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Mercantile Bank, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$10,121,000	3,242
Total interest expense	$5,306,000	2,855
Net interest income	$4,815,000	3,670
Provision for loan and lease losses	$1,738,000	693
Total noninterest income	$448,000	5,557
Gross Fiduciary activities income	$0	1,526
Service charges on deposit accounts	$249,000	4,840
Trading account gains and fees	$0	262
Additional Noninterest Income	$199,000	5,174
Total noninterest expense	$3,096,000	4,213
Salaries and employee benefits	$1,160,000	5,356
Premises and equipment expense	$502,000	3,767
Additional noninterest expense	$1,434,000	3,242
Pre-tax net operating income	$429,000	8,346
Securities gains (losses)	$7,000	2,762
Applicable income taxes	$122,000	8,364
Income before extraordinary items	$314,000	8,307
Extraordinary gains, net	$0	53
Net income	$314,000	8,305
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$282,000	2,168
Cash dividends	$750,000	2,610
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$308,960	8,291
1995-12-31 (YTD Data)		Rank
Total interest income	$10,147,000	3,238
Total interest expense	$5,116,000	2,965
Net interest income	$5,031,000	3,512
Provision for loan and lease losses	$60,000	5,704
Total noninterest income	$552,000	4,850
Gross Fiduciary activities income	$1,000	1,568
Service charges on deposit accounts	$346,000	3,807
Trading account gains and fees	$33,000	355
Additional Noninterest Income	$172,000	5,579
Total noninterest expense	$3,053,000	4,222
Salaries and employee benefits	$1,015,000	5,990
Premises and equipment expense	$414,000	4,395
Additional noninterest expense	$1,624,000	2,868
Pre-tax net operating income	$2,470,000	2,882
Securities gains (losses)	$5,000	2,809
Applicable income taxes	$740,000	3,082
Income before extraordinary items	$1,735,000	2,844
Extraordinary gains, net	$0	65
Net income	$1,735,000	2,842
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$33,000	5,856
Cash dividends	$1,000,000	2,009
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$1,731,500	2,808
1994-12-31 (YTD Data)		Rank
Total interest income	$3,077,000	7,923
Total interest expense	$1,149,000	8,108
Net interest income	$1,928,000	7,731
Provision for loan and lease losses	$296,000	2,317
Total noninterest income	$233,000	8,201
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$112,000	7,785
Trading account gains and fees	NA	NA
Additional Noninterest Income	$121,000	6,901
Total noninterest expense	$1,608,000	7,274
Salaries and employee benefits	$801,000	7,206
Premises and equipment expense	$201,000	7,402
Additional noninterest expense	$606,000	6,996
Pre-tax net operating income	$257,000	10,440
Securities gains (losses)	$0	3,600
Applicable income taxes	$83,000	9,725
Income before extraordinary items	$174,000	10,575
Extraordinary gains, net	$0	249
Net income	$174,000	10,582
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$108,000	3,588
Cash dividends	$353,000	4,055
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$174,000	10,609
1993-12-31 (YTD Data)		Rank
Total interest income	$3,263,000	7,904
Total interest expense	$1,327,000	7,788
Net interest income	$1,936,000	7,874
Provision for loan and lease losses	$60,000	6,949
Total noninterest income	$298,000	7,709
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$126,000	7,694
Trading account gains and fees	NA	NA
Additional Noninterest Income	$172,000	6,134
Total noninterest expense	$1,290,000	8,551
Salaries and employee benefits	$677,000	8,154
Premises and equipment expense	$194,000	7,809
Additional noninterest expense	$419,000	9,049
Pre-tax net operating income	$884,000	6,407
Securities gains (losses)	$24,000	4,420
Applicable income taxes	$297,000	6,114
Income before extraordinary items	$611,000	6,700
Extraordinary gains, net	$-30,000	12,558
Net income	$581,000	7,099
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$64,000	5,529
Cash dividends	$510,000	3,011
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$594,920	6,580
1992-12-31 (YTD Data)		Rank
Total interest income	$3,723,000	7,870
Total interest expense	$1,853,000	7,469
Net interest income	$1,870,000	8,130
Provision for loan and lease losses	$305,000	4,063
Total noninterest income	$198,000	9,453
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$107,000	8,311
Trading account gains and fees	NA	NA
Additional Noninterest Income	$91,000	8,401
Total noninterest expense	$1,383,000	8,366
Salaries and employee benefits	$627,000	8,575
Premises and equipment expense	$255,000	6,685
Additional noninterest expense	$501,000	8,449
Pre-tax net operating income	$380,000	9,424
Securities gains (losses)	$184,000	2,125
Applicable income taxes	$181,000	7,951
Income before extraordinary items	$383,000	8,385
Extraordinary gains, net	$0	1,422
Net income	$383,000	8,508
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$415,000	2,762
Cash dividends	$153,000	5,691
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$257,880	9,449

* 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.