Call reports 2025
MERCANTILE BANK — 2025
What MERCANTILE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 6,073,612,000 | 6,107,885,000 | 6,234,507,000 | 6,241,994,000 |
| Total loans | 4,651,740,000 | 4,725,589,000 | 4,632,592,000 | 4,635,332,000 |
| Allowance for loan losses | 56,666,000 | 58,375,000 | 59,129,000 | 55,793,000 |
| Securities available for sale | 787,583,000 | 826,414,000 | 855,137,000 | 903,864,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,699,650,000 | 4,730,212,000 | 4,836,679,000 | 4,895,988,000 |
| Interest-bearing deposits | 3,522,650,000 | 3,544,494,000 | 3,645,011,000 | 3,680,352,000 |
| Noninterest-bearing deposits | 1,177,000,000 | 1,185,718,000 | 1,191,668,000 | 1,215,636,000 |
| Equity capital | 696,691,000 | 716,418,000 | 735,948,000 | 725,795,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 80,338,000 | 162,298,000 | 247,939,000 | 330,195,000 |
| Interest expense | 29,999,000 | 60,724,000 | 92,638,000 | 122,207,000 |
| Net interest income | 50,339,000 | 101,574,000 | 155,301,000 | 207,988,000 |
| Noninterest income | 8,652,000 | 19,863,000 | 30,202,000 | 41,079,000 |
| Noninterest expense | 30,201,000 | 61,296,000 | 93,501,000 | 126,309,000 |
| Provision for loan losses | 2,100,000 | 3,700,000 | 3,900,000 | 3,200,000 |
| Pretax income | 27,386,000 | 56,557,000 | 87,977,000 | 118,310,000 |
| Income tax | 5,135,000 | 9,081,000 | 13,924,000 | 19,603,000 |
| Net income | 22,251,000 | 47,476,000 | 74,053,000 | 98,707,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 705,187,000 | 720,013,000 | 732,289,000 | 717,619,000 |
| Total capital | 762,135,000 | 779,255,000 | 792,541,000 | 775,664,000 |
| Risk-weighted assets | 5,448,763,000 | 5,614,756,000 | 5,560,382,000 | 5,619,370,000 |