Mercantile Bancorp has reported a net loss attributable to the company of $876,000, or $0.10 per share, for the first quarter ended March 31, 2009, compared with a net loss attributable to the company of $1.68m, or $0.19 per share, for the first quarter ended March 31, 2008.
Net loss for the first quarter of 2009 was $1.16m, compared to $1.96m for the same quarter of 2008.
Net interest income rose 0.27% to $10.23m in the first quarter of 2009, compared with $10.2m for the first quarter of 2008. Net interest margin for the first quarter of 2009 was 2.52% versus 2.79% for the same quarter of 2008.
Total assets as of March 31, 2009 were $1.8 billion versus $1.77 billion as of December 31, 2008.
Mercantile Bancorp, Inc. is a Quincy, Illinois-based bank holding company with majority-owned subsidiaries consisting of three banks in Illinois and one each in Missouri, Kansas, and Florida, where the company conducts full-service commercial and consumer banking business, engages in mortgage banking, trust services and asset management, and provides other financial services and products.
