Call reports 2023
PUTNAM 1ST MERCANTILE BANK — 2023
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 146,835,000 | 149,290,000 | 142,898,000 | 149,184,000 |
| Total loans | 110,891,000 | 110,301,000 | 113,782,000 | 115,852,000 |
| Allowance for loan losses | 1,567,000 | 1,640,000 | 1,676,000 | 1,729,000 |
| Securities available for sale | 26,833,000 | 26,562,000 | 25,021,000 | 25,334,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 133,699,000 | 135,804,000 | 128,530,000 | 134,620,000 |
| Interest-bearing deposits | 105,525,000 | 108,913,000 | 99,868,000 | 106,273,000 |
| Noninterest-bearing deposits | 28,174,000 | 26,892,000 | 28,663,000 | 28,347,000 |
| Equity capital | 11,798,000 | 11,992,000 | 10,972,000 | 12,521,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,785,000 | 3,652,000 | 5,603,000 | 7,695,000 |
| Interest expense | 438,000 | 1,077,000 | 1,821,000 | 2,674,000 |
| Net interest income | 1,347,000 | 2,575,000 | 3,782,000 | 5,021,000 |
| Noninterest income | 169,000 | 299,000 | 445,000 | 580,000 |
| Noninterest expense | 863,000 | 1,726,000 | 2,584,000 | 3,550,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 563,000 | 968,000 | 1,373,000 | 1,691,000 |
| Income tax | 35,000 | 63,000 | 90,000 | 110,000 |
| Net income | 528,000 | 905,000 | 1,283,000 | 1,581,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,740,000 | 17,917,000 | 18,095,000 | 18,193,000 |