Call reports 2020
MERCANTILE BANK — 2020
What MERCANTILE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 3,639,477,000 | 4,296,344,000 | 4,402,594,000 | 4,418,422,000 |
| Total loans | 2,901,544,000 | 3,333,056,000 | 3,350,543,000 | 3,216,357,000 |
| Allowance for loan losses | 24,827,000 | 32,245,000 | 35,572,000 | 37,967,000 |
| Securities available for sale | 312,146,000 | 307,661,000 | 312,424,000 | 387,346,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 1,003,000 |
| Total deposits | 2,652,671,000 | 3,271,692,000 | 3,383,328,000 | 3,424,299,000 |
| Interest-bearing deposits | 1,696,307,000 | 1,825,999,000 | 1,933,376,000 | 1,990,132,000 |
| Noninterest-bearing deposits | 956,364,000 | 1,445,693,000 | 1,449,952,000 | 1,434,167,000 |
| Equity capital | 440,163,000 | 445,129,000 | 450,191,000 | 458,830,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 37,934,000 | 75,099,000 | 110,693,000 | 148,313,000 |
| Interest expense | 6,900,000 | 12,874,000 | 18,457,000 | 23,751,000 |
| Net interest income | 31,034,000 | 62,225,000 | 92,236,000 | 124,562,000 |
| Noninterest income | 6,526,000 | 17,614,000 | 30,910,000 | 43,917,000 |
| Noninterest expense | 21,872,000 | 44,006,000 | 69,182,000 | 92,986,000 |
| Provision for loan losses | 750,000 | 8,350,000 | 11,550,000 | 14,050,000 |
| Pretax income | 14,963,000 | 27,521,000 | 42,452,000 | 61,477,000 |
| Income tax | 2,843,000 | 5,229,000 | 8,066,000 | 11,883,000 |
| Net income | 12,120,000 | 22,292,000 | 34,386,000 | 49,594,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 400,543,000 | 404,587,000 | 410,500,000 | 419,236,000 |
| Total capital | 425,371,000 | 436,833,000 | 446,072,000 | 457,203,000 |
| Risk-weighted assets | 3,309,177,000 | 3,237,710,000 | 3,297,325,000 | 3,388,128,000 |