Call reports 2001
MERCANTILE BANK — 2001
What MERCANTILE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 405,202,000 | 398,601,000 | 408,395,000 | 411,765,000 |
| Total loans | 268,678,000 | 275,849,000 | 270,167,000 | 263,911,000 |
| Allowance for loan losses | 2,150,000 | 2,340,000 | 2,259,000 | 2,083,000 |
| Securities available for sale | 89,876,000 | 87,802,000 | 105,620,000 | 101,049,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 312,817,000 | 315,316,000 | 315,258,000 | 335,773,000 |
| Interest-bearing deposits | 282,398,000 | 283,045,000 | 277,401,000 | 294,108,000 |
| Noninterest-bearing deposits | 30,419,000 | 32,271,000 | 37,857,000 | 41,665,000 |
| Equity capital | 32,403,000 | 33,084,000 | 34,764,000 | 34,922,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 7,212,000 | 14,290,000 | 21,125,000 | 27,656,000 |
| Interest expense | 4,157,000 | 8,008,000 | 11,558,000 | 14,596,000 |
| Net interest income | 3,055,000 | 6,282,000 | 9,567,000 | 13,060,000 |
| Noninterest income | 981,000 | 2,155,000 | 3,430,000 | 4,799,000 |
| Noninterest expense | 2,464,000 | 5,087,000 | 7,715,000 | 10,421,000 |
| Provision for loan losses | 360,000 | 851,000 | 1,237,000 | 1,293,000 |
| Pretax income | 1,252,000 | 2,539,000 | 4,237,000 | 6,337,000 |
| Income tax | 315,000 | 667,000 | 1,141,000 | 1,631,000 |
| Net income | 937,000 | 1,872,000 | 3,096,000 | 4,706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,250,000 | 32,065,000 | 33,169,000 | 34,079,000 |
| Total capital | 33,400,000 | 34,405,000 | 35,428,000 | 36,162,000 |
| Risk-weighted assets | 280,233,000 | 288,052,000 | 284,424,000 | 291,600,000 |