Call reports 2021
MERCHANTS BANK, NATIONAL ASSOCIATION — 2021
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,745,837,000 | 2,707,280,000 | 2,736,215,000 | 2,820,664,000 |
| Total loans | 1,771,016,000 | 1,681,637,000 | 1,621,726,000 | 1,631,838,000 |
| Allowance for loan losses | 31,599,000 | 29,895,000 | 29,026,000 | 28,650,000 |
| Securities available for sale | 122,235,000 | 153,742,000 | 153,618,000 | 193,644,000 |
| Securities held to maturity | 6,783,000 | 6,330,000 | 5,713,000 | 10,440,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,433,463,000 | 2,393,547,000 | 2,417,938,000 | 2,520,582,000 |
| Interest-bearing deposits | 1,830,126,000 | 1,804,923,000 | 1,804,430,000 | 1,897,580,000 |
| Noninterest-bearing deposits | 603,337,000 | 588,624,000 | 613,508,000 | 623,002,000 |
| Equity capital | 261,677,000 | 268,051,000 | 274,945,000 | 273,257,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 23,645,000 | 45,624,000 | 68,978,000 | 90,156,000 |
| Interest expense | 1,953,000 | 3,769,000 | 5,411,000 | 6,983,000 |
| Net interest income | 21,692,000 | 41,855,000 | 63,567,000 | 83,173,000 |
| Noninterest income | 9,455,000 | 17,269,000 | 23,952,000 | 29,551,000 |
| Noninterest expense | 17,010,000 | 34,220,000 | 52,459,000 | 71,097,000 |
| Provision for loan losses | 286,000 | -1,277,000 | -1,917,000 | -2,210,000 |
| Pretax income | 13,851,000 | 26,181,000 | 36,977,000 | 43,837,000 |
| Income tax | 3,741,000 | 7,066,000 | 9,945,000 | 11,671,000 |
| Net income | 10,110,000 | 19,115,000 | 27,032,000 | 32,166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 232,522,000 | 239,504,000 | 246,734,000 | 246,922,000 |
| Total capital | 255,499,000 | 262,454,000 | 270,341,000 | 270,634,000 |
| Risk-weighted assets | 1,829,382,000 | 1,829,059,000 | 1,883,211,000 | 1,892,001,000 |
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