Call reports 2002
MERCANTILE BANK AND TRUST COMPANY — 2002
What MERCANTILE BANK AND TRUST COMPANY 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 | 78,103,000 | 81,120,000 | 85,737,000 | 86,909,000 |
| Total loans | 50,345,000 | 51,642,000 | 51,971,000 | 51,988,000 |
| Allowance for loan losses | 1,263,000 | 1,153,000 | 1,170,000 | 1,158,000 |
| Securities available for sale | 19,168,000 | 19,749,000 | 19,738,000 | 20,776,000 |
| Securities held to maturity | 3,551,000 | 3,388,000 | 3,098,000 | 2,073,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,304,000 | 67,604,000 | 71,696,000 | 72,485,000 |
| Interest-bearing deposits | 55,990,000 | 57,742,000 | 62,077,000 | 64,127,000 |
| Noninterest-bearing deposits | 10,314,000 | 9,862,000 | 9,619,000 | 8,358,000 |
| Equity capital | 5,453,000 | 6,125,000 | 6,603,000 | 6,977,000 |
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 | 1,401,000 | 2,828,000 | 4,238,000 | 5,609,000 |
| Interest expense | 567,000 | 1,120,000 | 1,652,000 | 2,167,000 |
| Net interest income | 834,000 | 1,708,000 | 2,586,000 | 3,442,000 |
| Noninterest income | 49,000 | 117,000 | 182,000 | 242,000 |
| Noninterest expense | 761,000 | 1,578,000 | 2,355,000 | 3,118,000 |
| Provision for loan losses | 0 | -138,000 | -138,000 | -138,000 |
| Pretax income | 122,000 | 385,000 | 551,000 | 704,000 |
| Income tax | 0 | 1,000 | -97,000 | -296,000 |
| Net income | 122,000 | 384,000 | 648,000 | 1,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,486,000 | 5,733,000 | 5,848,000 | 6,349,000 |
| Total capital | 6,060,000 | 6,315,000 | 6,453,000 | 6,968,000 |
| Risk-weighted assets | 45,191,000 | 45,960,000 | 47,849,000 | 48,998,000 |