Call reports 2010
MERCHANTS BANK OF COMMERCE — 2010
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 823,317,000 | 921,927,000 | 915,924,000 | 923,832,000 |
| Total loans | 622,609,000 | 637,272,000 | 648,713,000 | 635,823,000 |
| Allowance for loan losses | 12,158,000 | 12,728,000 | 15,413,000 | 12,802,000 |
| Securities available for sale | 77,621,000 | 176,051,000 | 166,975,000 | 189,285,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 623,747,000 | 651,698,000 | 647,655,000 | 655,802,000 |
| Interest-bearing deposits | 553,831,000 | 576,985,000 | 549,418,000 | 557,677,000 |
| Noninterest-bearing deposits | 69,916,000 | 74,713,000 | 98,237,000 | 98,125,000 |
| Equity capital | 102,408,000 | 104,367,000 | 107,187,000 | 106,239,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 10,162,000 | 20,738,000 | 31,757,000 | 42,424,000 |
| Interest expense | 2,360,000 | 4,528,000 | 6,682,000 | 8,760,000 |
| Net interest income | 7,802,000 | 16,210,000 | 25,075,000 | 33,664,000 |
| Noninterest income | 303,000 | -400,000 | 1,685,000 | 2,165,000 |
| Noninterest expense | 4,223,000 | 7,973,000 | 12,402,000 | 16,420,000 |
| Provision for loan losses | 2,250,000 | 3,850,000 | 8,300,000 | 12,850,000 |
| Pretax income | 2,563,000 | 5,051,000 | 7,301,000 | 8,540,000 |
| Income tax | 744,000 | 1,370,000 | 2,079,000 | 2,042,000 |
| Net income | 1,819,000 | 3,681,000 | 5,222,000 | 6,498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,055,000 | 103,924,000 | 105,470,000 | 106,747,000 |
| Total capital | 110,808,000 | 113,147,000 | 114,921,000 | 116,791,000 |
| Risk-weighted assets | 696,371,000 | 733,882,000 | 749,711,000 | 800,329,000 |