Call reports 2017
MERCHANTS BANK OF COMMERCE — 2017
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,142,942,000 | 1,213,021,000 | 1,232,460,000 | 1,269,638,000 |
| Total loans | 811,640,000 | 816,929,000 | 826,644,000 | 881,545,000 |
| Allowance for loan losses | 11,641,000 | 11,688,000 | 11,692,000 | 11,925,000 |
| Securities available for sale | 181,534,000 | 209,609,000 | 232,494,000 | 267,954,000 |
| Securities held to maturity | 31,257,000 | 31,329,000 | 30,724,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,005,347,000 | 1,073,455,000 | 1,088,528,000 | 1,126,716,000 |
| Interest-bearing deposits | 734,078,000 | 742,666,000 | 745,971,000 | 797,082,000 |
| Noninterest-bearing deposits | 271,269,000 | 330,789,000 | 342,557,000 | 329,634,000 |
| Equity capital | 124,636,000 | 127,332,000 | 130,764,000 | 130,658,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 10,917,000 | 22,290,000 | 34,133,000 | 46,258,000 |
| Interest expense | 724,000 | 1,503,000 | 2,318,000 | 3,135,000 |
| Net interest income | 10,193,000 | 20,787,000 | 31,815,000 | 43,123,000 |
| Noninterest income | 1,341,000 | 2,246,000 | 3,252,000 | 4,505,000 |
| Noninterest expense | 7,857,000 | 15,347,000 | 22,598,000 | 30,347,000 |
| Provision for loan losses | 200,000 | 500,000 | 500,000 | 950,000 |
| Pretax income | 3,543,000 | 7,287,000 | 12,108,000 | 16,468,000 |
| Income tax | 763,000 | 1,698,000 | 3,125,000 | 6,928,000 |
| Net income | 2,780,000 | 5,589,000 | 8,983,000 | 9,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,470,000 | 124,302,000 | 127,819,000 | 129,139,000 |
| Total capital | 134,634,000 | 136,574,000 | 140,206,000 | 141,759,000 |
| Risk-weighted assets | 972,845,000 | 981,507,000 | 992,773,000 | 1,026,198,000 |