Call reports 2002
MERCANTILE BANK — 2002
What MERCANTILE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 |
|---|---|---|
| Total assets | 523,502,000 | 524,978,000 |
| Total loans | 328,006,000 | 317,266,000 |
| Allowance for loan losses | 3,560,000 | 3,751,000 |
| Securities available for sale | 128,012,000 | 127,190,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 418,382,000 | 412,636,000 |
| Interest-bearing deposits | 328,554,000 | 324,375,000 |
| Noninterest-bearing deposits | 89,828,000 | 88,261,000 |
| Equity capital | 38,975,000 | 42,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 |
|---|---|---|
| Interest income | 8,009,000 | 15,853,000 |
| Interest expense | 2,459,000 | 4,689,000 |
| Net interest income | 5,550,000 | 11,164,000 |
| Noninterest income | 719,000 | 1,482,000 |
| Noninterest expense | 3,905,000 | 7,723,000 |
| Provision for loan losses | 188,000 | 375,000 |
| Pretax income | 2,503,000 | 4,876,000 |
| Income tax | 860,000 | 1,700,000 |
| Net income | 1,643,000 | 3,176,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 |
|---|---|---|
| Tier 1 capital | 38,245,000 | 39,814,000 |
| Total capital | 41,805,000 | 43,581,000 |
| Risk-weighted assets | 366,638,000 | 359,190,000 |