Call reports 2010
MERCANTILE BANK AND TRUST COMPANY — 2010
What MERCANTILE BANK AND TRUST COMPANY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 166,443,000 | 166,682,000 | 168,100,000 | 167,379,000 |
| Total loans | 146,330,000 | 149,154,000 | 152,035,000 | 157,212,000 |
| Allowance for loan losses | 1,554,000 | 1,614,000 | 1,674,000 | 1,595,000 |
| Securities available for sale | 0 | 0 | 6,036,000 | 5,688,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,312,000 | 138,137,000 | 138,955,000 | 139,869,000 |
| Interest-bearing deposits | 105,228,000 | 107,507,000 | 107,829,000 | 110,675,000 |
| Noninterest-bearing deposits | 32,084,000 | 30,630,000 | 31,126,000 | 29,194,000 |
| Equity capital | 16,646,000 | 16,964,000 | 17,357,000 | 17,501,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,318,000 | 4,697,000 | 7,121,000 | 9,548,000 |
| Interest expense | 572,000 | 1,127,000 | 1,640,000 | 2,104,000 |
| Net interest income | 1,746,000 | 3,570,000 | 5,481,000 | 7,444,000 |
| Noninterest income | 123,000 | 264,000 | 404,000 | 530,000 |
| Noninterest expense | 1,223,000 | 2,435,000 | 3,682,000 | 4,923,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 639,000 | 1,332,000 | 2,076,000 | 2,864,000 |
| Income tax | 255,000 | 536,000 | 837,000 | 1,159,000 |
| Net income | 384,000 | 796,000 | 1,239,000 | 1,705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,646,000 | 16,964,000 | 17,308,000 | 17,679,000 |
| Total capital | 18,200,000 | 18,578,000 | 18,982,000 | 19,274,000 |
| Risk-weighted assets | 138,690,000 | 138,554,000 | 139,777,000 | 143,585,000 |