Call reports 2010
MERCHANTS BANK, NATIONAL ASSOCIATION — 2010
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,104,617,000 | 1,117,626,000 | 1,119,141,000 | 1,151,636,000 |
| Total loans | 690,118,000 | 683,022,000 | 692,911,000 | 716,583,000 |
| Allowance for loan losses | 14,137,000 | 14,492,000 | 14,170,000 | 12,833,000 |
| Securities available for sale | 179,411,000 | 176,550,000 | 179,608,000 | 173,854,000 |
| Securities held to maturity | 15,423,000 | 14,350,000 | 14,080,000 | 12,980,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 838,998,000 | 880,850,000 | 872,896,000 | 917,528,000 |
| Interest-bearing deposits | 737,651,000 | 788,250,000 | 756,866,000 | 807,617,000 |
| Noninterest-bearing deposits | 101,347,000 | 92,600,000 | 116,030,000 | 109,911,000 |
| Equity capital | 124,867,000 | 128,363,000 | 131,126,000 | 133,052,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 12,450,000 | 25,840,000 | 39,002,000 | 53,249,000 |
| Interest expense | 3,275,000 | 6,419,000 | 9,368,000 | 12,193,000 |
| Net interest income | 9,175,000 | 19,421,000 | 29,634,000 | 41,056,000 |
| Noninterest income | 3,414,000 | 5,780,000 | 9,185,000 | 12,362,000 |
| Noninterest expense | 8,160,000 | 16,510,000 | 25,596,000 | 33,166,000 |
| Provision for loan losses | 4,338,000 | 5,382,000 | 5,501,000 | 5,756,000 |
| Pretax income | 638,000 | 4,169,000 | 8,589,000 | 16,775,000 |
| Income tax | 48,000 | 1,253,000 | 2,800,000 | 5,757,000 |
| Net income | 590,000 | 2,916,000 | 5,789,000 | 11,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 106,917,000 | 108,476,000 | 111,121,000 | 115,166,000 |
| Total capital | 116,732,000 | 119,085,000 | 121,902,000 | 126,168,000 |
| Risk-weighted assets | 853,986,000 | 844,117,000 | 858,319,000 | 877,570,000 |
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