Call reports 2016
MERCANTILE BANK — 2016
What MERCANTILE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 429,381,000 | 467,174,000 | 444,895,000 | 452,173,000 |
| Total loans | 329,347,000 | 346,110,000 | 310,852,000 | 302,563,000 |
| Allowance for loan losses | 2,861,000 | 3,223,000 | 3,246,000 | 3,363,000 |
| Securities available for sale | 54,574,000 | 53,762,000 | 60,876,000 | 79,704,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,099,000 | 354,415,000 | 338,651,000 | 350,856,000 |
| Interest-bearing deposits | 270,513,000 | 300,436,000 | 288,354,000 | 292,433,000 |
| Noninterest-bearing deposits | 54,586,000 | 53,979,000 | 50,297,000 | 58,423,000 |
| Equity capital | 45,637,000 | 46,037,000 | 46,817,000 | 43,473,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,944,000 | 7,813,000 | 11,806,000 | 15,513,000 |
| Interest expense | 449,000 | 922,000 | 1,427,000 | 1,985,000 |
| Net interest income | 3,495,000 | 6,891,000 | 10,379,000 | 13,528,000 |
| Noninterest income | 1,277,000 | 2,500,000 | 3,558,000 | 4,832,000 |
| Noninterest expense | 2,909,000 | 5,801,000 | 8,821,000 | 11,718,000 |
| Provision for loan losses | 233,000 | 790,000 | 985,000 | 1,335,000 |
| Pretax income | 1,630,000 | 2,981,000 | 4,448,000 | 5,624,000 |
| Income tax | 34,000 | 66,000 | 96,000 | 132,000 |
| Net income | 1,596,000 | 2,915,000 | 4,352,000 | 5,492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,605,000 | 40,953,000 | 42,062,000 | 40,154,000 |
| Total capital | 43,586,000 | 44,296,000 | 45,428,000 | 43,637,000 |
| Risk-weighted assets | 349,341,000 | 369,125,000 | 330,057,000 | 334,461,000 |