Call reports 2010
MERCANTILE BANK — 2010
What MERCANTILE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 747,861,000 | 721,957,000 | 704,585,000 | 679,697,000 |
| Total loans | 536,156,000 | 514,560,000 | 500,463,000 | 480,860,000 |
| Allowance for loan losses | 9,033,000 | 9,378,000 | 10,245,000 | 12,355,000 |
| Securities available for sale | 108,294,000 | 110,221,000 | 106,239,000 | 96,519,000 |
| Securities held to maturity | 2,056,000 | 1,749,000 | 1,481,000 | 1,208,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 634,000,000 | 623,384,000 | 621,271,000 | 603,015,000 |
| Interest-bearing deposits | 555,451,000 | 589,674,000 | 554,221,000 | 527,683,000 |
| Noninterest-bearing deposits | 78,549,000 | 33,710,000 | 67,050,000 | 75,332,000 |
| Equity capital | 62,616,000 | 65,222,000 | 55,398,000 | 46,263,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 8,557,000 | 17,008,000 | 25,260,000 | 33,282,000 |
| Interest expense | 3,001,000 | 5,912,000 | 8,907,000 | 11,697,000 |
| Net interest income | 5,556,000 | 11,096,000 | 16,353,000 | 21,585,000 |
| Noninterest income | 1,588,000 | 3,255,000 | 4,976,000 | 943,000 |
| Noninterest expense | 4,451,000 | 9,278,000 | 14,200,000 | 19,037,000 |
| Provision for loan losses | 900,000 | 3,400,000 | 11,510,000 | 15,363,000 |
| Pretax income | 1,793,000 | 1,673,000 | -4,381,000 | -11,872,000 |
| Income tax | 461,000 | 140,000 | 3,781,000 | 5,163,000 |
| Net income | 1,332,000 | 1,533,000 | -8,162,000 | -17,035,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,590,000 | 63,291,000 | 53,596,000 | 44,733,000 |
| Total capital | 67,853,000 | 70,306,000 | 60,528,000 | 51,247,000 |
| Risk-weighted assets | 579,811,000 | 559,478,000 | 543,518,000 | 510,821,000 |
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