Call reports 2009
MERCANTILE BANK AND TRUST COMPANY — 2009
What MERCANTILE BANK AND TRUST COMPANY reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 152,973,000 | 161,588,000 | 172,110,000 | 165,303,000 |
| Total loans | 128,629,000 | 132,889,000 | 139,767,000 | 142,481,000 |
| Allowance for loan losses | 1,408,000 | 1,434,000 | 1,467,000 | 1,494,000 |
| Securities available for sale | 9,865,000 | 7,555,000 | 6,681,000 | 5,906,000 |
| Securities held to maturity | 54,000 | 52,000 | 49,000 | 47,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,932,000 | 132,333,000 | 139,290,000 | 135,396,000 |
| Interest-bearing deposits | 99,365,000 | 102,398,000 | 101,418,000 | 101,444,000 |
| Noninterest-bearing deposits | 24,567,000 | 29,935,000 | 37,872,000 | 33,952,000 |
| Equity capital | 15,859,000 | 16,012,000 | 16,210,000 | 16,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,193,000 | 4,439,000 | 6,761,000 | 9,166,000 |
| Interest expense | 805,000 | 1,570,000 | 2,274,000 | 2,926,000 |
| Net interest income | 1,388,000 | 2,869,000 | 4,487,000 | 6,240,000 |
| Noninterest income | 111,000 | 232,000 | 353,000 | 473,000 |
| Noninterest expense | 1,158,000 | 2,268,000 | 3,431,000 | 4,619,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 185,000 |
| Pretax income | 311,000 | 773,000 | 1,319,000 | 1,909,000 |
| Income tax | 71,000 | 254,000 | 473,000 | 684,000 |
| Net income | 240,000 | 519,000 | 846,000 | 1,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,786,000 | 15,972,000 | 16,124,000 | 16,382,000 |
| Total capital | 17,194,000 | 17,406,000 | 17,591,000 | 17,876,000 |
| Risk-weighted assets | 121,880,000 | 126,191,000 | 133,675,000 | 135,552,000 |