Call reports 2017
MERCANTILE BANK — 2017
What MERCANTILE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 461,010,000 | 451,817,000 | 432,631,000 | 434,758,000 |
| Total loans | 304,428,000 | 304,409,000 | 295,802,000 | 283,142,000 |
| Allowance for loan losses | 3,363,000 | 3,438,000 | 3,372,000 | 3,175,000 |
| Securities available for sale | 83,071,000 | 83,297,000 | 87,397,000 | 91,695,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 362,786,000 | 354,663,000 | 346,681,000 | 351,068,000 |
| Interest-bearing deposits | 301,220,000 | 299,386,000 | 297,635,000 | 296,335,000 |
| Noninterest-bearing deposits | 61,566,000 | 55,277,000 | 49,046,000 | 54,733,000 |
| Equity capital | 41,064,000 | 42,216,000 | 43,018,000 | 42,208,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,650,000 | 7,583,000 | 11,573,000 | 15,399,000 |
| Interest expense | 550,000 | 1,138,000 | 1,730,000 | 2,305,000 |
| Net interest income | 3,100,000 | 6,445,000 | 9,843,000 | 13,094,000 |
| Noninterest income | 1,147,000 | 2,296,000 | 3,610,000 | 4,799,000 |
| Noninterest expense | 2,868,000 | 5,825,000 | 8,756,000 | 11,768,000 |
| Provision for loan losses | 123,000 | 341,000 | 475,000 | 684,000 |
| Pretax income | 1,256,000 | 2,575,000 | 4,222,000 | 5,441,000 |
| Income tax | 77,000 | 112,000 | 147,000 | 182,000 |
| Net income | 1,179,000 | 2,463,000 | 4,075,000 | 5,259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,955,000 | 37,499,000 | 38,422,000 | 38,518,000 |
| Total capital | 40,439,000 | 41,057,000 | 41,914,000 | 41,813,000 |
| Risk-weighted assets | 333,514,000 | 337,314,000 | 328,539,000 | 321,963,000 |