Call reports 2003
MERCANTILE PENINSULA BANK — 2003
What MERCANTILE PENINSULA BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 334,573,000 | 354,091,000 | 364,993,000 | 369,506,000 |
| Total loans | 248,031,000 | 265,834,000 | 272,553,000 | 285,072,000 |
| Allowance for loan losses | 3,968,000 | 4,031,000 | 4,090,000 | 4,276,000 |
| Securities available for sale | 68,957,000 | 63,746,000 | 54,099,000 | 50,519,000 |
| Securities held to maturity | 250,000 | 250,000 | 195,000 | 195,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 277,222,000 | 290,050,000 | 309,633,000 | 295,216,000 |
| Interest-bearing deposits | 185,959,000 | 186,326,000 | 202,391,000 | 200,231,000 |
| Noninterest-bearing deposits | 91,263,000 | 103,724,000 | 107,242,000 | 94,985,000 |
| Equity capital | 51,451,000 | 52,354,000 | 32,303,000 | 32,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 4,615,000 | 9,265,000 | 13,921,000 | 18,642,000 |
| Interest expense | 634,000 | 1,188,000 | 1,733,000 | 2,290,000 |
| Net interest income | 3,981,000 | 8,077,000 | 12,188,000 | 16,352,000 |
| Noninterest income | 549,000 | 1,217,000 | 2,113,000 | 2,782,000 |
| Noninterest expense | 1,783,000 | 3,612,000 | 5,690,000 | 7,652,000 |
| Provision for loan losses | 120,000 | 180,000 | 238,000 | 561,000 |
| Pretax income | 2,762,000 | 9,952,000 | 12,823,000 | 15,371,000 |
| Income tax | 1,022,000 | 3,708,000 | 4,764,000 | 5,681,000 |
| Net income | 1,740,000 | 6,244,000 | 8,059,000 | 9,690,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,117,000 | 51,427,000 | 31,632,000 | 32,111,000 |
| Total capital | 52,844,000 | 54,722,000 | 50,850,000 | 51,689,000 |
| Risk-weighted assets | 244,616,000 | 262,886,000 | 271,470,000 | 280,986,000 |