Call reports 2002
MERCANTILE BANK — 2002
What MERCANTILE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 419,194,000 | 432,745,000 | 435,448,000 | 454,702,000 |
| Total loans | 277,227,000 | 288,694,000 | 295,822,000 | 327,217,000 |
| Allowance for loan losses | 2,260,000 | 2,218,000 | 2,396,000 | 2,550,000 |
| Securities available for sale | 99,313,000 | 101,537,000 | 93,298,000 | 85,917,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 336,879,000 | 355,310,000 | 352,894,000 | 352,223,000 |
| Interest-bearing deposits | 304,679,000 | 321,295,000 | 311,280,000 | 309,841,000 |
| Noninterest-bearing deposits | 32,200,000 | 34,015,000 | 41,614,000 | 42,382,000 |
| Equity capital | 35,605,000 | 34,615,000 | 35,461,000 | 34,795,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 5,989,000 | 12,000,000 | 18,196,000 | 24,312,000 |
| Interest expense | 2,728,000 | 5,474,000 | 8,315,000 | 10,969,000 |
| Net interest income | 3,261,000 | 6,526,000 | 9,881,000 | 13,343,000 |
| Noninterest income | 1,306,000 | 2,793,000 | 4,446,000 | 5,505,000 |
| Noninterest expense | 2,672,000 | 5,414,000 | 8,310,000 | 11,171,000 |
| Provision for loan losses | 304,000 | 808,000 | 1,751,000 | 3,129,000 |
| Pretax income | 1,591,000 | 3,098,000 | 4,418,000 | 4,698,000 |
| Income tax | 431,000 | 1,120,000 | 1,446,000 | 1,410,000 |
| Net income | 1,160,000 | 1,978,000 | 2,979,000 | 3,288,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,719,000 | 32,915,000 | 33,377,000 | 31,981,000 |
| Total capital | 36,979,000 | 35,133,000 | 35,773,000 | 34,531,000 |
| Risk-weighted assets | 303,840,000 | 322,655,000 | 329,717,000 | 353,508,000 |