Call reports 2015
MERCHANTS BANK, NATIONAL ASSOCIATION — 2015
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,552,094,000 | 1,557,023,000 | 1,550,871,000 | 1,587,008,000 |
| Total loans | 1,151,183,000 | 1,175,802,000 | 1,200,550,000 | 1,255,350,000 |
| Allowance for loan losses | 13,237,000 | 13,575,000 | 13,991,000 | 14,273,000 |
| Securities available for sale | 250,737,000 | 231,190,000 | 192,070,000 | 180,407,000 |
| Securities held to maturity | 4,387,000 | 4,074,000 | 3,948,000 | 3,590,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,281,216,000 | 1,251,108,000 | 1,240,812,000 | 1,240,990,000 |
| Interest-bearing deposits | 998,231,000 | 957,316,000 | 946,160,000 | 952,421,000 |
| Noninterest-bearing deposits | 282,985,000 | 293,792,000 | 294,652,000 | 288,569,000 |
| Equity capital | 173,009,000 | 171,269,000 | 174,913,000 | 177,186,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 15,476,000 | 31,319,000 | 47,430,000 | 63,613,000 |
| Interest expense | 1,034,000 | 2,071,000 | 3,114,000 | 4,152,000 |
| Net interest income | 14,442,000 | 29,248,000 | 44,316,000 | 59,461,000 |
| Noninterest income | 3,562,000 | 7,007,000 | 10,366,000 | 14,043,000 |
| Noninterest expense | 11,422,000 | 23,986,000 | 35,281,000 | 47,884,000 |
| Provision for loan losses | 455,000 | 939,000 | 1,447,000 | 1,933,000 |
| Pretax income | 6,127,000 | 11,330,000 | 18,045,000 | 23,778,000 |
| Income tax | 2,303,000 | 4,243,000 | 6,767,000 | 8,707,000 |
| Net income | 3,824,000 | 7,087,000 | 11,278,000 | 15,071,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 154,749,000 | 154,174,000 | 158,428,000 | 161,269,000 |
| Total capital | 167,986,000 | 167,749,000 | 172,419,000 | 175,542,000 |
| Risk-weighted assets | 1,338,488,000 | 1,342,327,000 | 1,362,488,000 | 1,408,949,000 |