Call reports 2011
MERCHANTS BANK OF COMMERCE — 2011
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 906,527,000 | 855,812,000 | 908,521,000 | 922,949,000 |
| Total loans | 619,258,000 | 615,047,000 | 653,104,000 | 638,926,000 |
| Allowance for loan losses | 13,571,000 | 13,325,000 | 10,590,000 | 10,622,000 |
| Securities available for sale | 185,767,000 | 162,234,000 | 165,754,000 | 203,524,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 633,132,000 | 629,395,000 | 656,152,000 | 671,606,000 |
| Interest-bearing deposits | 540,246,000 | 537,788,000 | 551,152,000 | 551,426,000 |
| Noninterest-bearing deposits | 92,886,000 | 91,607,000 | 105,000,000 | 120,180,000 |
| Equity capital | 109,571,000 | 112,617,000 | 117,346,000 | 118,705,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 10,766,000 | 21,178,000 | 31,379,000 | 41,507,000 |
| Interest expense | 1,972,000 | 3,842,000 | 5,555,000 | 7,130,000 |
| Net interest income | 8,794,000 | 17,336,000 | 25,824,000 | 34,377,000 |
| Noninterest income | 361,000 | 265,000 | 694,000 | 1,481,000 |
| Noninterest expense | 4,424,000 | 8,887,000 | 13,339,000 | 18,432,000 |
| Provision for loan losses | 2,400,000 | 4,980,000 | 7,230,000 | 9,030,000 |
| Pretax income | 2,589,000 | 4,647,000 | 7,394,000 | 9,946,000 |
| Income tax | 688,000 | 1,034,000 | 1,939,000 | 2,443,000 |
| Net income | 1,901,000 | 3,613,000 | 5,455,000 | 7,503,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,655,000 | 110,365,000 | 114,759,000 | 116,823,000 |
| Total capital | 117,896,000 | 119,181,000 | 124,217,000 | 126,933,000 |
| Risk-weighted assets | 734,533,000 | 700,338,000 | 755,037,000 | 807,877,000 |