Call reports 2014
PUTNAM 1ST MERCANTILE BANK — 2014
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 99,390,000 | 100,084,000 | 101,330,000 | 110,233,000 |
| Total loans | 72,721,000 | 73,901,000 | 78,527,000 | 81,470,000 |
| Allowance for loan losses | 1,184,000 | 1,175,000 | 1,196,000 | 1,284,000 |
| Securities available for sale | 19,152,000 | 19,557,000 | 17,211,000 | 17,246,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,821,000 | 87,864,000 | 87,935,000 | 97,060,000 |
| Interest-bearing deposits | 79,704,000 | 78,458,000 | 79,474,000 | 87,370,000 |
| Noninterest-bearing deposits | 8,117,000 | 9,405,000 | 8,461,000 | 9,690,000 |
| Equity capital | 11,165,000 | 11,764,000 | 12,045,000 | 12,796,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,085,000 | 2,191,000 | 3,336,000 | 4,529,000 |
| Interest expense | 240,000 | 473,000 | 697,000 | 930,000 |
| Net interest income | 845,000 | 1,718,000 | 2,639,000 | 3,599,000 |
| Noninterest income | 86,000 | 198,000 | 302,000 | 395,000 |
| Noninterest expense | 627,000 | 1,283,000 | 1,968,000 | 2,753,000 |
| Provision for loan losses | 70,000 | 150,000 | 230,000 | 315,000 |
| Pretax income | 234,000 | 483,000 | 748,000 | 931,000 |
| Income tax | 0 | 0 | 0 | -365,000 |
| Net income | 234,000 | 483,000 | 748,000 | 1,296,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,049,000 | 12,349,000 | 12,614,000 | 13,162,000 |
| Total capital | 12,988,000 | 13,300,000 | 13,619,000 | 14,209,000 |
| Risk-weighted assets | 74,909,000 | 75,864,000 | 80,242,000 | 83,542,000 |