Call reports 2018
MERCANTILE BANK — 2018
What MERCANTILE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 3,274,298,000 | 3,268,739,000 | 3,280,382,000 | 3,344,251,000 |
| Total loans | 2,551,205,000 | 2,636,856,000 | 2,697,417,000 | 2,753,086,000 |
| Allowance for loan losses | 19,974,000 | 21,167,000 | 21,692,000 | 22,380,000 |
| Securities available for sale | 335,524,000 | 331,142,000 | 326,531,000 | 337,366,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,549,717,000 | 2,540,482,000 | 2,519,231,000 | 2,473,361,000 |
| Interest-bearing deposits | 1,719,049,000 | 1,655,531,000 | 1,639,307,000 | 1,582,039,000 |
| Noninterest-bearing deposits | 830,668,000 | 884,951,000 | 879,924,000 | 891,322,000 |
| Equity capital | 386,503,000 | 392,902,000 | 397,979,000 | 394,562,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 34,982,000 | 69,301,000 | 104,786,000 | 141,981,000 |
| Interest expense | 4,103,000 | 8,429,000 | 13,286,000 | 18,871,000 |
| Net interest income | 30,879,000 | 60,872,000 | 91,500,000 | 123,110,000 |
| Noninterest income | 4,310,000 | 8,855,000 | 13,581,000 | 18,866,000 |
| Noninterest expense | 20,062,000 | 40,565,000 | 61,215,000 | 81,790,000 |
| Provision for loan losses | 0 | 700,000 | 1,100,000 | 1,100,000 |
| Pretax income | 15,103,000 | 28,451,000 | 42,743,000 | 59,078,000 |
| Income tax | 2,870,000 | 5,406,000 | 8,121,000 | 11,409,000 |
| Net income | 12,233,000 | 23,045,000 | 34,622,000 | 47,669,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 359,450,000 | 366,667,000 | 374,689,000 | 366,211,000 |
| Total capital | 379,424,000 | 387,834,000 | 396,381,000 | 388,591,000 |
| Risk-weighted assets | 2,941,208,000 | 3,010,359,000 | 3,106,981,000 | 3,173,924,000 |