Call reports 2007
MERCANTILE BANK — 2007
What MERCANTILE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 546,776,000 | 553,970,000 | 580,632,000 | 609,799,000 |
| Total loans | 407,419,000 | 403,643,000 | 409,909,000 | 426,069,000 |
| Allowance for loan losses | 3,748,000 | 3,863,000 | 3,901,000 | 3,855,000 |
| Securities available for sale | 80,503,000 | 82,321,000 | 81,850,000 | 84,911,000 |
| Securities held to maturity | 9,038,000 | 8,432,000 | 5,928,000 | 5,336,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 447,838,000 | 449,126,000 | 480,510,000 | 499,082,000 |
| Interest-bearing deposits | 404,528,000 | 403,511,000 | 435,926,000 | 449,917,000 |
| Noninterest-bearing deposits | 43,310,000 | 45,615,000 | 44,584,000 | 49,165,000 |
| Equity capital | 47,263,000 | 45,911,000 | 46,817,000 | 50,186,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 8,652,000 | 17,409,000 | 26,326,000 | 35,314,000 |
| Interest expense | 4,741,000 | 9,495,000 | 14,725,000 | 19,997,000 |
| Net interest income | 3,911,000 | 7,914,000 | 11,601,000 | 15,317,000 |
| Noninterest income | 1,383,000 | 2,914,000 | 4,402,000 | 5,912,000 |
| Noninterest expense | 3,276,000 | 6,583,000 | 9,874,000 | 12,751,000 |
| Provision for loan losses | 372,000 | 646,000 | 1,017,000 | 1,461,000 |
| Pretax income | 1,646,000 | 3,599,000 | 5,112,000 | 7,017,000 |
| Income tax | 392,000 | 862,000 | 1,183,000 | 1,459,000 |
| Net income | 1,254,000 | 2,737,000 | 3,929,000 | 5,558,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,575,000 | 45,899,000 | 46,179,000 | 49,162,000 |
| Total capital | 50,323,000 | 49,762,000 | 50,080,000 | 53,017,000 |
| Risk-weighted assets | 461,367,000 | 463,442,000 | 496,393,000 | 518,480,000 |