Call reports 2019
PUTNAM 1ST MERCANTILE BANK — 2019
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 122,949,000 | 123,185,000 | 127,233,000 | 127,167,000 |
| Total loans | 98,587,000 | 97,644,000 | 97,657,000 | 96,283,000 |
| Allowance for loan losses | 1,127,000 | 1,098,000 | 1,180,000 | 1,246,000 |
| Securities available for sale | 14,510,000 | 15,451,000 | 17,771,000 | 16,851,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 108,396,000 | 108,105,000 | 111,820,000 | 111,471,000 |
| Interest-bearing deposits | 93,792,000 | 93,533,000 | 95,518,000 | 94,339,000 |
| Noninterest-bearing deposits | 14,604,000 | 14,571,000 | 16,302,000 | 17,132,000 |
| Equity capital | 13,962,000 | 14,378,000 | 14,636,000 | 14,713,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,546,000 | 3,117,000 | 4,724,000 | 6,323,000 |
| Interest expense | 351,000 | 739,000 | 1,165,000 | 1,574,000 |
| Net interest income | 1,195,000 | 2,378,000 | 3,559,000 | 4,749,000 |
| Noninterest income | 103,000 | 228,000 | 354,000 | 496,000 |
| Noninterest expense | 728,000 | 1,479,000 | 2,226,000 | 2,921,000 |
| Provision for loan losses | 105,000 | 195,000 | 270,000 | 340,000 |
| Pretax income | 465,000 | 932,000 | 1,417,000 | 1,984,000 |
| Income tax | 30,000 | 61,000 | 92,000 | 129,000 |
| Net income | 435,000 | 871,000 | 1,325,000 | 1,855,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,278,000 | 14,489,000 | 14,718,000 | 14,823,000 |
| Total capital | 15,405,000 | 15,587,000 | 15,889,000 | 15,982,000 |
| Risk-weighted assets | 93,498,000 | 92,200,000 | 93,678,000 | 92,659,000 |