Call reports 2003
MERCANTILE NATIONAL BANK — 2003
What MERCANTILE NATIONAL 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 | 183,064,000 | 191,464,000 | 204,656,000 | 189,532,000 |
| Total loans | 119,293,000 | 117,246,000 | 121,577,000 | 128,219,000 |
| Allowance for loan losses | 2,470,000 | 1,921,000 | 1,942,000 | 2,004,000 |
| Securities available for sale | 9,058,000 | 11,899,000 | 20,344,000 | 21,294,000 |
| Securities held to maturity | 0 | 0 | 2,480,000 | 2,384,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,710,000 | 167,082,000 | 180,252,000 | 164,787,000 |
| Interest-bearing deposits | 72,076,000 | 74,934,000 | 82,966,000 | 78,359,000 |
| Noninterest-bearing deposits | 86,634,000 | 92,148,000 | 97,286,000 | 86,428,000 |
| Equity capital | 21,104,000 | 20,968,000 | 21,127,000 | 21,380,000 |
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 | 1,973,000 | 3,964,000 | 6,035,000 | 8,113,000 |
| Interest expense | 199,000 | 400,000 | 587,000 | 773,000 |
| Net interest income | 1,774,000 | 3,564,000 | 5,448,000 | 7,340,000 |
| Noninterest income | 197,000 | 408,000 | 644,000 | 868,000 |
| Noninterest expense | 1,871,000 | 3,707,000 | 5,530,000 | 7,244,000 |
| Provision for loan losses | 45,000 | 475,000 | 475,000 | 475,000 |
| Pretax income | 87,000 | -178,000 | 119,000 | 472,000 |
| Income tax | 36,000 | -73,000 | 49,000 | 207,000 |
| Net income | 51,000 | -105,000 | 70,000 | 265,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,100,000 | 13,828,000 | 14,078,000 | 15,680,000 |
| Total capital | 15,725,000 | 15,458,000 | 15,845,000 | 17,484,000 |
| Risk-weighted assets | 129,183,000 | 130,112,000 | 141,191,000 | 144,103,000 |