Call reports 2011
MERCHANTS BANK, NATIONAL ASSOCIATION — 2011
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 1,161,709,000 | 1,135,552,000 | 1,218,107,000 | 1,241,069,000 |
| Total loans | 708,174,000 | 740,890,000 | 770,977,000 | 767,510,000 |
| Allowance for loan losses | 13,173,000 | 13,232,000 | 13,274,000 | 12,970,000 |
| Securities available for sale | 230,061,000 | 252,534,000 | 243,532,000 | 183,586,000 |
| Securities held to maturity | 12,736,000 | 11,858,000 | 11,523,000 | 10,979,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 923,566,000 | 890,752,000 | 978,246,000 | 1,007,388,000 |
| Interest-bearing deposits | 803,083,000 | 765,694,000 | 836,169,000 | 797,087,000 |
| Noninterest-bearing deposits | 120,482,000 | 125,058,000 | 142,077,000 | 210,302,000 |
| Equity capital | 133,450,000 | 138,257,000 | 141,755,000 | 138,856,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 13,041,000 | 27,025,000 | 40,937,000 | 55,131,000 |
| Interest expense | 2,598,000 | 5,096,000 | 7,522,000 | 9,783,000 |
| Net interest income | 10,443,000 | 21,929,000 | 33,415,000 | 45,348,000 |
| Noninterest income | 3,462,000 | 6,958,000 | 9,975,000 | 13,658,000 |
| Noninterest expense | 9,295,000 | 19,024,000 | 28,623,000 | 39,468,000 |
| Provision for loan losses | 491,000 | 598,000 | 1,300,000 | 1,653,000 |
| Pretax income | 4,360,000 | 10,426,000 | 14,628,000 | 20,153,000 |
| Income tax | 1,491,000 | 3,731,000 | 5,171,000 | 7,080,000 |
| Net income | 2,869,000 | 6,695,000 | 9,457,000 | 13,073,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 115,885,000 | 117,813,000 | 119,500,000 | 117,977,000 |
| Total capital | 127,076,000 | 129,396,000 | 131,407,000 | 129,716,000 |
| Risk-weighted assets | 892,561,000 | 924,217,000 | 950,446,000 | 937,147,000 |
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