Call reports 2003
MERCANTILE COUNTY BANK — 2003
What MERCANTILE COUNTY BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 385,429,000 | 385,635,000 | 408,533,000 | 397,340,000 |
| Total loans | 304,823,000 | 307,792,000 | 303,612,000 | 303,391,000 |
| Allowance for loan losses | 5,711,000 | 5,824,000 | 5,822,000 | 5,399,000 |
| Securities available for sale | 56,134,000 | 55,883,000 | 60,845,000 | 69,899,000 |
| Securities held to maturity | 1,349,000 | 1,449,000 | 1,449,000 | 1,444,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 331,656,000 | 332,419,000 | 342,665,000 | 329,140,000 |
| Interest-bearing deposits | 223,656,000 | 229,687,000 | 228,336,000 | 224,453,000 |
| Noninterest-bearing deposits | 108,000,000 | 102,732,000 | 114,329,000 | 104,687,000 |
| Equity capital | 44,226,000 | 44,721,000 | 39,121,000 | 41,164,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,537,000 | 11,289,000 | 16,850,000 | 22,484,000 |
| Interest expense | 1,025,000 | 1,981,000 | 3,004,000 | 4,052,000 |
| Net interest income | 4,512,000 | 9,308,000 | 13,846,000 | 18,432,000 |
| Noninterest income | 732,000 | 1,539,000 | 2,374,000 | 3,169,000 |
| Noninterest expense | 2,556,000 | 5,106,000 | 7,689,000 | 10,421,000 |
| Provision for loan losses | 120,000 | 240,000 | 240,000 | -110,000 |
| Pretax income | 2,600,000 | 5,712,000 | 8,502,000 | 11,501,000 |
| Income tax | 947,000 | 2,099,000 | 3,122,000 | 4,222,000 |
| Net income | 1,653,000 | 3,613,000 | 5,380,000 | 7,279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,298,000 | 40,900,000 | 35,528,000 | 36,624,000 |
| Total capital | 43,762,000 | 44,431,000 | 54,997,000 | 56,071,000 |
| Risk-weighted assets | 274,879,000 | 280,226,000 | 283,269,000 | 281,872,000 |