Mercantile Bank Corp. (MBWM)’s 4th Quarter 2014 Earnings Result Conference Call Transcript

Robert B. Kaminski Jr. – Executive Vice President, Chief Operating Officer and Secretary:

Yeah, that’s an interesting question Steven, as we go to our migration and we see less and less chart drops which obviously, it’s a good problem to have and I should back up and say that. It’s a good problem to have but you know as our chart drops continue to be very nominal and we continue to get a lot of recoveries actually that does from a migration standpoint push down our allocation factors that we utilized specially for our commercial loan program that’s divided into five segments and we got allocation factors by grade. You know it’s gotten to the point that some of these even get it up to grade 4s and even 5s now and from the segments show a 0 allocation and then obviously adding some environmental to that but for those cases just to show everybody we did put in some of the minimalist amounts. So, long answer to your short question, but we’re probably somewhere in the 40 to 70 basis points, if I had to venture a guess for you know a day average product that we’re booking.

Steven Galson – TA Davidson

OK great, thanks again.

Operator:

The next question comes from Matthew Forgotson follow up from Sandler O’Neill & Partners. Please go ahead.

Matthew Forgotson – Sandler O’Neill & Partners

Gentlemen just one last question of the 13 FTE’s you added this quarter, I know some of your lenders, but can you just give a complexion, you know say, front-line versus back-office, you know revenue producing versus non revenue producing of those 13 FTE’s.