Call reports 2009
MERCANTILE BANK — 2009
What MERCANTILE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 801,491,000 | 752,552,000 | 750,013,000 | 792,902,000 |
| Total loans | 565,931,000 | 559,581,000 | 557,431,000 | 550,199,000 |
| Allowance for loan losses | 5,733,000 | 8,614,000 | 9,026,000 | 8,318,000 |
| Securities available for sale | 109,390,000 | 100,857,000 | 106,832,000 | 114,366,000 |
| Securities held to maturity | 3,450,000 | 3,052,000 | 2,621,000 | 2,334,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 663,047,000 | 607,075,000 | 625,238,000 | 676,133,000 |
| Interest-bearing deposits | 601,419,000 | 545,591,000 | 548,917,000 | 591,738,000 |
| Noninterest-bearing deposits | 61,628,000 | 61,484,000 | 76,321,000 | 84,395,000 |
| Equity capital | 62,855,000 | 60,773,000 | 60,424,000 | 61,321,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 9,043,000 | 18,340,000 | 27,445,000 | 36,370,000 |
| Interest expense | 4,377,000 | 8,190,000 | 11,658,000 | 15,085,000 |
| Net interest income | 4,666,000 | 10,150,000 | 15,787,000 | 21,285,000 |
| Noninterest income | 1,604,000 | 3,501,000 | 4,874,000 | 6,158,000 |
| Noninterest expense | 4,462,000 | 11,483,000 | 15,867,000 | 20,253,000 |
| Provision for loan losses | 800,000 | 3,940,000 | 4,558,000 | 5,721,000 |
| Pretax income | 1,008,000 | -1,772,000 | 236,000 | 1,469,000 |
| Income tax | 172,000 | -385,000 | 309,000 | 439,000 |
| Net income | 836,000 | -1,387,000 | -73,000 | 1,030,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,248,000 | 58,851,000 | 58,154,000 | 59,257,000 |
| Total capital | 64,981,000 | 66,502,000 | 65,791,000 | 66,723,000 |
| Risk-weighted assets | 625,172,000 | 611,097,000 | 609,570,000 | 596,504,000 |