Call reports 2015
MERCANTILE BANK — 2015
What MERCANTILE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 342,064,000 | 347,996,000 | 419,263,000 | 428,781,000 |
| Total loans | 255,161,000 | 261,499,000 | 316,162,000 | 330,332,000 |
| Allowance for loan losses | 1,376,000 | 1,603,000 | 2,053,000 | 2,759,000 |
| Securities available for sale | 45,507,000 | 49,227,000 | 49,766,000 | 51,197,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 253,569,000 | 248,192,000 | 319,935,000 | 328,594,000 |
| Interest-bearing deposits | 205,810,000 | 202,370,000 | 270,080,000 | 273,342,000 |
| Noninterest-bearing deposits | 47,759,000 | 45,822,000 | 49,855,000 | 55,252,000 |
| Equity capital | 34,899,000 | 36,280,000 | 45,634,000 | 46,686,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,280,000 | 6,600,000 | 11,986,000 | 16,046,000 |
| Interest expense | 110,000 | 206,000 | 655,000 | 1,102,000 |
| Net interest income | 3,170,000 | 6,394,000 | 11,331,000 | 14,944,000 |
| Noninterest income | 2,325,000 | 3,292,000 | 4,699,000 | 6,386,000 |
| Noninterest expense | 2,773,000 | 5,233,000 | 8,895,000 | 12,088,000 |
| Provision for loan losses | 281,000 | 551,000 | 943,000 | 1,845,000 |
| Pretax income | 2,441,000 | 3,902,000 | 6,192,000 | 7,397,000 |
| Income tax | 23,000 | 23,000 | -988,000 | -988,000 |
| Net income | 2,418,000 | 3,879,000 | 7,180,000 | 8,385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,577,000 | 35,086,000 | 40,811,000 | 42,163,000 |
| Total capital | 35,028,000 | 36,809,000 | 42,984,000 | 45,042,000 |
| Risk-weighted assets | 266,562,000 | 280,124,000 | 331,950,000 | 352,472,000 |