Call reports 2025
PUTNAM 1ST MERCANTILE BANK — 2025
What PUTNAM 1ST MERCANTILE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 155,379,000 | 153,689,000 | 160,301,000 | 170,987,000 |
| Total loans | 121,216,000 | 124,413,000 | 127,343,000 | 142,089,000 |
| Allowance for loan losses | 1,944,000 | 2,013,000 | 2,092,000 | 2,182,000 |
| Securities available for sale | 24,806,000 | 24,887,000 | 25,233,000 | 25,291,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 139,425,000 | 137,390,000 | 143,176,000 | 152,689,000 |
| Interest-bearing deposits | 112,080,000 | 109,810,000 | 116,528,000 | 125,051,000 |
| Noninterest-bearing deposits | 27,345,000 | 27,580,000 | 26,648,000 | 27,638,000 |
| Equity capital | 14,145,000 | 14,731,000 | 15,605,000 | 16,284,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 2,377,000 | 4,745,000 | 7,221,000 | 9,892,000 |
| Interest expense | 1,007,000 | 1,932,000 | 2,882,000 | 3,887,000 |
| Net interest income | 1,370,000 | 2,813,000 | 4,339,000 | 6,005,000 |
| Noninterest income | 153,000 | 317,000 | 475,000 | 621,000 |
| Noninterest expense | 903,000 | 1,785,000 | 2,688,000 | 3,616,000 |
| Provision for loan losses | 85,000 | 160,000 | 240,000 | 330,000 |
| Pretax income | 535,000 | 1,185,000 | 1,886,000 | 2,680,000 |
| Income tax | 35,000 | 77,000 | 123,000 | 174,000 |
| Net income | 500,000 | 1,108,000 | 1,763,000 | 2,506,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,263,000 | 19,571,000 | 19,926,000 | 20,369,000 |