Call reports 2021
MERCANTILE BANK — 2021
What MERCANTILE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 4,691,487,000 | 4,737,391,000 | 4,945,444,000 | 5,238,290,000 |
| Total loans | 3,414,376,000 | 3,276,562,000 | 3,360,956,000 | 3,469,576,000 |
| Allowance for loan losses | 38,695,000 | 35,913,000 | 37,424,000 | 35,363,000 |
| Securities available for sale | 434,257,000 | 506,126,000 | 559,564,000 | 592,742,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 787,000 | 2,573,000 | 4,871,000 | 4,609,000 |
| Total deposits | 3,655,452,000 | 3,676,294,000 | 3,873,349,000 | 4,097,762,000 |
| Interest-bearing deposits | 2,048,755,000 | 2,053,552,000 | 2,225,003,000 | 2,418,426,000 |
| Noninterest-bearing deposits | 1,606,697,000 | 1,622,742,000 | 1,648,346,000 | 1,679,336,000 |
| Equity capital | 460,627,000 | 476,777,000 | 478,168,000 | 545,692,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 34,785,000 | 70,559,000 | 106,447,000 | 143,493,000 |
| Interest expense | 4,785,000 | 9,225,000 | 13,531,000 | 17,476,000 |
| Net interest income | 30,000,000 | 61,334,000 | 92,916,000 | 126,017,000 |
| Noninterest income | 13,001,000 | 27,612,000 | 43,088,000 | 55,728,000 |
| Noninterest expense | 23,488,000 | 48,604,000 | 73,761,000 | 104,575,000 |
| Provision for loan losses | 300,000 | -2,800,000 | -900,000 | -4,300,000 |
| Pretax income | 19,184,000 | 43,118,000 | 63,111,000 | 81,423,000 |
| Income tax | 3,645,000 | 8,192,000 | 11,991,000 | 16,347,000 |
| Net income | 15,539,000 | 34,926,000 | 51,120,000 | 65,076,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 428,593,000 | 441,771,000 | 445,202,000 | 516,175,000 |
| Total capital | 467,288,000 | 477,684,000 | 482,625,000 | 551,538,000 |
| Risk-weighted assets | 3,523,820,000 | 3,674,500,000 | 3,884,208,000 | 4,048,769,000 |