Call reports 2022
PUTNAM 1ST MERCANTILE BANK — 2022
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 150,504,000 | 151,215,000 | 142,893,000 | 149,703,000 |
| Total loans | 103,342,000 | 108,234,000 | 110,260,000 | 114,013,000 |
| Allowance for loan losses | 1,550,000 | 1,610,000 | 1,422,000 | 1,480,000 |
| Securities available for sale | 30,167,000 | 28,844,000 | 26,501,000 | 26,801,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,832,000 | 138,532,000 | 130,796,000 | 137,606,000 |
| Interest-bearing deposits | 105,436,000 | 105,417,000 | 97,717,000 | 106,304,000 |
| Noninterest-bearing deposits | 31,397,000 | 33,116,000 | 33,079,000 | 31,302,000 |
| Equity capital | 13,218,000 | 11,989,000 | 10,468,000 | 11,325,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,464,000 | 3,016,000 | 4,678,000 | 6,391,000 |
| Interest expense | 162,000 | 275,000 | 389,000 | 710,000 |
| Net interest income | 1,302,000 | 2,741,000 | 4,289,000 | 5,681,000 |
| Noninterest income | 142,000 | 378,000 | 513,000 | 651,000 |
| Noninterest expense | 828,000 | 1,665,000 | 2,514,000 | 3,363,000 |
| Provision for loan losses | 60,000 | 120,000 | 220,000 | 280,000 |
| Pretax income | 556,000 | 1,334,000 | 2,068,000 | 2,689,000 |
| Income tax | 36,000 | 87,000 | 134,000 | 175,000 |
| Net income | 520,000 | 1,247,000 | 1,934,000 | 2,514,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,369,000 | 16,896,000 | 17,232,000 | 17,462,000 |