Call reports 2011
MERCANTILE BANK AND TRUST COMPANY — 2011
What MERCANTILE BANK AND TRUST COMPANY reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 169,308,000 | 178,833,000 | 185,704,000 | 191,910,000 |
| Total loans | 158,311,000 | 165,315,000 | 169,861,000 | 172,628,000 |
| Allowance for loan losses | 1,655,000 | 1,715,000 | 1,596,000 | 1,686,000 |
| Securities available for sale | 5,629,000 | 5,808,000 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,613,000 | 150,962,000 | 156,122,000 | 161,820,000 |
| Interest-bearing deposits | 105,072,000 | 118,768,000 | 122,245,000 | 124,760,000 |
| Noninterest-bearing deposits | 30,541,000 | 32,194,000 | 33,877,000 | 37,060,000 |
| Equity capital | 17,848,000 | 18,376,000 | 19,948,000 | 20,386,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,388,000 | 4,842,000 | 7,313,000 | 9,799,000 |
| Interest expense | 394,000 | 805,000 | 1,189,000 | 1,586,000 |
| Net interest income | 1,994,000 | 4,037,000 | 6,124,000 | 8,213,000 |
| Noninterest income | 121,000 | 250,000 | 374,000 | 494,000 |
| Noninterest expense | 1,255,000 | 2,523,000 | 3,783,000 | 5,108,000 |
| Provision for loan losses | 60,000 | 120,000 | 210,000 | 300,000 |
| Pretax income | 800,000 | 1,644,000 | 2,541,000 | 3,335,000 |
| Income tax | 320,000 | 658,000 | 1,016,000 | 1,345,000 |
| Net income | 480,000 | 986,000 | 1,525,000 | 1,990,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,066,000 | 18,478,000 | 19,948,000 | 20,386,000 |
| Total capital | 19,721,000 | 20,193,000 | 21,544,000 | 22,072,000 |
| Risk-weighted assets | 145,027,000 | 152,400,000 | 155,579,000 | 158,403,000 |