Call reports 2008
PUTNAM 1ST MERCANTILE BANK — 2008
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 67,925,000 | 71,175,000 | 75,073,000 | 76,858,000 |
| Total loans | 46,012,000 | 48,684,000 | 52,552,000 | 55,311,000 |
| Allowance for loan losses | 576,000 | 624,000 | 657,000 | 842,000 |
| Securities available for sale | 15,525,000 | 17,124,000 | 18,344,000 | 17,128,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,381,000 | 61,321,000 | 62,845,000 | 64,068,000 |
| Interest-bearing deposits | 53,888,000 | 57,395,000 | 58,871,000 | 60,136,000 |
| Noninterest-bearing deposits | 3,493,000 | 3,926,000 | 3,974,000 | 3,932,000 |
| Equity capital | 9,980,000 | 9,387,000 | 9,602,000 | 11,365,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,118,000 | 2,209,000 | 3,332,000 | 4,407,000 |
| Interest expense | 592,000 | 1,181,000 | 1,776,000 | 2,346,000 |
| Net interest income | 526,000 | 1,028,000 | 1,556,000 | 2,061,000 |
| Noninterest income | 64,000 | 136,000 | 221,000 | 270,000 |
| Noninterest expense | 580,000 | 1,200,000 | 1,821,000 | 2,427,000 |
| Provision for loan losses | 66,000 | 116,000 | 302,000 | 1,118,000 |
| Pretax income | -36,000 | -97,000 | -291,000 | -1,111,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -36,000 | -97,000 | -291,000 | -1,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,848,000 | 9,794,000 | 9,688,000 | 11,142,000 |
| Total capital | 10,424,000 | 10,418,000 | 10,345,000 | 11,866,000 |
| Risk-weighted assets | 50,674,000 | 53,694,000 | 56,589,000 | 57,795,000 |
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