Call reports 2004
MERCANTILE BANK — 2004
What MERCANTILE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 478,666,000 | 502,430,000 | 504,903,000 | 511,485,000 |
| Total loans | 334,520,000 | 359,394,000 | 364,384,000 | 370,344,000 |
| Allowance for loan losses | 3,037,000 | 3,085,000 | 3,197,000 | 3,214,000 |
| Securities available for sale | 81,720,000 | 76,356,000 | 71,943,000 | 74,373,000 |
| Securities held to maturity | 16,984,000 | 15,654,000 | 14,617,000 | 13,121,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 385,569,000 | 416,384,000 | 423,111,000 | 419,848,000 |
| Interest-bearing deposits | 343,262,000 | 372,651,000 | 381,408,000 | 374,913,000 |
| Noninterest-bearing deposits | 42,307,000 | 43,733,000 | 41,703,000 | 44,935,000 |
| Equity capital | 39,692,000 | 39,617,000 | 40,569,000 | 40,659,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,638,000 | 11,386,000 | 17,214,000 | 23,530,000 |
| Interest expense | 2,164,000 | 4,445,000 | 6,913,000 | 9,544,000 |
| Net interest income | 3,474,000 | 6,941,000 | 10,301,000 | 13,986,000 |
| Noninterest income | 1,313,000 | 2,566,000 | 3,892,000 | 5,239,000 |
| Noninterest expense | 3,016,000 | 5,938,000 | 9,286,000 | 11,942,000 |
| Provision for loan losses | 261,000 | 468,000 | 729,000 | 1,013,000 |
| Pretax income | 1,510,000 | 3,101,000 | 4,178,000 | 6,270,000 |
| Income tax | 386,000 | 814,000 | 1,062,000 | 1,692,000 |
| Net income | 1,124,000 | 2,287,000 | 3,116,000 | 4,578,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,390,000 | 38,196,000 | 38,935,000 | 39,230,000 |
| Total capital | 40,427,000 | 41,281,000 | 42,132,000 | 42,444,000 |
| Risk-weighted assets | 366,349,000 | 385,715,000 | 388,989,000 | 396,483,000 |