Call reports 2014
MERCHANTS BANK, NATIONAL ASSOCIATION — 2014
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,394,471,000 | 1,444,523,000 | 1,471,641,000 | 1,518,754,000 |
| Total loans | 984,759,000 | 1,031,707,000 | 1,066,772,000 | 1,119,664,000 |
| Allowance for loan losses | 12,328,000 | 11,324,000 | 11,734,000 | 12,796,000 |
| Securities available for sale | 252,139,000 | 257,063,000 | 255,260,000 | 253,761,000 |
| Securities held to maturity | 5,668,000 | 5,309,000 | 5,162,000 | 4,663,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,158,678,000 | 1,166,003,000 | 1,200,984,000 | 1,209,006,000 |
| Interest-bearing deposits | 924,491,000 | 910,143,000 | 927,751,000 | 926,965,000 |
| Noninterest-bearing deposits | 234,187,000 | 255,859,000 | 273,233,000 | 282,041,000 |
| Equity capital | 157,735,000 | 163,413,000 | 166,367,000 | 168,943,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 14,263,000 | 29,269,000 | 44,482,000 | 60,056,000 |
| Interest expense | 1,261,000 | 2,496,000 | 3,708,000 | 4,820,000 |
| Net interest income | 13,002,000 | 26,773,000 | 40,774,000 | 55,236,000 |
| Noninterest income | 3,658,000 | 7,386,000 | 11,058,000 | 15,121,000 |
| Noninterest expense | 10,959,000 | 23,170,000 | 34,339,000 | 46,925,000 |
| Provision for loan losses | 833,000 | -95,000 | 439,000 | 1,678,000 |
| Pretax income | 4,868,000 | 11,084,000 | 17,054,000 | 21,754,000 |
| Income tax | 1,793,000 | 4,136,000 | 6,361,000 | 7,794,000 |
| Net income | 3,075,000 | 6,948,000 | 10,693,000 | 13,960,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 141,807,000 | 144,586,000 | 148,487,000 | 149,714,000 |
| Total capital | 154,135,000 | 155,910,000 | 160,221,000 | 162,510,000 |
| Risk-weighted assets | 1,148,256,000 | 1,199,430,000 | 1,236,534,000 | 1,271,110,000 |
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