Call reports 2008
MERCHANTS BANK OF COMMERCE — 2008
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 646,946,000 | 641,919,000 | 648,015,000 | 769,179,000 |
| Total loans | 508,286,000 | 508,413,000 | 507,461,000 | 522,697,000 |
| Allowance for loan losses | 5,776,000 | 4,978,000 | 6,090,000 | 8,391,000 |
| Securities available for sale | 62,090,000 | 66,728,000 | 74,863,000 | 131,756,000 |
| Securities held to maturity | 10,420,000 | 10,385,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 486,089,000 | 469,535,000 | 504,303,000 | 556,962,000 |
| Interest-bearing deposits | 412,576,000 | 399,751,000 | 422,883,000 | 475,294,000 |
| Noninterest-bearing deposits | 73,513,000 | 69,784,000 | 81,420,000 | 81,668,000 |
| Equity capital | 56,582,000 | 56,422,000 | 58,184,000 | 72,124,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 9,921,000 | 19,053,000 | 28,320,000 | 37,630,000 |
| Interest expense | 4,250,000 | 8,173,000 | 11,911,000 | 15,347,000 |
| Net interest income | 5,671,000 | 10,880,000 | 16,409,000 | 22,283,000 |
| Noninterest income | 273,000 | 733,000 | 1,251,000 | 1,025,000 |
| Noninterest expense | 3,458,000 | 6,958,000 | 10,465,000 | 14,163,000 |
| Provision for loan losses | 600,000 | 1,600,000 | 2,900,000 | 6,520,000 |
| Pretax income | 2,128,000 | 3,491,000 | 4,890,000 | 3,253,000 |
| Income tax | 591,000 | 835,000 | 1,197,000 | -40,000 |
| Net income | 1,537,000 | 2,656,000 | 3,693,000 | 3,293,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,883,000 | 57,325,000 | 59,583,000 | 72,205,000 |
| Total capital | 63,081,000 | 62,725,000 | 66,094,000 | 80,039,000 |
| Risk-weighted assets | 574,679,000 | 588,282,000 | 597,188,000 | 625,744,000 |
Machine access — free, no API key
Every figure shown here about MERCHANTS BANK OF COMMERCE — 2008 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.