Call reports 2018
MERCHANTS BANK, NATIONAL ASSOCIATION — 2018
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,671,977,000 | 1,691,752,000 | 1,705,276,000 | 1,766,499,000 |
| Total loans | 1,375,739,000 | 1,395,547,000 | 1,404,952,000 | 1,443,629,000 |
| Allowance for loan losses | 19,038,000 | 18,366,000 | 18,361,000 | 18,469,000 |
| Securities available for sale | 137,493,000 | 131,347,000 | 129,157,000 | 125,608,000 |
| Securities held to maturity | 12,324,000 | 11,479,000 | 12,813,000 | 12,414,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,405,407,000 | 1,382,761,000 | 1,411,630,000 | 1,437,349,000 |
| Interest-bearing deposits | 1,089,142,000 | 1,062,451,000 | 1,075,306,000 | 1,084,686,000 |
| Noninterest-bearing deposits | 316,265,000 | 320,310,000 | 336,324,000 | 352,663,000 |
| Equity capital | 204,144,000 | 207,132,000 | 211,075,000 | 215,235,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 17,326,000 | 35,640,000 | 54,514,000 | 73,789,000 |
| Interest expense | 1,428,000 | 3,153,000 | 5,242,000 | 7,564,000 |
| Net interest income | 15,898,000 | 32,487,000 | 49,272,000 | 66,225,000 |
| Noninterest income | 4,182,000 | 8,454,000 | 13,131,000 | 18,412,000 |
| Noninterest expense | 13,647,000 | 26,914,000 | 41,202,000 | 54,915,000 |
| Provision for loan losses | 307,000 | 103,000 | 354,000 | 811,000 |
| Pretax income | 6,126,000 | 13,924,000 | 20,847,000 | 28,911,000 |
| Income tax | 1,605,000 | 3,651,000 | 5,463,000 | 7,261,000 |
| Net income | 4,521,000 | 10,273,000 | 15,384,000 | 21,650,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 191,378,000 | 194,859,000 | 199,347,000 | 202,891,000 |
| Total capital | 210,416,000 | 213,225,000 | 217,708,000 | 221,360,000 |
| Risk-weighted assets | 1,541,578,000 | 1,574,858,000 | 1,611,590,000 | 1,629,638,000 |
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