Call reports 2005
MERCANTILE BANK — 2005
What MERCANTILE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 514,717,000 | 526,659,000 | 549,702,000 | 560,933,000 |
| Total loans | 374,531,000 | 382,770,000 | 386,980,000 | 401,322,000 |
| Allowance for loan losses | 3,278,000 | 3,395,000 | 3,508,000 | 3,506,000 |
| Securities available for sale | 71,269,000 | 82,155,000 | 78,473,000 | 74,285,000 |
| Securities held to maturity | 12,237,000 | 11,498,000 | 12,720,000 | 11,791,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 425,194,000 | 435,355,000 | 462,219,000 | 461,133,000 |
| Interest-bearing deposits | 381,464,000 | 391,505,000 | 409,039,000 | 412,307,000 |
| Noninterest-bearing deposits | 43,730,000 | 43,850,000 | 53,180,000 | 48,826,000 |
| Equity capital | 40,226,000 | 41,388,000 | 42,416,000 | 43,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 6,292,000 | 13,124,000 | 20,298,000 | 27,988,000 |
| Interest expense | 2,760,000 | 5,753,000 | 9,129,000 | 12,779,000 |
| Net interest income | 3,532,000 | 7,371,000 | 11,169,000 | 15,209,000 |
| Noninterest income | 1,289,000 | 2,624,000 | 3,997,000 | 5,485,000 |
| Noninterest expense | 2,961,000 | 5,761,000 | 8,555,000 | 11,523,000 |
| Provision for loan losses | 253,000 | 517,000 | 773,000 | 1,039,000 |
| Pretax income | 1,607,000 | 3,717,000 | 5,838,000 | 8,132,000 |
| Income tax | 439,000 | 1,048,000 | 1,632,000 | 2,283,000 |
| Net income | 1,168,000 | 2,669,000 | 4,206,000 | 5,849,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,278,000 | 40,307,000 | 41,543,000 | 42,611,000 |
| Total capital | 42,556,000 | 43,702,000 | 45,051,000 | 46,117,000 |
| Risk-weighted assets | 387,102,000 | 403,850,000 | 412,797,000 | 446,581,000 |