Call reports 2012
MERCANTILE BANK — 2012
What MERCANTILE BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 510,375,000 | 493,884,000 | 435,449,000 | 420,527,000 |
| Total loans | 319,748,000 | 294,704,000 | 280,439,000 | 252,399,000 |
| Allowance for loan losses | 10,039,000 | 8,180,000 | 7,477,000 | 6,768,000 |
| Securities available for sale | 79,759,000 | 70,847,000 | 67,944,000 | 67,548,000 |
| Securities held to maturity | 330,000 | 219,000 | 122,000 | 54,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 450,344,000 | 436,136,000 | 388,885,000 | 372,958,000 |
| Interest-bearing deposits | 392,403,000 | 378,723,000 | 339,924,000 | 326,532,000 |
| Noninterest-bearing deposits | 57,941,000 | 57,413,000 | 48,961,000 | 46,426,000 |
| Equity capital | 36,365,000 | 34,151,000 | 30,682,000 | 28,701,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 4,725,000 | 9,068,000 | 13,218,000 | 16,846,000 |
| Interest expense | 1,603,000 | 3,042,000 | 4,367,000 | 5,562,000 |
| Net interest income | 3,122,000 | 6,026,000 | 8,851,000 | 11,284,000 |
| Noninterest income | 2,374,000 | 2,883,000 | 3,473,000 | 3,317,000 |
| Noninterest expense | 4,144,000 | 8,625,000 | 14,061,000 | 17,835,000 |
| Provision for loan losses | 600,000 | 1,911,000 | 3,510,000 | 3,690,000 |
| Pretax income | 752,000 | -1,627,000 | -5,247,000 | -6,924,000 |
| Income tax | 0 | -138,000 | -138,000 | -107,000 |
| Net income | 752,000 | -1,489,000 | -5,109,000 | -6,817,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,953,000 | 32,716,000 | 29,100,000 | 27,396,000 |
| Total capital | 39,391,000 | 36,746,000 | 32,871,000 | 30,766,000 |
| Risk-weighted assets | 346,773,000 | 317,325,000 | 294,842,000 | 264,311,000 |