Call reports 2014
MERCANTILE BANK — 2014
What MERCANTILE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 347,006,000 | 340,486,000 | 334,133,000 | 339,364,000 |
| Total loans | 222,249,000 | 231,412,000 | 234,150,000 | 248,692,000 |
| Allowance for loan losses | 122,000 | 632,000 | 784,000 | 1,157,000 |
| Securities available for sale | 62,996,000 | 60,808,000 | 48,735,000 | 46,398,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 300,525,000 | 282,976,000 | 250,861,000 | 249,459,000 |
| Interest-bearing deposits | 257,060,000 | 233,955,000 | 203,047,000 | 203,395,000 |
| Noninterest-bearing deposits | 43,465,000 | 49,021,000 | 47,814,000 | 46,064,000 |
| Equity capital | 27,123,000 | 28,427,000 | 31,623,000 | 32,387,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,144,000 | 7,152,000 | 10,478,000 | 13,497,000 |
| Interest expense | 280,000 | 510,000 | 631,000 | 749,000 |
| Net interest income | 2,864,000 | 6,642,000 | 9,847,000 | 12,748,000 |
| Noninterest income | 1,006,000 | 1,968,000 | 2,930,000 | 4,179,000 |
| Noninterest expense | 3,149,000 | 6,376,000 | 9,444,000 | 12,287,000 |
| Provision for loan losses | 230,000 | 849,000 | 1,301,000 | 1,927,000 |
| Pretax income | 491,000 | 1,385,000 | 2,180,000 | 2,861,000 |
| Income tax | -9,000 | -9,000 | -9,000 | -8,000 |
| Net income | 500,000 | 1,394,000 | 2,189,000 | 2,869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,232,000 | 25,266,000 | 28,676,000 | 29,493,000 |
| Total capital | 24,354,000 | 25,898,000 | 29,460,000 | 30,680,000 |
| Risk-weighted assets | 227,962,000 | 237,372,000 | 237,122,000 | 252,812,000 |