Call reports 2016
PUTNAM 1ST MERCANTILE BANK — 2016
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 118,783,000 | 120,093,000 | 117,551,000 | 113,871,000 |
| Total loans | 91,238,000 | 88,827,000 | 88,137,000 | 88,789,000 |
| Allowance for loan losses | 1,406,000 | 1,442,000 | 1,391,000 | 1,417,000 |
| Securities available for sale | 16,203,000 | 16,248,000 | 16,293,000 | 16,134,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,418,000 | 105,061,000 | 102,452,000 | 100,235,000 |
| Interest-bearing deposits | 91,934,000 | 92,940,000 | 90,243,000 | 88,866,000 |
| Noninterest-bearing deposits | 12,483,000 | 12,120,000 | 12,210,000 | 11,369,000 |
| Equity capital | 14,021,000 | 14,591,000 | 14,477,000 | 13,205,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,326,000 | 2,646,000 | 3,958,000 | 5,233,000 |
| Interest expense | 209,000 | 429,000 | 649,000 | 866,000 |
| Net interest income | 1,117,000 | 2,217,000 | 3,309,000 | 4,367,000 |
| Noninterest income | 74,000 | 203,000 | 343,000 | 465,000 |
| Noninterest expense | 725,000 | 1,440,000 | 2,150,000 | 2,832,000 |
| Provision for loan losses | 30,000 | 75,000 | 105,000 | 135,000 |
| Pretax income | 449,000 | 918,000 | 1,410,000 | 1,878,000 |
| Income tax | 29,000 | 61,000 | 675,000 | 705,000 |
| Net income | 420,000 | 857,000 | 735,000 | 1,173,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,103,000 | 14,540,000 | 14,418,000 | 13,856,000 |
| Total capital | 15,237,000 | 15,664,000 | 15,515,000 | 14,954,000 |
| Risk-weighted assets | 90,457,000 | 89,570,000 | 87,483,000 | 87,560,000 |