Call reports 2024
PUTNAM 1ST MERCANTILE BANK — 2024
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 150,602,000 | 152,684,000 | 153,957,000 | 160,242,000 |
| Total loans | 119,408,000 | 120,867,000 | 120,581,000 | 121,007,000 |
| Allowance for loan losses | 1,818,000 | 1,899,000 | 1,986,000 | 1,859,000 |
| Securities available for sale | 24,928,000 | 24,989,000 | 25,924,000 | 24,375,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,720,000 | 138,050,000 | 137,836,000 | 145,166,000 |
| Interest-bearing deposits | 109,554,000 | 111,029,000 | 111,156,000 | 118,417,000 |
| Noninterest-bearing deposits | 27,166,000 | 27,021,000 | 26,680,000 | 26,749,000 |
| Equity capital | 12,513,000 | 12,983,000 | 14,347,000 | 13,343,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,147,000 | 4,387,000 | 6,728,000 | 9,085,000 |
| Interest expense | 923,000 | 1,915,000 | 2,927,000 | 3,929,000 |
| Net interest income | 1,224,000 | 2,472,000 | 3,801,000 | 5,156,000 |
| Noninterest income | 144,000 | 289,000 | 446,000 | 592,000 |
| Noninterest expense | 846,000 | 1,666,000 | 2,501,000 | 3,388,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 432,000 | 915,000 | 1,476,000 | 2,000,000 |
| Income tax | 27,000 | 60,000 | 96,000 | 130,000 |
| Net income | 405,000 | 855,000 | 1,380,000 | 1,870,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,349,000 | 18,548,000 | 18,823,000 | 19,063,000 |