Call reports 2008
MERCANTILE BANK — 2008
What MERCANTILE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 605,931,000 | 728,069,000 | 769,991,000 | 771,583,000 |
| Total loans | 425,636,000 | 520,798,000 | 532,284,000 | 565,782,000 |
| Allowance for loan losses | 4,413,000 | 6,275,000 | 5,363,000 | 5,736,000 |
| Securities available for sale | 91,493,000 | 103,303,000 | 104,285,000 | 104,429,000 |
| Securities held to maturity | 4,945,000 | 4,545,000 | 4,166,000 | 3,836,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 514,707,000 | 628,588,000 | 678,776,000 | 665,819,000 |
| Interest-bearing deposits | 461,840,000 | 576,386,000 | 633,149,000 | 612,663,000 |
| Noninterest-bearing deposits | 52,867,000 | 52,202,000 | 45,627,000 | 53,156,000 |
| Equity capital | 51,960,000 | 60,468,000 | 61,792,000 | 62,985,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,696,000 | 19,894,000 | 30,063,000 | 39,905,000 |
| Interest expense | 5,212,000 | 11,026,000 | 16,218,000 | 21,387,000 |
| Net interest income | 3,484,000 | 8,868,000 | 13,845,000 | 18,518,000 |
| Noninterest income | 1,495,000 | 3,634,000 | 5,074,000 | 6,503,000 |
| Noninterest expense | 3,382,000 | 8,672,000 | 13,256,000 | 17,932,000 |
| Provision for loan losses | 824,000 | 1,640,000 | 2,006,000 | 3,599,000 |
| Pretax income | 773,000 | 2,190,000 | 3,657,000 | 3,490,000 |
| Income tax | 83,000 | 391,000 | 732,000 | 559,000 |
| Net income | 690,000 | 1,799,000 | 2,925,000 | 2,931,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,837,000 | 57,426,000 | 58,526,000 | 59,916,000 |
| Total capital | 54,250,000 | 63,701,000 | 63,889,000 | 65,654,000 |
| Risk-weighted assets | 521,187,000 | 608,194,000 | 610,755,000 | 646,910,000 |