Call reports 2013
MERCHANTS BANK OF COMMERCE — 2013
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 974,070,000 | 952,647,000 | 928,131,000 | 948,448,000 |
| Total loans | 612,916,000 | 617,733,000 | 594,844,000 | 598,298,000 |
| Allowance for loan losses | 11,350,000 | 13,133,000 | 13,542,000 | 14,172,000 |
| Securities available for sale | 221,846,000 | 218,495,000 | 209,642,000 | 216,640,000 |
| Securities held to maturity | 34,526,000 | 34,843,000 | 34,814,000 | 36,696,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 699,344,000 | 695,907,000 | 727,012,000 | 747,483,000 |
| Interest-bearing deposits | 585,893,000 | 581,286,000 | 597,225,000 | 612,309,000 |
| Noninterest-bearing deposits | 113,451,000 | 114,621,000 | 129,787,000 | 135,174,000 |
| Equity capital | 119,138,000 | 117,910,000 | 113,878,000 | 113,479,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 9,505,000 | 18,717,000 | 28,110,000 | 37,493,000 |
| Interest expense | 880,000 | 1,663,000 | 2,391,000 | 3,103,000 |
| Net interest income | 8,625,000 | 17,054,000 | 25,719,000 | 34,390,000 |
| Noninterest income | 652,000 | 1,179,000 | 1,585,000 | 2,118,000 |
| Noninterest expense | 5,397,000 | 10,505,000 | 16,226,000 | 21,743,000 |
| Provision for loan losses | 1,050,000 | 2,450,000 | 2,750,000 | 2,750,000 |
| Pretax income | 3,019,000 | 5,873,000 | 9,259,000 | 13,010,000 |
| Income tax | 778,000 | 1,521,000 | 2,966,000 | 4,399,000 |
| Net income | 2,241,000 | 4,352,000 | 6,293,000 | 8,611,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 119,467,000 | 119,089,000 | 117,806,000 | 117,354,000 |
| Total capital | 130,365,000 | 129,360,000 | 127,554,000 | 126,867,000 |
| Risk-weighted assets | 870,716,000 | 818,154,000 | 775,362,000 | 755,681,000 |