Call reports 2009
MERCHANTS BANK, NATIONAL ASSOCIATION — 2009
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 885,498,000 | 1,111,617,000 | 1,098,788,000 | 1,089,203,000 |
| Total loans | 622,812,000 | 717,562,000 | 713,231,000 | 709,800,000 |
| Allowance for loan losses | 10,574,000 | 12,200,000 | 12,837,000 | 12,017,000 |
| Securities available for sale | 116,094,000 | 156,039,000 | 172,827,000 | 184,394,000 |
| Securities held to maturity | 0 | 16,432,000 | 16,203,000 | 15,703,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 660,520,000 | 890,110,000 | 860,186,000 | 832,171,000 |
| Interest-bearing deposits | 555,607,000 | 779,938,000 | 757,072,000 | 729,046,000 |
| Noninterest-bearing deposits | 104,913,000 | 110,172,000 | 103,115,000 | 103,125,000 |
| Equity capital | 114,388,000 | 128,246,000 | 129,818,000 | 125,749,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 11,111,000 | 26,436,000 | 40,053,000 | 52,863,000 |
| Interest expense | 3,342,000 | 7,970,000 | 12,392,000 | 16,030,000 |
| Net interest income | 7,769,000 | 18,466,000 | 27,661,000 | 36,833,000 |
| Noninterest income | 3,616,000 | 9,419,000 | 12,348,000 | 16,125,000 |
| Noninterest expense | 6,903,000 | 16,327,000 | 24,562,000 | 33,773,000 |
| Provision for loan losses | 1,462,000 | 2,567,000 | 3,989,000 | 5,050,000 |
| Pretax income | 3,562,000 | 10,238,000 | 13,090,000 | 16,303,000 |
| Income tax | 1,253,000 | 3,703,000 | 4,665,000 | 5,495,000 |
| Net income | 2,309,000 | 6,535,000 | 8,425,000 | 10,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,538,000 | 111,779,000 | 112,117,000 | 107,744,000 |
| Total capital | 108,339,000 | 123,292,000 | 123,062,000 | 118,806,000 |
| Risk-weighted assets | 782,566,000 | 919,576,000 | 872,975,000 | 883,215,000 |
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