Call reports 2019
MERCHANTS BANK, NATIONAL ASSOCIATION — 2019
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,733,063,000 | 1,795,053,000 | 1,854,320,000 | 1,864,126,000 |
| Total loans | 1,460,347,000 | 1,510,446,000 | 1,541,543,000 | 1,577,879,000 |
| Allowance for loan losses | 19,082,000 | 19,641,000 | 18,880,000 | 19,214,000 |
| Securities available for sale | 122,810,000 | 119,366,000 | 118,657,000 | 115,588,000 |
| Securities held to maturity | 11,835,000 | 11,311,000 | 10,726,000 | 10,279,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,458,526,000 | 1,478,560,000 | 1,594,714,000 | 1,611,642,000 |
| Interest-bearing deposits | 1,126,559,000 | 1,140,615,000 | 1,206,399,000 | 1,234,987,000 |
| Noninterest-bearing deposits | 331,967,000 | 337,945,000 | 388,316,000 | 376,655,000 |
| Equity capital | 220,384,000 | 225,654,000 | 196,513,000 | 199,922,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 19,609,000 | 41,082,000 | 62,496,000 | 84,628,000 |
| Interest expense | 2,633,000 | 5,610,000 | 8,699,000 | 11,807,000 |
| Net interest income | 16,976,000 | 35,472,000 | 53,797,000 | 72,821,000 |
| Noninterest income | 3,831,000 | 8,165,000 | 12,907,000 | 17,534,000 |
| Noninterest expense | 14,642,000 | 28,134,000 | 42,958,000 | 57,091,000 |
| Provision for loan losses | 665,000 | 1,638,000 | 1,687,000 | 2,180,000 |
| Pretax income | 5,500,000 | 13,865,000 | 22,059,000 | 31,096,000 |
| Income tax | 1,425,000 | 3,604,000 | 5,858,000 | 8,732,000 |
| Net income | 4,075,000 | 10,261,000 | 16,201,000 | 22,364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 206,966,000 | 211,152,000 | 181,492,000 | 184,804,000 |
| Total capital | 226,048,000 | 230,793,000 | 200,372,000 | 204,018,000 |
| Risk-weighted assets | 1,619,509,000 | 1,695,105,000 | 1,723,784,000 | 1,764,043,000 |
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