Call reports 2008
MERCHANTS BANK, NATIONAL ASSOCIATION — 2008
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 811,488,000 | 814,089,000 | 839,919,000 | 826,143,000 |
| Total loans | 542,881,000 | 579,758,000 | 588,680,000 | 604,356,000 |
| Allowance for loan losses | 9,463,000 | 9,587,000 | 9,950,000 | 9,385,000 |
| Securities available for sale | 131,713,000 | 115,249,000 | 115,691,000 | 102,142,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 597,138,000 | 588,343,000 | 583,847,000 | 611,693,000 |
| Interest-bearing deposits | 503,661,000 | 501,401,000 | 470,397,000 | 519,066,000 |
| Noninterest-bearing deposits | 93,477,000 | 86,942,000 | 113,450,000 | 92,627,000 |
| Equity capital | 108,973,000 | 108,211,000 | 111,048,000 | 112,521,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 12,156,000 | 23,911,000 | 35,526,000 | 46,522,000 |
| Interest expense | 4,632,000 | 8,578,000 | 12,458,000 | 16,171,000 |
| Net interest income | 7,524,000 | 15,333,000 | 23,068,000 | 30,351,000 |
| Noninterest income | 2,436,000 | 4,620,000 | 7,377,000 | 8,766,000 |
| Noninterest expense | 6,087,000 | 12,278,000 | 18,589,000 | 25,079,000 |
| Provision for loan losses | 414,000 | 702,000 | 1,400,000 | 1,645,000 |
| Pretax income | 3,458,000 | 6,978,000 | 10,524,000 | 12,863,000 |
| Income tax | 1,169,000 | 2,354,000 | 3,564,000 | 4,240,000 |
| Net income | 2,289,000 | 4,624,000 | 6,960,000 | 8,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,907,000 | 85,241,000 | 86,579,000 | 97,442,000 |
| Total capital | 91,877,000 | 93,793,000 | 95,579,000 | 106,580,000 |
| Risk-weighted assets | 673,489,000 | 682,056,000 | 717,929,000 | 730,039,000 |
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