Call reports 2022
MERCHANTS BANK, NATIONAL ASSOCIATION — 2022
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,821,217,000 | 2,646,872,000 | 2,608,147,000 | 2,576,574,000 |
| Total loans | 1,622,246,000 | 1,692,173,000 | 1,799,931,000 | 1,884,384,000 |
| Allowance for loan losses | 27,080,000 | 27,230,000 | 26,600,000 | 26,110,000 |
| Securities available for sale | 208,486,000 | 222,517,000 | 244,925,000 | 275,131,000 |
| Securities held to maturity | 26,183,000 | 39,371,000 | 37,984,000 | 37,070,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,524,550,000 | 2,342,693,000 | 2,302,602,000 | 2,259,993,000 |
| Interest-bearing deposits | 1,912,958,000 | 1,722,836,000 | 1,658,349,000 | 1,621,956,000 |
| Noninterest-bearing deposits | 611,593,000 | 619,857,000 | 644,252,000 | 638,038,000 |
| Equity capital | 272,695,000 | 271,465,000 | 275,358,000 | 281,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 21,306,000 | 43,678,000 | 68,955,000 | 96,915,000 |
| Interest expense | 1,369,000 | 2,483,000 | 3,716,000 | 6,368,000 |
| Net interest income | 19,937,000 | 41,195,000 | 65,239,000 | 90,547,000 |
| Noninterest income | 5,191,000 | 10,087,000 | 15,296,000 | 21,083,000 |
| Noninterest expense | 15,869,000 | 32,195,000 | 49,793,000 | 69,365,000 |
| Provision for loan losses | -1,596,000 | -1,390,000 | -1,886,000 | -2,276,000 |
| Pretax income | 10,855,000 | 20,477,000 | 32,628,000 | 44,541,000 |
| Income tax | 2,922,000 | 5,489,000 | 8,724,000 | 11,557,000 |
| Net income | 7,933,000 | 14,988,000 | 23,904,000 | 32,984,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 253,400,000 | 258,087,000 | 264,714,000 | 270,910,000 |
| Total capital | 277,336,000 | 283,191,000 | 291,314,000 | 297,020,000 |
| Risk-weighted assets | 1,911,697,000 | 2,006,190,000 | 2,167,196,000 | 2,250,913,000 |
Machine access — free, no API key
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