Call reports 2016
MERCHANTS BANK, NATIONAL ASSOCIATION — 2016
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,589,770,000 | 1,651,520,000 | 1,651,880,000 | 1,620,732,000 |
| Total loans | 1,278,940,000 | 1,345,074,000 | 1,361,906,000 | 1,348,665,000 |
| Allowance for loan losses | 15,210,000 | 15,940,000 | 17,024,000 | 16,835,000 |
| Securities available for sale | 172,283,000 | 153,539,000 | 142,680,000 | 130,560,000 |
| Securities held to maturity | 6,936,000 | 11,532,000 | 11,221,000 | 10,731,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,325,546,000 | 1,288,819,000 | 1,330,994,000 | 1,352,644,000 |
| Interest-bearing deposits | 1,035,844,000 | 1,005,647,000 | 1,014,238,000 | 1,031,791,000 |
| Noninterest-bearing deposits | 289,702,000 | 283,172,000 | 316,756,000 | 320,853,000 |
| Equity capital | 181,248,000 | 183,839,000 | 187,601,000 | 188,412,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 16,342,000 | 33,392,000 | 50,649,000 | 67,792,000 |
| Interest expense | 1,090,000 | 2,198,000 | 3,328,000 | 4,419,000 |
| Net interest income | 15,252,000 | 31,194,000 | 47,321,000 | 63,373,000 |
| Noninterest income | 3,998,000 | 7,148,000 | 11,299,000 | 15,958,000 |
| Noninterest expense | 12,582,000 | 25,555,000 | 38,755,000 | 51,578,000 |
| Provision for loan losses | 1,068,000 | 1,895,000 | 3,135,000 | 3,227,000 |
| Pretax income | 5,600,000 | 11,242,000 | 17,080,000 | 24,876,000 |
| Income tax | 2,052,000 | 4,132,000 | 6,275,000 | 9,035,000 |
| Net income | 3,548,000 | 7,110,000 | 10,805,000 | 15,841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,619,000 | 167,018,000 | 170,801,000 | 174,072,000 |
| Total capital | 179,829,000 | 182,958,000 | 187,825,000 | 190,907,000 |
| Risk-weighted assets | 1,426,402,000 | 1,489,066,000 | 1,503,577,000 | 1,490,312,000 |