Call reports 2013
MERCANTILE BANK — 2013
What MERCANTILE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 386,343,000 | 361,011,000 | 359,596,000 | 351,171,000 |
| Total loans | 243,997,000 | 244,901,000 | 245,950,000 | 225,520,000 |
| Allowance for loan losses | 6,824,000 | 6,304,000 | 6,135,000 | 16,000 |
| Securities available for sale | 58,928,000 | 60,480,000 | 59,851,000 | 62,455,000 |
| Securities held to maturity | 8,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 337,884,000 | 318,227,000 | 312,139,000 | 306,987,000 |
| Interest-bearing deposits | 294,638,000 | 277,260,000 | 272,941,000 | 263,065,000 |
| Noninterest-bearing deposits | 43,246,000 | 40,967,000 | 39,198,000 | 43,922,000 |
| Equity capital | 28,709,000 | 27,380,000 | 28,051,000 | 26,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,246,000 | 6,454,000 | 9,615,000 | 607,000 |
| Interest expense | 1,014,000 | 1,851,000 | 2,617,000 | 110,000 |
| Net interest income | 2,232,000 | 4,603,000 | 6,998,000 | 497,000 |
| Noninterest income | 1,136,000 | 2,117,000 | 3,764,000 | 242,000 |
| Noninterest expense | 3,382,000 | 7,143,000 | 10,329,000 | 475,000 |
| Provision for loan losses | 100,000 | 100,000 | 100,000 | 253,000 |
| Pretax income | 36,000 | -372,000 | 484,000 | 11,000 |
| Income tax | 0 | -11,000 | -11,000 | 0 |
| Net income | 36,000 | -361,000 | 495,000 | 11,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,437,000 | 27,042,000 | 27,890,000 | 23,601,000 |
| Total capital | 30,688,000 | 30,242,000 | 31,103,000 | 23,617,000 |
| Risk-weighted assets | 253,424,000 | 250,135,000 | 251,427,000 | 232,603,000 |