Call reports 2003
MERCANTILE BANK — 2003
What MERCANTILE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 449,112,000 | 480,084,000 | 478,261,000 | 473,029,000 |
| Total loans | 325,394,000 | 341,628,000 | 340,673,000 | 330,022,000 |
| Allowance for loan losses | 2,783,000 | 2,925,000 | 2,930,000 | 2,904,000 |
| Securities available for sale | 77,361,000 | 68,268,000 | 72,239,000 | 83,730,000 |
| Securities held to maturity | 0 | 21,048,000 | 19,309,000 | 18,059,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 347,916,000 | 377,531,000 | 394,805,000 | 389,728,000 |
| Interest-bearing deposits | 309,029,000 | 334,625,000 | 357,653,000 | 346,765,000 |
| Noninterest-bearing deposits | 38,887,000 | 42,906,000 | 37,152,000 | 42,963,000 |
| Equity capital | 36,932,000 | 37,930,000 | 38,636,000 | 38,655,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,904,000 | 11,631,000 | 17,489,000 | 23,315,000 |
| Interest expense | 2,464,000 | 4,805,000 | 7,139,000 | 9,441,000 |
| Net interest income | 3,440,000 | 6,826,000 | 10,350,000 | 13,874,000 |
| Noninterest income | 1,471,000 | 3,153,000 | 4,587,000 | 5,712,000 |
| Noninterest expense | 2,862,000 | 5,786,000 | 8,562,000 | 11,379,000 |
| Provision for loan losses | 321,000 | 636,000 | 951,000 | 1,260,000 |
| Pretax income | 1,728,000 | 3,557,000 | 5,424,000 | 6,947,000 |
| Income tax | 470,000 | 986,000 | 1,492,000 | 1,899,000 |
| Net income | 1,258,000 | 2,571,000 | 3,932,000 | 5,048,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,164,000 | 35,262,000 | 36,508,000 | 36,589,000 |
| Total capital | 36,947,000 | 38,187,000 | 39,438,000 | 39,493,000 |
| Risk-weighted assets | 350,340,000 | 367,893,000 | 366,181,000 | 361,769,000 |