Call reports 2017
PUTNAM 1ST MERCANTILE BANK — 2017
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 124,183,000 | 121,250,000 | 119,792,000 | 120,514,000 |
| Total loans | 93,200,000 | 93,339,000 | 94,018,000 | 95,705,000 |
| Allowance for loan losses | 1,431,000 | 1,418,000 | 1,249,000 | 1,289,000 |
| Securities available for sale | 15,961,000 | 15,791,000 | 15,354,000 | 14,816,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,293,000 | 107,087,000 | 105,341,000 | 106,690,000 |
| Interest-bearing deposits | 98,142,000 | 95,259,000 | 92,670,000 | 94,269,000 |
| Noninterest-bearing deposits | 12,151,000 | 11,829,000 | 12,671,000 | 12,420,000 |
| Equity capital | 13,440,000 | 13,669,000 | 13,883,000 | 13,273,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,310,000 | 2,669,000 | 4,059,000 | 5,478,000 |
| Interest expense | 213,000 | 449,000 | 682,000 | 921,000 |
| Net interest income | 1,097,000 | 2,220,000 | 3,377,000 | 4,557,000 |
| Noninterest income | 108,000 | 227,000 | 327,000 | 439,000 |
| Noninterest expense | 726,000 | 1,462,000 | 2,223,000 | 2,962,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 130,000 |
| Pretax income | 449,000 | 925,000 | 1,391,000 | 1,904,000 |
| Income tax | 29,000 | 60,000 | 91,000 | 124,000 |
| Net income | 420,000 | 865,000 | 1,300,000 | 1,780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,876,000 | 13,872,000 | 14,115,000 | 13,720,000 |
| Total capital | 15,045,000 | 15,028,000 | 15,265,000 | 14,889,000 |
| Risk-weighted assets | 93,232,000 | 92,199,000 | 91,879,000 | 93,362,000 |