Home > Mercantile Bank > Income and Expense
Mercantile Bank, Income and Expense
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $54,881,000 | 630 |
| Total interest expense | $27,821,000 | 612 |
| Net interest income | $27,060,000 | 664 |
| Provision for loan and lease losses | $725,000 | 1,267 |
| Total noninterest income | $6,682,000 | 766 |
| Gross Fiduciary activities income | $1,790,000 | 341 |
| Service charges on deposit accounts | $3,640,000 | 366 |
| Trading account gains and fees | $156,000 | 139 |
| Additional Noninterest Income | $1,096,000 | 1,736 |
| Total noninterest expense | $21,385,000 | 697 |
| Salaries and employee benefits | $10,909,000 | 652 |
| Premises and equipment expense | $3,604,000 | 597 |
| Additional noninterest expense | $6,872,000 | 775 |
| Pre-tax net operating income | $11,632,000 | 697 |
| Securities gains (losses) | $0 | 4,449 |
| Applicable income taxes | $3,677,000 | 737 |
| Income before extraordinary items | $7,955,000 | 713 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $7,955,000 | 713 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $876,000 | 841 |
| Cash dividends | $0 | 7,473 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,027 |
| Net operating income | $7,955,000 | 688 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $55,089,000 | 644 |
| Total interest expense | $27,720,000 | 614 |
| Net interest income | $27,369,000 | 661 |
| Provision for loan and lease losses | $845,000 | 1,138 |
| Total noninterest income | $6,652,000 | 758 |
| Gross Fiduciary activities income | $1,694,000 | 356 |
| Service charges on deposit accounts | $3,650,000 | 369 |
| Trading account gains and fees | $127,000 | 156 |
| Additional Noninterest Income | $1,181,000 | 1,575 |
| Total noninterest expense | $22,011,000 | 688 |
| Salaries and employee benefits | $11,347,000 | 615 |
| Premises and equipment expense | $3,585,000 | 586 |
| Additional noninterest expense | $7,079,000 | 757 |
| Pre-tax net operating income | $11,165,000 | 740 |
| Securities gains (losses) | $0 | 3,944 |
| Applicable income taxes | $3,364,000 | 845 |
| Income before extraordinary items | $7,801,000 | 726 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $7,801,000 | 727 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $701,000 | 1,029 |
| Cash dividends | $0 | 7,871 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $7,801,000 | 712 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $54,067,000 | 688 |
| Total interest expense | $26,753,000 | 668 |
| Net interest income | $27,314,000 | 701 |
| Provision for loan and lease losses | $263,000 | 2,859 |
| Total noninterest income | $6,913,000 | 753 |
| Gross Fiduciary activities income | $1,718,000 | 385 |
| Service charges on deposit accounts | $3,536,000 | 422 |
| Trading account gains and fees | $123,000 | 175 |
| Additional Noninterest Income | $1,536,000 | 1,373 |
| Total noninterest expense | $22,078,000 | 729 |
| Salaries and employee benefits | $11,630,000 | 597 |
| Premises and equipment expense | $3,230,000 | 695 |
| Additional noninterest expense | $7,218,000 | 877 |
| Pre-tax net operating income | $11,886,000 | 684 |
| Securities gains (losses) | $-1,278,000 | 11,416 |
| Applicable income taxes | $2,537,000 | 1,003 |
| Income before extraordinary items | $8,071,000 | 695 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $8,071,000 | 695 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,472,000 | 498 |
| Cash dividends | $2,740,000 | 1,031 |
| Sale, conversion, retirement of capital stock, net | $97,000 | 667 |
| Net operating income | $9,042,280 | 619 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $53,080,000 | 727 |
| Total interest expense | $25,343,000 | 724 |
| Net interest income | $27,737,000 | 717 |
| Provision for loan and lease losses | $100,000 | 4,579 |
| Total noninterest income | $7,462,000 | 734 |
| Gross Fiduciary activities income | $1,553,000 | 430 |
| Service charges on deposit accounts | $3,670,000 | 422 |
| Trading account gains and fees | $486,000 | 181 |
| Additional Noninterest Income | $1,753,000 | 1,240 |
| Total noninterest expense | $23,047,000 | 709 |
