Call reports 2001
MERCANTILE BANK — 2001
What MERCANTILE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 465,049,000 | 500,465,000 | 492,470,000 | 515,030,000 |
| Total loans | 325,255,000 | 329,793,000 | 335,086,000 | 333,567,000 |
| Allowance for loan losses | 3,253,000 | 3,384,000 | 3,352,000 | 3,410,000 |
| Securities available for sale | 80,428,000 | 100,877,000 | 97,669,000 | 120,904,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 384,559,000 | 402,991,000 | 393,465,000 | 427,222,000 |
| Interest-bearing deposits | 313,067,000 | 332,900,000 | 320,523,000 | 335,646,000 |
| Noninterest-bearing deposits | 71,492,000 | 70,091,000 | 72,942,000 | 91,576,000 |
| Equity capital | 34,924,000 | 36,076,000 | 38,060,000 | 38,014,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 8,263,000 | 16,921,000 | 25,560,000 | 33,770,000 |
| Interest expense | 3,972,000 | 7,843,000 | 11,300,000 | 14,049,000 |
| Net interest income | 4,291,000 | 9,078,000 | 14,260,000 | 19,721,000 |
| Noninterest income | 726,000 | 1,466,000 | 2,231,000 | 3,308,000 |
| Noninterest expense | 3,757,000 | 7,299,000 | 10,970,000 | 14,885,000 |
| Provision for loan losses | 158,000 | 353,000 | 574,000 | 761,000 |
| Pretax income | 1,308,000 | 3,129,000 | 5,230,000 | 7,814,000 |
| Income tax | 424,000 | 1,049,000 | 1,783,000 | 2,715,000 |
| Net income | 884,000 | 2,080,000 | 3,447,000 | 5,099,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,184,000 | 34,401,000 | 35,788,000 | 36,638,000 |
| Total capital | 36,437,000 | 37,785,000 | 39,140,000 | 40,048,000 |
| Risk-weighted assets | 344,505,000 | 352,638,000 | 358,071,000 | 362,373,000 |