Call reports 2008
MERCANTILE BANK AND TRUST COMPANY — 2008
What MERCANTILE BANK AND TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 139,746,000 | 139,369,000 | 143,676,000 | 152,235,000 |
| Total loans | 115,988,000 | 117,740,000 | 123,898,000 | 122,154,000 |
| Allowance for loan losses | 1,289,000 | 1,318,000 | 1,348,000 | 1,378,000 |
| Securities available for sale | 6,969,000 | 6,517,000 | 6,064,000 | 8,308,000 |
| Securities held to maturity | 82,000 | 78,000 | 58,000 | 56,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,150,000 | 119,677,000 | 118,459,000 | 126,951,000 |
| Interest-bearing deposits | 99,116,000 | 96,350,000 | 94,814,000 | 96,142,000 |
| Noninterest-bearing deposits | 22,034,000 | 23,327,000 | 23,645,000 | 30,809,000 |
| Equity capital | 9,440,000 | 9,470,000 | 11,962,000 | 12,118,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,244,000 | 4,396,000 | 6,604,000 | 8,818,000 |
| Interest expense | 1,080,000 | 2,052,000 | 2,993,000 | 3,941,000 |
| Net interest income | 1,164,000 | 2,344,000 | 3,611,000 | 4,877,000 |
| Noninterest income | 127,000 | 266,000 | 407,000 | 535,000 |
| Noninterest expense | 1,052,000 | 2,117,000 | 3,211,000 | 4,305,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 209,000 | 433,000 | 717,000 | 987,000 |
| Income tax | 72,000 | 157,000 | 267,000 | 371,000 |
| Net income | 137,000 | 276,000 | 450,000 | 616,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,028,000 | 9,330,000 | 11,895,000 | 12,085,000 |
| Total capital | 10,317,000 | 10,648,000 | 13,243,000 | 13,463,000 |
| Risk-weighted assets | 110,954,000 | 112,223,000 | 118,104,000 | 116,809,000 |