Call reports 2017
MERCHANTS BANK, NATIONAL ASSOCIATION — 2017
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,616,920,000 | 1,673,905,000 | 1,655,041,000 | 1,656,476,000 |
| Total loans | 1,336,165,000 | 1,384,170,000 | 1,378,690,000 | 1,376,209,000 |
| Allowance for loan losses | 18,237,000 | 18,503,000 | 20,133,000 | 18,796,000 |
| Securities available for sale | 143,115,000 | 136,545,000 | 133,609,000 | 135,529,000 |
| Securities held to maturity | 10,301,000 | 9,923,000 | 9,380,000 | 11,811,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,348,096,000 | 1,356,567,000 | 1,373,312,000 | 1,401,176,000 |
| Interest-bearing deposits | 1,032,312,000 | 1,034,829,000 | 1,033,279,000 | 1,067,604,000 |
| Noninterest-bearing deposits | 315,784,000 | 321,738,000 | 340,033,000 | 333,572,000 |
| Equity capital | 191,196,000 | 191,494,000 | 194,070,000 | 203,931,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 16,041,000 | 33,399,000 | 51,374,000 | 68,947,000 |
| Interest expense | 1,138,000 | 2,436,000 | 3,808,000 | 5,110,000 |
| Net interest income | 14,903,000 | 30,963,000 | 47,566,000 | 63,837,000 |
| Noninterest income | 3,407,000 | 7,394,000 | 11,279,000 | 15,303,000 |
| Noninterest expense | 12,950,000 | 24,818,000 | 38,370,000 | 50,242,000 |
| Provision for loan losses | 1,492,000 | 2,839,000 | 4,669,000 | 3,554,000 |
| Pretax income | 3,868,000 | 10,700,000 | 15,806,000 | 25,344,000 |
| Income tax | 1,390,000 | 3,974,000 | 5,851,000 | 2,860,000 |
| Net income | 2,478,000 | 6,726,000 | 9,955,000 | 22,484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 176,490,000 | 176,145,000 | 178,981,000 | 189,654,000 |
| Total capital | 194,727,000 | 194,648,000 | 197,914,000 | 208,450,000 |
| Risk-weighted assets | 1,519,641,000 | 1,521,819,000 | 1,513,440,000 | 1,552,392,000 |