Home > Mercantile Bank > Income and Expense

Mercantile Bank, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$4,069,000	6,795
Total interest expense	$1,688,000	7,116
Net interest income	$2,381,000	6,417
Provision for loan and lease losses	$428,000	1,977
Total noninterest income	$420,000	5,789
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$79,000	8,021
Trading account gains and fees	NA	NA
Additional Noninterest Income	$341,000	3,757
Total noninterest expense	$1,721,000	6,569
Salaries and employee benefits	$797,000	6,997
Premises and equipment expense	$186,000	7,295
Additional noninterest expense	$738,000	5,526
Pre-tax net operating income	$652,000	7,160
Securities gains (losses)	$4,000	3,123
Applicable income taxes	$298,000	5,851
Income before extraordinary items	$358,000	7,935
Extraordinary gains, net	$0	53
Net income	$358,000	7,935
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$244,000	2,382
Cash dividends	$0	8,336
Sale, conversion, retirement of capital stock, net	$424,000	487
Net operating income	$355,440	7,897
1995-12-31 (YTD Data)		Rank
Total interest income	$4,484,000	6,478
Total interest expense	$2,017,000	6,426
Net interest income	$2,467,000	6,371
Provision for loan and lease losses	$293,000	2,337
Total noninterest income	$114,000	9,977
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$114,000	7,451
Trading account gains and fees	NA	NA
Additional Noninterest Income	$0	11,920
Total noninterest expense	$2,239,000	5,477
Salaries and employee benefits	$767,000	7,298
Premises and equipment expense	$137,000	8,597
Additional noninterest expense	$1,335,000	3,407
Pre-tax net operating income	$49,000	11,310
Securities gains (losses)	$0	3,831
Applicable income taxes	$26,000	10,655
Income before extraordinary items	$23,000	11,422
Extraordinary gains, net	$0	65
Net income	$23,000	11,419
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$420,000	1,548
Cash dividends	$0	8,717
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$23,000	11,391
1994-12-31 (YTD Data)		Rank
Total interest income	$3,690,000	7,085
Total interest expense	$1,435,000	7,091
Net interest income	$2,255,000	6,960
Provision for loan and lease losses	$990,000	937
Total noninterest income	$123,000	10,236
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$107,000	7,927
Trading account gains and fees	NA	NA
Additional Noninterest Income	$16,000	11,718
Total noninterest expense	$1,401,000	7,912
Salaries and employee benefits	$735,000	7,631
Premises and equipment expense	$144,000	8,713
Additional noninterest expense	$522,000	7,654
Pre-tax net operating income	$-13,000	12,120
Securities gains (losses)	$1,000	3,293
Applicable income taxes	$-23,000	12,135
Income before extraordinary items	$11,000	11,998
Extraordinary gains, net	$0	249
Net income	$11,000	11,999
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$532,000	1,319
Cash dividends	$0	8,932
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$10,360	12,036
1993-12-31 (YTD Data)		Rank
Total interest income	$3,388,000	7,694
Total interest expense	$1,319,000	7,811
Net interest income	$2,069,000	7,490
Provision for loan and lease losses	$122,000	5,164
Total noninterest income	$113,000	11,008
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$99,000	8,412
Trading account gains and fees	NA	NA
Additional Noninterest Income	$14,000	12,477
Total noninterest expense	$1,401,000	8,182
Salaries and employee benefits	$682,000	8,117
Premises and equipment expense	$155,000	8,775
Additional noninterest expense	$564,000	7,653
Pre-tax net operating income	$659,000	7,577
Securities gains (losses)	$14,000	5,105
Applicable income taxes	$220,000	7,257
Income before extraordinary items	$453,000	7,946
Extraordinary gains, net	$0	3,149
Net income	$453,000	8,120
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$60,000	5,678
Cash dividends	$0	9,081
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$443,620	7,760
1992-12-31 (YTD Data)		Rank
Total interest income	$3,456,000	8,249
Total interest expense	$1,684,000	7,937
Net interest income	$1,772,000	8,431
Provision for loan and lease losses	$78,000	7,978
Total noninterest income	$182,000	9,783
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$164,000	6,757
Trading account gains and fees	NA	NA
Additional Noninterest Income	$18,000	12,735
Total noninterest expense	$1,402,000	8,284
Salaries and employee benefits	$658,000	8,321
Premises and equipment expense	$180,000	8,311
Additional noninterest expense	$564,000	7,825
Pre-tax net operating income	$474,000	8,600
Securities gains (losses)	$38,000	4,584
Applicable income taxes	$151,000	8,593
Income before extraordinary items	$361,000	8,606
Extraordinary gains, net	$0	1,422
Net income	$361,000	8,731
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$59,000	7,168
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$334,020	8,526

* 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.