Call reports 2006
PUTNAM 1ST MERCANTILE BANK — 2006
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 19,522,000 | 29,992,000 | 36,421,000 | 43,468,000 |
| Total loans | 8,506,000 | 13,522,000 | 18,443,000 | 21,886,000 |
| Allowance for loan losses | 107,000 | 169,000 | 233,000 | 274,000 |
| Securities available for sale | 4,855,000 | 10,752,000 | 12,180,000 | 11,584,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,266,000 | 19,945,000 | 26,269,000 | 33,244,000 |
| Interest-bearing deposits | 8,421,000 | 18,367,000 | 24,119,000 | 31,367,000 |
| Noninterest-bearing deposits | 845,000 | 1,578,000 | 2,150,000 | 1,877,000 |
| Equity capital | 10,168,000 | 9,907,000 | 9,883,000 | 9,896,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 242,000 | 637,000 | 1,198,000 | 1,889,000 |
| Interest expense | 52,000 | 211,000 | 465,000 | 819,000 |
| Net interest income | 190,000 | 426,000 | 733,000 | 1,070,000 |
| Noninterest income | 4,000 | 18,000 | 47,000 | 104,000 |
| Noninterest expense | 349,000 | 732,000 | 1,118,000 | 1,507,000 |
| Provision for loan losses | 68,000 | 130,000 | 194,000 | 238,000 |
| Pretax income | -223,000 | -418,000 | -532,000 | -571,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -223,000 | -418,000 | -532,000 | -571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,192,000 | 9,997,000 | 9,886,000 | 9,849,000 |
| Total capital | 10,299,000 | 10,166,000 | 10,119,000 | 10,123,000 |
| Risk-weighted assets | 11,321,000 | 15,982,000 | 21,056,000 | 25,453,000 |