Home > Mercantile Bank > Income and Expense
Mercantile Bank, Income and Expense
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $33,770,000 | 1,007 |
| Total interest expense | $14,049,000 | 1,142 |
| Net interest income | $19,721,000 | 898 |
| Provision for loan and lease losses | $761,000 | 1,556 |
| Total noninterest income | $3,308,000 | 1,374 |
| Gross Fiduciary activities income | $0 | 1,731 |
| Service charges on deposit accounts | $1,774,000 | 832 |
| Trading account gains and fees | $0 | 177 |
| Additional Noninterest Income | $1,534,000 | 1,492 |
| Total noninterest expense | $14,885,000 | 992 |
| Salaries and employee benefits | $8,397,000 | 882 |
| Premises and equipment expense | $3,024,000 | 711 |
| Additional noninterest expense | $3,464,000 | 1,350 |
| Pre-tax net operating income | $7,383,000 | 1,013 |
| Securities gains (losses) | $431,000 | 669 |
| Applicable income taxes | $2,715,000 | 904 |
| Income before extraordinary items | $5,099,000 | 1,074 |
| Extraordinary gains, net | $0 | 105 |
| Net income | $5,099,000 | 1,075 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $546,000 | 1,466 |
| Cash dividends | $1,000,000 | 2,212 |
| Sale, conversion, retirement of capital stock, net | $178,000 | 590 |
| Net operating income | $4,818,850 | 1,095 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $31,595,000 | 1,114 |
| Total interest expense | $15,212,000 | 1,140 |
| Net interest income | $16,383,000 | 1,078 |
| Provision for loan and lease losses | $537,000 | 1,774 |
| Total noninterest income | $2,698,000 | 1,484 |
| Gross Fiduciary activities income | $0 | 1,332 |
| Service charges on deposit accounts | $1,496,000 | 897 |
| Trading account gains and fees | $0 | 180 |
| Additional Noninterest Income | $1,202,000 | 1,651 |
| Total noninterest expense | $13,018,000 | 1,075 |
| Salaries and employee benefits | $7,160,000 | 980 |
| Premises and equipment expense | $2,612,000 | 774 |
| Additional noninterest expense | $3,246,000 | 1,383 |
| Pre-tax net operating income | $5,526,000 | 1,342 |
| Securities gains (losses) | $104,000 | 561 |
| Applicable income taxes | $1,912,000 | 1,207 |
| Income before extraordinary items | $3,718,000 | 1,426 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $3,718,000 | 1,428 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $191,000 | 2,456 |
| Cash dividends | $800,000 | 2,651 |
| Sale, conversion, retirement of capital stock, net | $26,000 | 841 |
| Net operating income | $3,649,360 | 1,442 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $27,074,000 | 1,207 |
| Total interest expense | $12,456,000 | 1,222 |
| Net interest income | $14,618,000 | 1,205 |
| Provision for loan and lease losses | $670,000 | 1,366 |
| Total noninterest income | $2,467,000 | 1,583 |
| Gross Fiduciary activities income | $0 | 1,380 |
| Service charges on deposit accounts | $1,420,000 | 935 |
| Trading account gains and fees | $0 | 173 |
| Additional Noninterest Income | $1,047,000 | 1,804 |
| Total noninterest expense | $11,819,000 | 1,172 |
| Salaries and employee benefits | $5,970,000 | 1,155 |
| Premises and equipment expense | $2,378,000 | 844 |
| Additional noninterest expense | $3,471,000 | 1,330 |
| Pre-tax net operating income | $4,596,000 | 1,635 |
| Securities gains (losses) | $60,000 | 923 |
| Applicable income taxes | $1,437,000 | 1,653 |
| Income before extraordinary items | $3,219,000 | 1,657 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $3,219,000 | 1,658 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $257,000 | 2,042 |
| Cash dividends | $0 | 7,131 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,035 |
| Net operating income | $3,177,600 | 1,650 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $21,274,000 | 1,517 |
| Total interest expense | $9,603,000 | 1,601 |
| Net interest income | $11,671,000 | 1,438 |
| Provision for loan and lease losses | $440,000 | 1,913 |
| Total noninterest income | $1,990,000 | 1,842 |
| Gross Fiduciary activities income | $105,000 | 1,001 |
| Service charges on deposit accounts | $1,152,000 | 1,100 |
| Trading account gains and fees | $0 | 224 |
| Additional Noninterest Income | $733,000 | 2,308 |
| Total noninterest expense | $9,290,000 | 1,422 |
| Salaries and employee benefits | $4,630,000 | 1,419 |
| Premises and equipment expense | $1,912,000 | 1,008 |
| Additional noninterest expense | $2,748,000 | 1,565 |
| Pre-tax net operating income | $3,931,000 | 1,852 |
| Securities gains (losses) | $101,000 | 1,266 |
| Applicable income taxes | $1,297,000 | 1,854 |
| Income before extraordinary items | $2,735,000 | 1,907 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $2,735,000 | 1,907 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $91,000 | 3,807 |
| Cash dividends | $0 | 7,473 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,027 |
| Net operating income | $2,666,320 | 1,896 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $14,158,000 | 2,305 |
| Total interest expense | $6,027,000 | 2,482 |
| Net interest income | $8,131,000 | 2,151 |
| Provision for loan and lease losses | $437,000 | 1,968 |
| Total noninterest income | $1,201,000 | 2,629 |
| Gross Fiduciary activities income | $0 | 1,450 |
| Service charges on deposit accounts | $816,000 | 1,593 |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $385,000 | 3,363 |
| Total noninterest expense | $7,043,000 | 1,838 |
| Salaries and employee benefits | $3,553,000 | 1,846 |
| Premises and equipment expense | $1,459,000 | 1,343 |
| Additional noninterest expense | $2,031,000 | 2,058 |
| Pre-tax net operating income | $1,852,000 | 3,772 |
| Securities gains (losses) | $237,000 | 636 |
| Applicable income taxes | $731,000 | 3,131 |
