Call reports 2004
MERCHANTS BANK OF COMMERCE — 2004
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 394,541,000 | 409,683,000 | 428,364,000 | 438,362,000 |
| Total loans | 292,521,000 | 291,504,000 | 310,263,000 | 322,667,000 |
| Allowance for loan losses | 3,869,000 | 3,618,000 | 3,732,000 | 3,867,000 |
| Securities available for sale | 55,633,000 | 74,257,000 | 78,475,000 | 82,443,000 |
| Securities held to maturity | 769,000 | 567,000 | 490,000 | 449,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 316,969,000 | 332,803,000 | 353,515,000 | 354,345,000 |
| Interest-bearing deposits | 253,101,000 | 259,495,000 | 273,314,000 | 271,366,000 |
| Noninterest-bearing deposits | 63,868,000 | 73,308,000 | 80,201,000 | 82,979,000 |
| Equity capital | 36,378,000 | 36,475,000 | 39,158,000 | 38,703,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 4,914,000 | 9,957,000 | 15,276,000 | 21,055,000 |
| Interest expense | 925,000 | 1,812,000 | 2,783,000 | 3,877,000 |
| Net interest income | 3,989,000 | 8,145,000 | 12,493,000 | 17,178,000 |
| Noninterest income | 469,000 | 915,000 | 1,406,000 | 1,947,000 |
| Noninterest expense | 2,418,000 | 4,873,000 | 7,426,000 | 10,176,000 |
| Provision for loan losses | 192,000 | 289,000 | 420,000 | 593,000 |
| Pretax income | 1,848,000 | 3,898,000 | 6,053,000 | 8,356,000 |
| Income tax | 650,000 | 1,328,000 | 2,121,000 | 2,895,000 |
| Net income | 1,198,000 | 2,570,000 | 3,932,000 | 5,461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,721,000 | 37,150,000 | 39,083,000 | 38,683,000 |
| Total capital | 39,854,000 | 41,032,000 | 43,079,000 | 42,853,000 |
| Risk-weighted assets | 331,424,000 | 335,049,000 | 354,461,000 | 371,149,000 |
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