Call reports 2015
MERCHANTS BANK OF COMMERCE — 2015
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 985,030,000 | 983,894,000 | 990,820,000 | 1,016,422,000 |
| Total loans | 699,544,000 | 700,178,000 | 719,251,000 | 717,509,000 |
| Allowance for loan losses | 11,296,000 | 11,402,000 | 10,891,000 | 11,180,000 |
| Securities available for sale | 166,890,000 | 160,763,000 | 157,309,000 | 159,030,000 |
| Securities held to maturity | 36,609,000 | 36,655,000 | 36,093,000 | 35,899,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 762,901,000 | 760,958,000 | 780,434,000 | 804,715,000 |
| Interest-bearing deposits | 611,921,000 | 608,400,000 | 617,068,000 | 634,228,000 |
| Noninterest-bearing deposits | 150,980,000 | 152,558,000 | 163,366,000 | 170,487,000 |
| Equity capital | 114,901,000 | 116,003,000 | 118,126,000 | 119,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 9,634,000 | 19,705,000 | 29,547,000 | 39,377,000 |
| Interest expense | 1,110,000 | 2,229,000 | 3,459,000 | 4,716,000 |
| Net interest income | 8,524,000 | 17,476,000 | 26,088,000 | 34,661,000 |
| Noninterest income | 570,000 | 1,117,000 | 1,715,000 | 2,275,000 |
| Noninterest expense | 6,511,000 | 12,528,000 | 17,982,000 | 24,503,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,798,000 | 6,341,000 | 10,234,000 | 12,876,000 |
| Income tax | 830,000 | 1,793,000 | 2,957,000 | 3,462,000 |
| Net income | 1,968,000 | 4,548,000 | 7,277,000 | 9,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 113,969,000 | 115,939,000 | 118,047,000 | 119,979,000 |
| Total capital | 124,907,000 | 126,878,000 | 129,239,000 | 131,257,000 |
| Risk-weighted assets | 873,601,000 | 873,541,000 | 894,549,000 | 901,561,000 |