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Mercantile Bank

Saint Petersburg, FL · Cert 32473

FDIC

Q2 2002

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2002, the quarter ended June 30, 2002, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mercantile Bank

Saint Petersburg, FL · Cert 32473

FDIC

Q2 2002

$525.0MAssets
$317.3MLoans
$412.6MDeposits
$42.2MEquity
Loan mix
61%RE $77.6M38%C&I $49.3M1%Consumer $1.3MQ2 2001Q2 2002
Deposit mix
79%Interest-bearing $324.4M21%Noninterest $88.3MQ2 2001Q2 2002

NIM

7.41%Q1 ’017.04%Q2 ’016.09%Q2 ’02-2%+14%

Non-interest income vs. expense

3.37%Q1 ’013.04%Q2 ’012.97%Q2 ’02-11%-1%

Executive Summary

  • Earnings: ROA of 1.22%, up 34 bps year over year; NIM at 4.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 76.89% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

1.22%+34 bps YoY

Net Interest Margin (YTD, annualized)

4.29%+51 bps YoY

Efficiency Ratio (YTD, annualized)

61.07%-815 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets0.88%0.96%1.05%1.27%1.22%+34 bps
Return on Equityn/an/an/a17.07%15.98%n/a
Net Interest Margin3.78%3.89%3.96%4.32%4.29%+51 bps
Efficiency Ratio69.22%66.52%64.64%62.29%61.07%-815 bps
Non-Interest Burden2.43%2.38%2.32%2.48%2.40%-3 bps
Growth
Asset Growth (YoY)16.07%14.88%13.46%12.57%4.90%-1,118 bps
Loan Growth (YoY)11.49%12.24%5.22%0.85%-3.80%-1,529 bps
Deposit Growth (YoY)9.56%7.82%8.59%8.80%2.39%-717 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.17%0.16%0.05%0.02%-8 bps
Allowance / Loans1.03%1.00%1.02%1.09%1.18%+16 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.71%10.93%11.05%11.40%12.13%+142 bps
Equity / Assets7.21%7.73%7.38%7.45%8.05%+84 bps
Liquidity & Funding
Loans / Deposits81.84%85.16%78.08%78.40%76.89%-495 bps
Liquid Assets / Assets0.11%0.07%0.13%0.09%0.08%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a