Call reports 2014
MERCHANTS BANK OF COMMERCE — 2014
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 968,508,000 | 963,120,000 | 977,156,000 | 996,565,000 |
| Total loans | 607,368,000 | 619,622,000 | 649,879,000 | 661,055,000 |
| Allowance for loan losses | 9,748,000 | 9,882,000 | 10,400,000 | 10,820,000 |
| Securities available for sale | 204,010,000 | 188,686,000 | 189,379,000 | 186,986,000 |
| Securities held to maturity | 36,984,000 | 37,031,000 | 36,888,000 | 36,806,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 763,196,000 | 755,399,000 | 768,281,000 | 789,291,000 |
| Interest-bearing deposits | 630,421,000 | 619,599,000 | 615,836,000 | 631,478,000 |
| Noninterest-bearing deposits | 132,775,000 | 135,800,000 | 152,445,000 | 157,813,000 |
| Equity capital | 113,782,000 | 115,670,000 | 116,511,000 | 113,280,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 9,081,000 | 18,218,000 | 27,395,000 | 37,027,000 |
| Interest expense | 733,000 | 1,513,000 | 2,572,000 | 3,729,000 |
| Net interest income | 8,348,000 | 16,705,000 | 24,823,000 | 33,298,000 |
| Noninterest income | 208,000 | 2,327,000 | 2,939,000 | 3,505,000 |
| Noninterest expense | 6,002,000 | 11,972,000 | 17,923,000 | 24,353,000 |
| Provision for loan losses | 0 | 1,450,000 | 2,500,000 | 3,175,000 |
| Pretax income | 2,309,000 | 5,326,000 | 7,087,000 | 9,116,000 |
| Income tax | 188,000 | 747,000 | 1,011,000 | 1,580,000 |
| Net income | 2,121,000 | 4,579,000 | 6,076,000 | 7,536,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 115,880,000 | 116,909,000 | 117,286,000 | 113,640,000 |
| Total capital | 125,477,000 | 126,566,000 | 127,280,000 | 123,884,000 |
| Risk-weighted assets | 766,856,000 | 771,653,000 | 798,445,000 | 818,267,000 |