Call reports 2006
MERCANTILE BANK — 2006
What MERCANTILE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 562,557,000 | 581,491,000 | 606,480,000 | 583,763,000 |
| Total loans | 413,716,000 | 432,646,000 | 414,086,000 | 411,355,000 |
| Allowance for loan losses | 3,504,000 | 3,509,000 | 3,842,000 | 3,531,000 |
| Securities available for sale | 68,820,000 | 72,183,000 | 110,036,000 | 78,700,000 |
| Securities held to maturity | 11,117,000 | 10,571,000 | 10,087,000 | 9,515,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 471,428,000 | 467,665,000 | 509,718,000 | 473,783,000 |
| Interest-bearing deposits | 426,405,000 | 425,356,000 | 439,868,000 | 426,617,000 |
| Noninterest-bearing deposits | 45,023,000 | 42,309,000 | 69,850,000 | 47,166,000 |
| Equity capital | 43,673,000 | 46,586,000 | 48,394,000 | 49,039,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 7,882,000 | 16,492,000 | 25,924,000 | 35,314,000 |
| Interest expense | 4,002,000 | 8,498,000 | 13,515,000 | 18,590,000 |
| Net interest income | 3,880,000 | 7,994,000 | 12,409,000 | 16,724,000 |
| Noninterest income | 1,319,000 | 2,602,000 | 4,178,000 | 5,730,000 |
| Noninterest expense | 2,984,000 | 6,037,000 | 9,363,000 | 12,404,000 |
| Provision for loan losses | 290,000 | 672,000 | 1,229,000 | 2,618,000 |
| Pretax income | 1,925,000 | 3,887,000 | 5,995,000 | 7,432,000 |
| Income tax | 518,000 | 1,040,000 | 1,601,000 | 1,859,000 |
| Net income | 1,407,000 | 2,847,000 | 4,394,000 | 5,573,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,183,000 | 46,527,000 | 47,903,000 | 48,450,000 |
| Total capital | 46,687,000 | 50,036,000 | 51,745,000 | 51,981,000 |
| Risk-weighted assets | 462,185,000 | 481,516,000 | 470,728,000 | 465,950,000 |