Call reports 2019
MERCANTILE BANK — 2019
What MERCANTILE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 3,534,042,000 | 3,558,287,000 | 3,692,578,000 | 3,614,957,000 |
| Total loans | 2,799,639,000 | 2,881,493,000 | 2,933,014,000 | 2,856,667,000 |
| Allowance for loan losses | 23,135,000 | 24,053,000 | 24,413,000 | 23,889,000 |
| Securities available for sale | 337,877,000 | 347,924,000 | 345,532,000 | 334,656,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,617,454,000 | 2,627,194,000 | 2,772,349,000 | 2,696,430,000 |
| Interest-bearing deposits | 1,757,782,000 | 1,706,676,000 | 1,804,731,000 | 1,771,158,000 |
| Noninterest-bearing deposits | 859,672,000 | 920,518,000 | 967,618,000 | 925,272,000 |
| Equity capital | 405,995,000 | 421,353,000 | 431,414,000 | 439,946,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 38,638,000 | 78,457,000 | 118,773,000 | 158,338,000 |
| Interest expense | 7,156,000 | 15,030,000 | 22,947,000 | 30,591,000 |
| Net interest income | 31,482,000 | 63,427,000 | 95,826,000 | 127,747,000 |
| Noninterest income | 6,666,000 | 12,981,000 | 19,732,000 | 26,476,000 |
| Noninterest expense | 20,720,000 | 41,639,000 | 62,612,000 | 84,233,000 |
| Provision for loan losses | 850,000 | 1,750,000 | 2,450,000 | 1,750,000 |
| Pretax income | 16,597,000 | 33,052,000 | 50,529,000 | 68,273,000 |
| Income tax | 3,153,000 | 6,280,000 | 9,601,000 | 12,722,000 |
| Net income | 13,444,000 | 26,772,000 | 40,928,000 | 55,551,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 374,606,000 | 382,860,000 | 391,889,000 | 401,028,000 |
| Total capital | 397,741,000 | 406,913,000 | 416,303,000 | 424,917,000 |
| Risk-weighted assets | 3,206,903,000 | 3,292,069,000 | 3,329,094,000 | 3,276,098,000 |