Call reports 2019
MERCANTILE BANK — 2019
What MERCANTILE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 |
|---|---|
| Total assets | 467,489,000 |
| Total loans | 283,642,000 |
| Allowance for loan losses | 3,070,000 |
| Securities available for sale | 111,620,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 343,172,000 |
| Interest-bearing deposits | 270,246,000 |
| Noninterest-bearing deposits | 72,926,000 |
| Equity capital | 42,015,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 |
|---|---|
| Interest income | 4,289,000 |
| Interest expense | 857,000 |
| Net interest income | 3,432,000 |
| Noninterest income | 1,008,000 |
| Noninterest expense | 2,944,000 |
| Provision for loan losses | 0 |
| Pretax income | 1,496,000 |
| Income tax | 397,000 |
| Net income | 1,099,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 |
|---|---|
| Tier 1 capital | 37,997,000 |
| Total capital | 41,187,000 |
| Risk-weighted assets | 322,901,000 |