| Income before extraordinary items | $1,358,000 | 3,660 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $1,358,000 | 3,660 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $57,000 | 4,899 |
| Cash dividends | $0 | 7,871 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $1,203,950 | 3,980 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $10,945,000 | 3,002 |
| Total interest expense | $4,659,000 | 3,205 |
| Net interest income | $6,286,000 | 2,810 |
| Provision for loan and lease losses | $401,000 | 2,074 |
| Total noninterest income | $893,000 | 3,417 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $566,000 | 2,403 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $327,000 | 3,872 |
| Total noninterest expense | $6,225,000 | 2,206 |
| Salaries and employee benefits | $2,908,000 | 2,283 |
| Premises and equipment expense | $968,000 | 2,077 |
| Additional noninterest expense | $2,349,000 | 2,128 |
| Pre-tax net operating income | $553,000 | 7,675 |
| Securities gains (losses) | $-10,000 | 10,276 |
| Applicable income taxes | $177,000 | 7,479 |
| Income before extraordinary items | $366,000 | 7,885 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $366,000 | 7,884 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $47,000 | 5,431 |
| Cash dividends | $0 | 8,336 |
| Sale, conversion, retirement of capital stock, net | $3,000,000 | 228 |
| Net operating income | $372,700 | 7,781 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $8,518,000 | 3,793 |
| Total interest expense | $3,739,000 | 3,912 |
| Net interest income | $4,779,000 | 3,688 |
| Provision for loan and lease losses | $240,000 | 2,643 |
| Total noninterest income | $757,000 | 3,840 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $423,000 | 3,181 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $334,000 | 3,741 |
| Total noninterest expense | $4,244,000 | 3,151 |
| Salaries and employee benefits | $2,190,000 | 3,043 |
| Premises and equipment expense | $639,000 | 3,054 |
| Additional noninterest expense | $1,415,000 | 3,236 |
| Pre-tax net operating income | $1,052,000 | 5,785 |
| Securities gains (losses) | $97,000 | 975 |
| Applicable income taxes | $431,000 | 4,679 |
| Income before extraordinary items | $718,000 | 5,877 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $718,000 | 5,875 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $73,000 | 4,422 |
| Cash dividends | $50,000 | 7,734 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $655,920 | 6,248 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $6,220,000 | 4,708 |
| Total interest expense | $2,522,000 | 4,611 |
| Net interest income | $3,698,000 | 4,703 |
| Provision for loan and lease losses | $176,000 | 3,301 |
| Total noninterest income | $636,000 | 4,452 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $313,000 | 4,209 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $323,000 | 3,895 |
| Total noninterest expense | $3,334,000 | 4,022 |
| Salaries and employee benefits | $1,695,000 | 3,834 |
| Premises and equipment expense | $481,000 | 3,923 |
| Additional noninterest expense | $1,158,000 | 4,185 |
| Pre-tax net operating income | $824,000 | 6,752 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $142,000 | 8,466 |
| Income before extraordinary items | $682,000 | 6,013 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $682,000 | 6,028 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $127,000 | 3,278 |
| Cash dividends | $94,000 | 7,064 |
| Sale, conversion, retirement of capital stock, net | $3,000 | 1,137 |
| Net operating income | $682,000 | 6,087 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $4,971,000 | 5,812 |
| Total interest expense | $2,046,000 | 5,721 |
| Net interest income | $2,925,000 | 5,763 |
| Provision for loan and lease losses | $40,000 | 7,927 |
| Total noninterest income | $725,000 | 4,326 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $210,000 | 5,788 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $515,000 | 3,207 |
| Total noninterest expense | $3,176,000 | 4,291 |
| Salaries and employee benefits | $1,491,000 | 4,297 |
| Premises and equipment expense | $581,000 | 3,428 |
| Additional noninterest expense | $1,104,000 | 4,519 |
| Pre-tax net operating income | $434,000 | 9,148 |
| Securities gains (losses) | $193,000 | 1,738 |
| Applicable income taxes | $0 | 12,141 |
| Income before extraordinary items | $627,000 | 6,585 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $627,000 | 6,738 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $59,000 | 5,721 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $-32,000 | 13,179 |
| Net operating income | $434,000 | 7,839 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $5,362,000 | 6,018 |
| Total interest expense | $2,694,000 | 5,652 |
| Net interest income | $2,668,000 | 6,276 |
| Provision for loan and lease losses | $145,000 | 6,193 |
| Total noninterest income | $525,000 | 5,454 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $136,000 | 7,502 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $389,000 | 3,773 |
| Total noninterest expense | $2,617,000 | 5,096 |
| Salaries and employee benefits | $1,194,000 | 5,187 |
| Premises and equipment expense | $542,000 | 3,701 |
| Additional noninterest expense | $881,000 | 5,624 |
| Pre-tax net operating income | $431,000 | 8,948 |
| Securities gains (losses) | $188,000 | 2,094 |
| Applicable income taxes | $219,000 | 7,205 |
| Income before extraordinary items | $400,000 | 8,224 |
| Extraordinary gains, net | $219,000 | 399 |
| Net income | $619,000 | 6,511 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $103,000 | 5,843 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $277,800 | 9,222 |
* 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.