Call reports 2020
MERCHANTS BANK, NATIONAL ASSOCIATION — 2020
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,896,341,000 | 2,415,150,000 | 2,613,322,000 | 2,493,270,000 |
| Total loans | 1,569,887,000 | 1,915,873,000 | 1,891,974,000 | 1,814,351,000 |
| Allowance for loan losses | 20,299,000 | 25,291,000 | 28,046,000 | 31,620,000 |
| Securities available for sale | 109,288,000 | 118,945,000 | 110,317,000 | 114,108,000 |
| Securities held to maturity | 9,584,000 | 8,579,000 | 9,324,000 | 8,539,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,632,393,000 | 2,108,650,000 | 2,308,379,000 | 2,193,778,000 |
| Interest-bearing deposits | 1,243,886,000 | 1,533,740,000 | 1,725,322,000 | 1,635,954,000 |
| Noninterest-bearing deposits | 388,507,000 | 574,910,000 | 583,057,000 | 557,824,000 |
| Equity capital | 203,757,000 | 243,734,000 | 249,596,000 | 252,151,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 20,894,000 | 46,211,000 | 69,540,000 | 95,168,000 |
| Interest expense | 3,033,000 | 6,345,000 | 9,135,000 | 11,608,000 |
| Net interest income | 17,861,000 | 39,866,000 | 60,405,000 | 83,560,000 |
| Noninterest income | 3,766,000 | 12,642,000 | 22,480,000 | 30,653,000 |
| Noninterest expense | 14,695,000 | 33,414,000 | 50,733,000 | 68,718,000 |
| Provision for loan losses | 907,000 | 5,935,000 | 9,678,000 | 13,362,000 |
| Pretax income | 6,025,000 | 13,159,000 | 22,473,000 | 32,133,000 |
| Income tax | 1,602,000 | 3,501,000 | 5,982,000 | 8,531,000 |
| Net income | 4,423,000 | 9,658,000 | 16,491,000 | 23,602,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 189,325,000 | 213,305,000 | 219,463,000 | 222,262,000 |
| Total capital | 209,624,000 | 236,818,000 | 242,819,000 | 245,421,000 |
| Risk-weighted assets | 1,754,035,000 | 1,879,159,000 | 1,863,808,000 | 1,844,153,000 |