Call reports 2007
MERCHANTS BANK, NATIONAL ASSOCIATION — 2007
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 524,536,000 | 524,696,000 | 784,292,000 | 819,111,000 |
| Total loans | 382,971,000 | 390,539,000 | 536,546,000 | 549,254,000 |
| Allowance for loan losses | 5,604,000 | 5,634,000 | 8,432,000 | 8,843,000 |
| Securities available for sale | 61,670,000 | 58,708,000 | 105,586,000 | 133,893,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 358,161,000 | 381,554,000 | 579,794,000 | 596,336,000 |
| Interest-bearing deposits | 293,120,000 | 311,254,000 | 481,764,000 | 500,363,000 |
| Noninterest-bearing deposits | 65,041,000 | 70,300,000 | 98,030,000 | 95,973,000 |
| Equity capital | 63,830,000 | 62,459,000 | 104,063,000 | 106,593,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 8,357,000 | 16,935,000 | 30,813,000 | 43,335,000 |
| Interest expense | 3,453,000 | 6,799,000 | 12,676,000 | 17,864,000 |
| Net interest income | 4,904,000 | 10,136,000 | 18,137,000 | 25,471,000 |
| Noninterest income | 1,910,000 | 3,868,000 | 6,553,000 | 8,906,000 |
| Noninterest expense | 3,861,000 | 7,873,000 | 15,207,000 | 22,025,000 |
| Provision for loan losses | 321,000 | 462,000 | 1,324,000 | 2,187,000 |
| Pretax income | 2,632,000 | 5,669,000 | 8,159,000 | 10,329,000 |
| Income tax | 880,000 | 1,963,000 | 2,676,000 | 3,243,000 |
| Net income | 1,752,000 | 3,706,000 | 5,483,000 | 7,086,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,018,000 | 60,472,000 | 80,006,000 | 82,618,000 |
| Total capital | 66,613,000 | 66,158,000 | 87,830,000 | 90,674,000 |
| Risk-weighted assets | 446,537,000 | 453,839,000 | 624,130,000 | 644,866,000 |
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