Call reports 2021
PUTNAM 1ST MERCANTILE BANK — 2021
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 145,100,000 | 148,274,000 | 157,233,000 | 157,241,000 |
| Total loans | 104,061,000 | 95,724,000 | 98,198,000 | 99,118,000 |
| Allowance for loan losses | 1,350,000 | 1,371,000 | 1,445,000 | 1,490,000 |
| Securities available for sale | 23,031,000 | 28,428,000 | 30,182,000 | 32,562,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 128,786,000 | 131,960,000 | 140,900,000 | 141,077,000 |
| Interest-bearing deposits | 99,957,000 | 103,617,000 | 109,759,000 | 111,283,000 |
| Noninterest-bearing deposits | 28,829,000 | 28,343,000 | 31,141,000 | 29,793,000 |
| Equity capital | 15,552,000 | 15,467,000 | 15,606,000 | 15,573,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,511,000 | 2,997,000 | 4,584,000 | 6,080,000 |
| Interest expense | 287,000 | 545,000 | 793,000 | 1,018,000 |
| Net interest income | 1,224,000 | 2,452,000 | 3,791,000 | 5,062,000 |
| Noninterest income | 156,000 | 301,000 | 456,000 | 609,000 |
| Noninterest expense | 796,000 | 1,572,000 | 2,379,000 | 3,201,000 |
| Provision for loan losses | 80,000 | 160,000 | 240,000 | 300,000 |
| Pretax income | 504,000 | 1,021,000 | 1,628,000 | 2,170,000 |
| Income tax | 33,000 | 66,000 | 106,000 | 141,000 |
| Net income | 471,000 | 955,000 | 1,522,000 | 2,029,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,890,000 | 15,675,000 | 15,891,000 | 16,048,000 |