Call reports 2007
MERCANTILE BANK AND TRUST COMPANY — 2007
What MERCANTILE BANK AND TRUST COMPANY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 132,647,000 | 136,288,000 | 130,763,000 | 135,143,000 |
| Total loans | 103,820,000 | 106,200,000 | 105,734,000 | 116,592,000 |
| Allowance for loan losses | 1,214,000 | 1,240,000 | 1,270,000 | 1,300,000 |
| Securities available for sale | 20,729,000 | 18,866,000 | 15,227,000 | 9,744,000 |
| Securities held to maturity | 94,000 | 90,000 | 87,000 | 84,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,735,000 | 121,601,000 | 113,286,000 | 114,767,000 |
| Interest-bearing deposits | 90,585,000 | 93,870,000 | 86,180,000 | 87,545,000 |
| Noninterest-bearing deposits | 25,150,000 | 27,731,000 | 27,106,000 | 27,222,000 |
| Equity capital | 8,790,000 | 8,885,000 | 9,105,000 | 9,240,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,042,000 | 4,204,000 | 6,417,000 | 8,545,000 |
| Interest expense | 1,057,000 | 2,202,000 | 3,316,000 | 4,408,000 |
| Net interest income | 985,000 | 2,002,000 | 3,101,000 | 4,137,000 |
| Noninterest income | 180,000 | 349,000 | 484,000 | 621,000 |
| Noninterest expense | 1,041,000 | 2,060,000 | 3,080,000 | 4,066,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 94,000 | 231,000 | 415,000 | 572,000 |
| Income tax | 25,000 | 83,000 | 148,000 | 206,000 |
| Net income | 69,000 | 148,000 | 267,000 | 366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,372,000 | 8,388,000 | 8,569,000 | 8,757,000 |
| Total capital | 9,586,000 | 9,628,000 | 9,821,000 | 10,057,000 |
| Risk-weighted assets | 97,180,000 | 99,954,000 | 100,146,000 | 108,985,000 |