Call reports 2018
MERCHANTS BANK OF COMMERCE — 2018
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,245,130,000 | 1,282,306,000 | 1,315,920,000 | 1,306,702,000 |
| Total loans | 902,134,000 | 938,579,000 | 929,237,000 | 948,178,000 |
| Allowance for loan losses | 12,295,000 | 12,388,000 | 12,392,000 | 12,292,000 |
| Securities available for sale | 255,917,000 | 247,639,000 | 239,633,000 | 256,928,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,072,584,000 | 1,076,210,000 | 1,164,545,000 | 1,151,141,000 |
| Interest-bearing deposits | 746,770,000 | 738,182,000 | 783,246,000 | 784,518,000 |
| Noninterest-bearing deposits | 325,814,000 | 338,028,000 | 381,299,000 | 366,623,000 |
| Equity capital | 130,524,000 | 134,133,000 | 138,221,000 | 143,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 12,608,000 | 25,690,000 | 39,222,000 | 53,168,000 |
| Interest expense | 822,000 | 1,856,000 | 2,791,000 | 3,694,000 |
| Net interest income | 11,786,000 | 23,834,000 | 36,431,000 | 49,474,000 |
| Noninterest income | 919,000 | 1,841,000 | 2,734,000 | 3,723,000 |
| Noninterest expense | 7,869,000 | 15,358,000 | 22,792,000 | 30,696,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 4,873,000 | 10,357,000 | 16,414,000 | 22,545,000 |
| Income tax | 1,053,000 | 2,306,000 | 3,710,000 | 3,629,000 |
| Net income | 3,820,000 | 8,051,000 | 12,704,000 | 18,916,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,293,000 | 135,653,000 | 140,436,000 | 144,245,000 |
| Total capital | 144,283,000 | 148,736,000 | 153,523,000 | 157,232,000 |
| Risk-weighted assets | 1,040,220,000 | 1,083,943,000 | 1,068,865,000 | 1,090,087,000 |