Call reports 2016
MERCHANTS BANK OF COMMERCE — 2016
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,077,595,000 | 1,072,297,000 | 1,111,733,000 | 1,141,338,000 |
| Total loans | 725,228,000 | 755,168,000 | 780,174,000 | 805,535,000 |
| Allowance for loan losses | 11,495,000 | 11,864,000 | 11,849,000 | 11,544,000 |
| Securities available for sale | 174,251,000 | 157,905,000 | 156,440,000 | 175,174,000 |
| Securities held to maturity | 35,357,000 | 35,415,000 | 31,771,000 | 31,187,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 938,626,000 | 938,261,000 | 976,239,000 | 1,005,158,000 |
| Interest-bearing deposits | 724,907,000 | 713,089,000 | 721,058,000 | 734,268,000 |
| Noninterest-bearing deposits | 213,719,000 | 225,172,000 | 255,181,000 | 270,890,000 |
| Equity capital | 119,762,000 | 121,406,000 | 123,055,000 | 122,707,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 9,992,000 | 20,347,000 | 30,777,000 | 41,645,000 |
| Interest expense | 1,249,000 | 1,937,000 | 2,643,000 | 3,369,000 |
| Net interest income | 8,743,000 | 18,410,000 | 28,134,000 | 38,276,000 |
| Noninterest income | 634,000 | 1,485,000 | 2,343,000 | 3,201,000 |
| Noninterest expense | 9,727,000 | 17,761,000 | 24,809,000 | 32,497,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -256,000 | 2,256,000 | 5,860,000 | 9,224,000 |
| Income tax | 212,000 | 642,000 | 1,386,000 | 1,958,000 |
| Net income | -468,000 | 1,614,000 | 4,474,000 | 7,266,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 116,719,000 | 117,930,000 | 119,834,000 | 121,071,000 |
| Total capital | 127,896,000 | 129,459,000 | 131,713,000 | 133,310,000 |
| Risk-weighted assets | 893,094,000 | 921,236,000 | 949,615,000 | 984,030,000 |