Call reports 2017
MERCANTILE BANK — 2017
What MERCANTILE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 2,999,039,000 | 3,123,334,000 | 3,234,701,000 | 3,266,805,000 |
| Total loans | 2,441,314,000 | 2,527,281,000 | 2,554,272,000 | 2,558,552,000 |
| Allowance for loan losses | 18,276,000 | 18,295,000 | 19,193,000 | 19,501,000 |
| Securities available for sale | 332,441,000 | 322,259,000 | 330,091,000 | 335,744,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,283,954,000 | 2,378,763,000 | 2,497,928,000 | 2,532,069,000 |
| Interest-bearing deposits | 1,525,768,000 | 1,577,563,000 | 1,671,409,000 | 1,665,208,000 |
| Noninterest-bearing deposits | 758,186,000 | 801,200,000 | 826,519,000 | 866,861,000 |
| Equity capital | 370,527,000 | 378,911,000 | 383,389,000 | 383,941,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 28,703,000 | 59,605,000 | 92,641,000 | 125,543,000 |
| Interest expense | 2,576,000 | 5,651,000 | 9,388,000 | 13,229,000 |
| Net interest income | 26,127,000 | 53,954,000 | 83,253,000 | 112,314,000 |
| Noninterest income | 5,825,000 | 9,764,000 | 14,414,000 | 19,001,000 |
| Noninterest expense | 18,891,000 | 37,848,000 | 57,234,000 | 76,259,000 |
| Provision for loan losses | 600,000 | 1,350,000 | 2,350,000 | 2,950,000 |
| Pretax income | 12,461,000 | 24,536,000 | 38,119,000 | 52,143,000 |
| Income tax | 3,832,000 | 7,545,000 | 11,722,000 | 18,869,000 |
| Net income | 8,629,000 | 16,991,000 | 26,397,000 | 33,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 338,527,000 | 343,346,000 | 349,166,000 | 351,844,000 |
| Total capital | 356,803,000 | 361,641,000 | 368,359,000 | 371,345,000 |
| Risk-weighted assets | 2,757,720,000 | 2,862,631,000 | 2,952,706,000 | 2,951,967,000 |