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Mercantile Bank, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$455,424,000	146
Total interest expense	$244,547,000	130
Net interest income	$210,877,000	146
Provision for loan and lease losses	$15,793,000	159
Total noninterest income	$140,837,000	113
Gross Fiduciary activities income	$27,896,000	77
Service charges on deposit accounts	$30,536,000	98
Trading account gains and fees	$3,080,000	63
Additional Noninterest Income	$79,325,000	128
Total noninterest expense	$208,430,000	141
Salaries and employee benefits	$124,994,000	90
Premises and equipment expense	$31,735,000	110
Additional noninterest expense	$51,701,000	235
Pre-tax net operating income	$127,491,000	120
Securities gains (losses)	$2,444,000	131
Applicable income taxes	$42,756,000	127
Income before extraordinary items	$87,179,000	115
Extraordinary gains, net	$0	53
Net income	$87,179,000	114
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$29,963,000	106
Cash dividends	$143,649,000	56
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$85,541,520	116
1995-12-31 (YTD Data)		Rank
Total interest income	$15,798,000	2,134
Total interest expense	$7,267,000	2,137
Net interest income	$8,531,000	2,110
Provision for loan and lease losses	$394,000	1,889
Total noninterest income	$1,825,000	1,975
Gross Fiduciary activities income	$0	1,590
Service charges on deposit accounts	$1,454,000	913
Trading account gains and fees	$0	522
Additional Noninterest Income	$371,000	3,477
Total noninterest expense	$5,780,000	2,354
Salaries and employee benefits	$2,620,000	2,545
Premises and equipment expense	$561,000	3,402
Additional noninterest expense	$2,599,000	1,929
Pre-tax net operating income	$4,182,000	1,767
Securities gains (losses)	$0	3,831
Applicable income taxes	$1,585,000	1,571
Income before extraordinary items	$2,597,000	1,932
Extraordinary gains, net	$0	65
Net income	$2,597,000	1,929
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$190,000	2,583
Cash dividends	$4,500,000	693
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$2,597,000	1,911
1994-12-31 (YTD Data)		Rank
Total interest income	$11,379,000	2,667
Total interest expense	$4,323,000	2,837
Net interest income	$7,056,000	2,551
Provision for loan and lease losses	$350,000	2,026
Total noninterest income	$1,533,000	2,257
Gross Fiduciary activities income	$0	1,599
Service charges on deposit accounts	$1,150,000	1,152
Trading account gains and fees	$0	475
Additional Noninterest Income	$383,000	3,502
Total noninterest expense	$4,197,000	3,275
Salaries and employee benefits	$2,046,000	3,217
Premises and equipment expense	$415,000	4,437
Additional noninterest expense	$1,736,000	2,912
Pre-tax net operating income	$4,042,000	1,759
Securities gains (losses)	$0	3,600
Applicable income taxes	$1,526,000	1,538
Income before extraordinary items	$2,516,000	1,939
Extraordinary gains, net	$0	249
Net income	$2,516,000	1,938
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$311,000	1,856
Cash dividends	$473,000	3,370
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$2,516,000	1,939
1993-12-31 (YTD Data)		Rank
Total interest income	$9,223,000	3,354
Total interest expense	$3,372,000	3,714
Net interest income	$5,851,000	3,096
Provision for loan and lease losses	$322,000	2,849
Total noninterest income	$982,000	3,385
Gross Fiduciary activities income	$0	1,630
Service charges on deposit accounts	$700,000	1,950
Trading account gains and fees	$0	532
Additional Noninterest Income	$282,000	4,640
Total noninterest expense	$3,432,000	3,980
Salaries and employee benefits	$1,663,000	3,893
Premises and equipment expense	$367,000	5,048
Additional noninterest expense	$1,402,000	3,703
Pre-tax net operating income	$3,079,000	2,212
Securities gains (losses)	$0	7,477
Applicable income taxes	$1,158,000	1,977
Income before extraordinary items	$1,921,000	2,622
Extraordinary gains, net	$-22,000	12,478
Net income	$1,899,000	2,734
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$172,000	3,427
Cash dividends	$2,016,000	1,004
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$1,921,000	2,460
1992-12-31 (YTD Data)		Rank
Total interest income	$10,388,000	3,364
Total interest expense	$4,400,000	3,723
Net interest income	$5,988,000	3,056
Provision for loan and lease losses	$395,000	3,502
Total noninterest income	$833,000	3,859
Gross Fiduciary activities income	$0	1,658
Service charges on deposit accounts	$595,000	2,309
Trading account gains and fees	$0	504
Additional Noninterest Income	$238,000	5,127
Total noninterest expense	$3,212,000	4,253
Salaries and employee benefits	$1,522,000	4,179
Premises and equipment expense	$342,000	5,454
Additional noninterest expense	$1,348,000	3,923
Pre-tax net operating income	$3,214,000	1,937
Securities gains (losses)	$0	8,369
Applicable income taxes	$1,164,000	1,810
Income before extraordinary items	$2,050,000	2,233
Extraordinary gains, net	$0	1,422
Net income	$2,050,000	2,264
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$178,000	4,468
Cash dividends	$854,000	1,795
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$2,050,000	2,049

* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.