Call reports 2011
MERCANTILE BANK — 2011
What MERCANTILE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 663,601,000 | 657,756,000 | 646,484,000 | 627,022,000 |
| Total loans | 448,776,000 | 441,251,000 | 430,244,000 | 393,719,000 |
| Allowance for loan losses | 12,627,000 | 9,470,000 | 12,392,000 | 11,273,000 |
| Securities available for sale | 102,919,000 | 102,226,000 | 97,114,000 | 82,723,000 |
| Securities held to maturity | 998,000 | 782,000 | 614,000 | 469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 593,049,000 | 582,242,000 | 574,125,000 | 564,106,000 |
| Interest-bearing deposits | 513,308,000 | 502,865,000 | 504,590,000 | 493,895,000 |
| Noninterest-bearing deposits | 79,741,000 | 79,377,000 | 69,535,000 | 70,211,000 |
| Equity capital | 46,978,000 | 48,121,000 | 41,354,000 | 35,692,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 7,093,000 | 13,982,000 | 20,707,000 | 27,001,000 |
| Interest expense | 2,503,000 | 4,830,000 | 7,040,000 | 9,102,000 |
| Net interest income | 4,590,000 | 9,152,000 | 13,667,000 | 17,899,000 |
| Noninterest income | 1,553,000 | 3,575,000 | 3,343,000 | 4,682,000 |
| Noninterest expense | 4,686,000 | 9,960,000 | 15,151,000 | 20,506,000 |
| Provision for loan losses | 687,000 | 1,225,000 | 6,953,000 | 12,585,000 |
| Pretax income | 770,000 | 1,542,000 | -5,092,000 | -10,508,000 |
| Income tax | 2,000 | 0 | 0 | 0 |
| Net income | 768,000 | 1,542,000 | -5,092,000 | -10,508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,502,000 | 46,241,000 | 39,609,000 | 34,196,000 |
| Total capital | 51,554,000 | 52,201,000 | 45,412,000 | 39,460,000 |
| Risk-weighted assets | 472,189,000 | 468,106,000 | 454,204,000 | 412,430,000 |