Call reports 2007
MERCHANTS BANK OF COMMERCE — 2007
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 575,284,000 | 600,825,000 | 611,023,000 | 612,645,000 |
| Total loans | 412,936,000 | 438,455,000 | 461,731,000 | 489,302,000 |
| Allowance for loan losses | 4,902,000 | 4,913,000 | 5,028,000 | 8,194,000 |
| Securities available for sale | 93,769,000 | 94,029,000 | 93,424,000 | 67,906,000 |
| Securities held to maturity | 10,673,000 | 10,637,000 | 10,592,000 | 10,559,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 437,609,000 | 442,788,000 | 473,262,000 | 474,841,000 |
| Interest-bearing deposits | 366,342,000 | 372,139,000 | 401,428,000 | 397,914,000 |
| Noninterest-bearing deposits | 71,267,000 | 70,649,000 | 71,834,000 | 76,927,000 |
| Equity capital | 55,088,000 | 55,069,000 | 55,097,000 | 55,589,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 9,746,000 | 20,076,000 | 30,713,000 | 41,068,000 |
| Interest expense | 4,243,000 | 8,845,000 | 13,629,000 | 18,189,000 |
| Net interest income | 5,503,000 | 11,231,000 | 17,084,000 | 22,879,000 |
| Noninterest income | 441,000 | 952,000 | 1,426,000 | 4,281,000 |
| Noninterest expense | 3,372,000 | 6,944,000 | 10,511,000 | 14,946,000 |
| Provision for loan losses | 0 | 0 | 112,000 | 3,276,000 |
| Pretax income | 2,618,000 | 5,285,000 | 7,933,000 | 8,984,000 |
| Income tax | 844,000 | 1,607,000 | 2,301,000 | 1,393,000 |
| Net income | 1,774,000 | 3,678,000 | 5,632,000 | 7,591,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,612,000 | 56,841,000 | 56,117,000 | 56,025,000 |
| Total capital | 60,936,000 | 62,176,000 | 61,566,000 | 63,061,000 |
| Risk-weighted assets | 499,928,000 | 527,531,000 | 548,286,000 | 561,295,000 |
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