Call reports 2003
MERCHANTS BANK OF COMMERCE — 2003
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 370,114,000 | 386,612,000 | 408,689,000 | 400,986,000 |
| Total loans | 288,408,000 | 288,835,000 | 281,993,000 | 291,872,000 |
| Allowance for loan losses | 3,963,000 | 4,168,000 | 3,965,000 | 3,675,000 |
| Securities available for sale | 26,298,000 | 43,519,000 | 64,238,000 | 60,041,000 |
| Securities held to maturity | 2,138,000 | 1,812,000 | 1,619,000 | 1,391,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 315,921,000 | 330,943,000 | 342,702,000 | 328,304,000 |
| Interest-bearing deposits | 259,816,000 | 266,981,000 | 269,186,000 | 256,817,000 |
| Noninterest-bearing deposits | 56,105,000 | 63,962,000 | 73,516,000 | 71,487,000 |
| Equity capital | 33,077,000 | 34,194,000 | 33,285,000 | 34,629,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 4,807,000 | 9,528,000 | 14,388,000 | 19,337,000 |
| Interest expense | 1,240,000 | 2,384,000 | 3,436,000 | 4,401,000 |
| Net interest income | 3,567,000 | 7,144,000 | 10,952,000 | 14,936,000 |
| Noninterest income | 395,000 | 879,000 | 1,326,000 | 1,752,000 |
| Noninterest expense | 2,340,000 | 4,665,000 | 7,039,000 | 9,387,000 |
| Provision for loan losses | 177,000 | 375,000 | 415,000 | 515,000 |
| Pretax income | 1,468,000 | 3,059,000 | 4,912,000 | 6,874,000 |
| Income tax | 542,000 | 1,121,000 | 1,655,000 | 2,407,000 |
| Net income | 926,000 | 1,938,000 | 3,257,000 | 4,467,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,380,000 | 33,508,000 | 33,190,000 | 34,429,000 |
| Total capital | 36,142,000 | 37,332,000 | 37,075,000 | 38,335,000 |
| Risk-weighted assets | 300,754,000 | 305,590,000 | 310,457,000 | 312,465,000 |
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