| Salaries and employee benefits | $11,393,000 | 617 |
| Premises and equipment expense | $3,345,000 | 686 |
| Additional noninterest expense | $8,309,000 | 777 |
| Pre-tax net operating income | $12,052,000 | 714 |
| Securities gains (losses) | $6,000 | 2,714 |
| Applicable income taxes | $3,778,000 | 759 |
| Income before extraordinary items | $8,280,000 | 701 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $8,280,000 | 701 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $495,000 | 1,397 |
| Cash dividends | $0 | 8,717 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $8,275,860 | 694 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $46,606,000 | 744 |
| Total interest expense | $18,633,000 | 763 |
| Net interest income | $27,973,000 | 709 |
| Provision for loan and lease losses | $265,000 | 2,482 |
| Total noninterest income | $8,353,000 | 666 |
| Gross Fiduciary activities income | $1,575,000 | 421 |
| Service charges on deposit accounts | $3,873,000 | 398 |
| Trading account gains and fees | $143,000 | 216 |
| Additional Noninterest Income | $2,762,000 | 922 |
| Total noninterest expense | $22,722,000 | 727 |
| Salaries and employee benefits | $10,719,000 | 662 |
| Premises and equipment expense | $3,152,000 | 729 |
| Additional noninterest expense | $8,851,000 | 761 |
| Pre-tax net operating income | $13,339,000 | 633 |
| Securities gains (losses) | $207,000 | 486 |
| Applicable income taxes | $4,334,000 | 638 |
| Income before extraordinary items | $9,212,000 | 610 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $9,212,000 | 609 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $602,000 | 1,209 |
| Cash dividends | $0 | 8,932 |
| Sale, conversion, retirement of capital stock, net | $18,000 | 1,032 |
| Net operating income | $9,071,240 | 625 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $41,046,000 | 818 |
| Total interest expense | $16,632,000 | 857 |
| Net interest income | $24,414,000 | 783 |
| Provision for loan and lease losses | $-1,285,000 | 13,235 |
| Total noninterest income | $7,036,000 | 766 |
| Gross Fiduciary activities income | $1,675,000 | 418 |
| Service charges on deposit accounts | $3,690,000 | 411 |
| Trading account gains and fees | $207,000 | 225 |
| Additional Noninterest Income | $1,464,000 | 1,581 |
| Total noninterest expense | $22,920,000 | 744 |
| Salaries and employee benefits | $10,905,000 | 666 |
| Premises and equipment expense | $2,580,000 | 871 |
| Additional noninterest expense | $9,435,000 | 794 |
| Pre-tax net operating income | $9,815,000 | 745 |
| Securities gains (losses) | $1,654,000 | 368 |
| Applicable income taxes | $3,541,000 | 727 |
| Income before extraordinary items | $7,928,000 | 664 |
| Extraordinary gains, net | $766,000 | 300 |
| Net income | $8,694,000 | 623 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $81,000 | 5,012 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $7,732,000 | 144 |
| Net operating income | $6,786,740 | 723 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $29,864,000 | 1,230 |
| Total interest expense | $12,780,000 | 1,377 |
| Net interest income | $17,084,000 | 1,088 |
| Provision for loan and lease losses | $-1,649,000 | 13,919 |
| Total noninterest income | $2,891,000 | 1,484 |
| Gross Fiduciary activities income | $400,000 | 845 |
| Service charges on deposit accounts | $1,197,000 | 1,095 |
| Trading account gains and fees | $169,000 | 237 |
| Additional Noninterest Income | $1,125,000 | 1,841 |
| Total noninterest expense | $10,639,000 | 1,450 |
| Salaries and employee benefits | $5,075,000 | 1,319 |
| Premises and equipment expense | $1,358,000 | 1,569 |
| Additional noninterest expense | $4,206,000 | 1,543 |
| Pre-tax net operating income | $10,985,000 | 583 |
| Securities gains (losses) | $1,397,000 | 511 |
| Applicable income taxes | $4,181,000 | 563 |
| Income before extraordinary items | $8,201,000 | 584 |
| Extraordinary gains, net | $3,934,000 | 44 |
| Net income | $12,135,000 | 420 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-448,000 | 13,907 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $7,278,980 | 597 |
* 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.