Call reports 2002
MERCANTILE NATIONAL BANK — 2002
What MERCANTILE NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 173,010,000 | 185,761,000 | 177,421,000 | 174,007,000 |
| Total loans | 113,309,000 | 109,516,000 | 117,197,000 | 121,459,000 |
| Allowance for loan losses | 2,511,000 | 2,601,000 | 2,615,000 | 2,664,000 |
| Securities available for sale | 15,381,000 | 15,239,000 | 17,021,000 | 14,705,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,133,000 | 154,765,000 | 154,190,000 | 149,367,000 |
| Interest-bearing deposits | 77,400,000 | 83,353,000 | 79,131,000 | 71,489,000 |
| Noninterest-bearing deposits | 70,733,000 | 71,412,000 | 75,059,000 | 77,878,000 |
| Equity capital | 13,003,000 | 19,130,000 | 19,396,000 | 21,089,000 |
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 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,314,000 | 4,542,000 | 6,775,000 | 8,937,000 |
| Interest expense | 390,000 | 765,000 | 1,086,000 | 1,345,000 |
| Net interest income | 1,924,000 | 3,777,000 | 5,689,000 | 7,592,000 |
| Noninterest income | 211,000 | 411,000 | 617,000 | 948,000 |
| Noninterest expense | 2,229,000 | 4,403,000 | 6,025,000 | 7,610,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | -94,000 | -215,000 | 281,000 | 880,000 |
| Income tax | -39,000 | -88,000 | 111,000 | 356,000 |
| Net income | -55,000 | -127,000 | 170,000 | 524,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,044,000 | 12,973,000 | 13,299,000 | 14,048,000 |
| Total capital | 14,559,000 | 14,524,000 | 14,896,000 | 15,647,000 |
| Risk-weighted assets | 120,217,000 | 123,022,000 | 126,749,000 | 126,824,000 |