Call reports 2003
MERCANTILE BANK AND TRUST COMPANY — 2003
What MERCANTILE BANK AND TRUST COMPANY 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 | 91,029,000 | 102,468,000 | 95,014,000 | 93,807,000 |
| Total loans | 50,840,000 | 50,243,000 | 57,225,000 | 61,972,000 |
| Allowance for loan losses | 1,159,000 | 1,161,000 | 1,163,000 | 1,166,000 |
| Securities available for sale | 20,849,000 | 27,748,000 | 26,037,000 | 21,893,000 |
| Securities held to maturity | 1,773,000 | 1,485,000 | 1,134,000 | 519,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,855,000 | 89,381,000 | 81,971,000 | 80,953,000 |
| Interest-bearing deposits | 68,438,000 | 82,046,000 | 74,097,000 | 73,151,000 |
| Noninterest-bearing deposits | 8,417,000 | 7,335,000 | 7,874,000 | 7,802,000 |
| Equity capital | 6,935,000 | 6,873,000 | 6,732,000 | 6,642,000 |
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 | 1,302,000 | 2,660,000 | 3,934,000 | 5,202,000 |
| Interest expense | 474,000 | 971,000 | 1,439,000 | 1,884,000 |
| Net interest income | 828,000 | 1,689,000 | 2,495,000 | 3,318,000 |
| Noninterest income | 57,000 | 131,000 | 216,000 | 285,000 |
| Noninterest expense | 789,000 | 1,610,000 | 2,501,000 | 3,492,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 115,000 | 481,000 | 481,000 | 367,000 |
| Income tax | 3,000 | 7,000 | 8,000 | -117,000 |
| Net income | 112,000 | 474,000 | 473,000 | 484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,461,000 | 6,823,000 | 6,815,000 | 6,826,000 |
| Total capital | 7,084,000 | 7,490,000 | 7,519,000 | 7,550,000 |
| Risk-weighted assets | 49,266,000 | 52,861,000 | 55,875,000 | 57,497,000 |