Call reports 2018
MERCANTILE BANK — 2018
What MERCANTILE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 440,276,000 | 439,559,000 | 436,760,000 | 463,223,000 |
| Total loans | 283,901,000 | 286,233,000 | 285,899,000 | 294,377,000 |
| Allowance for loan losses | 3,033,000 | 3,095,000 | 3,137,000 | 3,142,000 |
| Securities available for sale | 98,648,000 | 101,012,000 | 101,334,000 | 104,984,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 348,795,000 | 343,880,000 | 343,987,000 | 338,768,000 |
| Interest-bearing deposits | 295,174,000 | 288,256,000 | 285,627,000 | 278,531,000 |
| Noninterest-bearing deposits | 53,621,000 | 55,624,000 | 58,360,000 | 60,237,000 |
| Equity capital | 44,478,000 | 45,542,000 | 44,673,000 | 40,571,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,760,000 | 7,686,000 | 11,807,000 | 16,057,000 |
| Interest expense | 578,000 | 1,192,000 | 1,858,000 | 2,592,000 |
| Net interest income | 3,182,000 | 6,494,000 | 9,949,000 | 13,465,000 |
| Noninterest income | 1,140,000 | 2,287,000 | 3,544,000 | 4,711,000 |
| Noninterest expense | 2,999,000 | 5,955,000 | 8,843,000 | 11,891,000 |
| Provision for loan losses | 89,000 | 184,000 | 393,000 | 494,000 |
| Pretax income | 1,559,000 | 2,967,000 | 4,582,000 | 6,116,000 |
| Income tax | -1,459,000 | -1,135,000 | -1,327,000 | -966,000 |
| Net income | 3,018,000 | 4,102,000 | 5,909,000 | 7,082,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,198,000 | 42,398,000 | 42,059,000 | 37,138,000 |
| Total capital | 44,351,000 | 45,613,000 | 45,316,000 | 40,400,000 |
| Risk-weighted assets | 317,951,000 | 325,919,000 | 325,616,000 | 334,021,000 |