Call reports 2007
PUTNAM 1ST MERCANTILE BANK — 2007
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 49,300,000 | 53,180,000 | 58,979,000 | 61,697,000 |
| Total loans | 27,602,000 | 30,544,000 | 36,116,000 | 40,832,000 |
| Allowance for loan losses | 345,000 | 394,000 | 452,000 | 511,000 |
| Securities available for sale | 12,953,000 | 14,535,000 | 16,122,000 | 14,113,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,022,000 | 42,857,000 | 47,850,000 | 51,119,000 |
| Interest-bearing deposits | 36,240,000 | 40,101,000 | 44,439,000 | 47,143,000 |
| Noninterest-bearing deposits | 2,782,000 | 2,756,000 | 3,411,000 | 3,976,000 |
| Equity capital | 9,870,000 | 9,652,000 | 9,942,000 | 10,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 777,000 | 1,655,000 | 2,660,000 | 3,731,000 |
| Interest expense | 404,000 | 874,000 | 1,403,000 | 1,953,000 |
| Net interest income | 373,000 | 781,000 | 1,257,000 | 1,778,000 |
| Noninterest income | 62,000 | 146,000 | 212,000 | 233,000 |
| Noninterest expense | 391,000 | 793,000 | 1,236,000 | 1,741,000 |
| Provision for loan losses | 71,000 | 120,000 | 178,000 | 246,000 |
| Pretax income | -27,000 | 14,000 | 55,000 | 24,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -27,000 | 14,000 | 55,000 | 24,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,822,000 | 9,865,000 | 9,911,000 | 9,880,000 |
| Total capital | 10,167,000 | 10,259,000 | 10,363,000 | 10,391,000 |
| Risk-weighted assets | 31,102,000 | 35,594,000 | 41,683,000 | 45,853,000 |