Call reports 2023
MERCANTILE BANK — 2023
What MERCANTILE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 4,876,281,000 | 5,117,941,000 | 5,231,405,000 | 5,313,149,000 |
| Total loans | 3,969,348,000 | 4,063,784,000 | 4,114,547,000 | 4,322,366,000 |
| Allowance for loan losses | 42,877,000 | 44,721,000 | 48,008,000 | 49,914,000 |
| Securities available for sale | 619,974,000 | 608,971,000 | 592,304,000 | 617,092,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 22,871,000 | 26,880,000 | 35,060,000 | 0 |
| Total deposits | 3,615,145,000 | 3,775,809,000 | 3,919,077,000 | 3,920,039,000 |
| Interest-bearing deposits | 2,236,978,000 | 2,402,791,000 | 2,608,020,000 | 2,670,863,000 |
| Noninterest-bearing deposits | 1,378,167,000 | 1,373,018,000 | 1,311,057,000 | 1,249,176,000 |
| Equity capital | 569,724,000 | 580,921,000 | 585,895,000 | 624,910,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 60,486,000 | 126,401,000 | 197,557,000 | 271,358,000 |
| Interest expense | 10,237,000 | 26,706,000 | 46,954,000 | 70,200,000 |
| Net interest income | 50,249,000 | 99,695,000 | 150,603,000 | 201,158,000 |
| Noninterest income | 6,521,000 | 14,149,000 | 23,422,000 | 31,511,000 |
| Noninterest expense | 26,845,000 | 53,304,000 | 80,797,000 | 109,195,000 |
| Provision for loan losses | 600,000 | 2,600,000 | 5,900,000 | 7,700,000 |
| Pretax income | 29,348,000 | 57,940,000 | 87,282,000 | 115,795,000 |
| Income tax | 5,796,000 | 11,443,000 | 17,238,000 | 23,339,000 |
| Net income | 23,552,000 | 46,497,000 | 70,044,000 | 92,456,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 593,516,000 | 610,096,000 | 627,220,000 | 643,227,000 |
| Total capital | 636,393,000 | 654,817,000 | 675,228,000 | 694,431,000 |
| Risk-weighted assets | 4,621,339,000 | 4,782,085,000 | 4,928,867,000 | 5,175,503,000 |