense | 19,320,000 | 38,046,000 | 57,022,000 | 74,559,000 |
| Provision for loan losses | 601,000 | 1,700,000 | 2,300,000 | 2,900,000 |
| Pretax income | 10,669,000 | 22,801,000 | 35,541,000 | 48,992,000 |
| Income tax | 3,372,000 | 7,206,000 | 11,234,000 | 15,810,000 |
| Net income | 7,297,000 | 15,595,000 | 24,307,000 | 33,182,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 324,406,000 | 333,114,000 | 338,180,000 | 335,224,000 |
| Total capital | 340,668,000 | 350,224,000 | 355,706,000 | 353,185,000 |
| Risk-weighted assets | 2,594,930,000 | 2,684,465,000 | 2,716,754,000 | 2,697,492,000 |