Call reports 2019
MERCHANTS BANK OF COMMERCE — 2019
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,470,768,000 | 1,441,262,000 | 1,471,733,000 | 1,477,947,000 |
| Total loans | 1,036,598,000 | 1,038,730,000 | 1,035,062,000 | 1,035,065,000 |
| Allowance for loan losses | 12,242,000 | 12,445,000 | 12,285,000 | 12,232,000 |
| Securities available for sale | 294,117,000 | 285,820,000 | 272,341,000 | 286,950,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,253,045,000 | 1,238,666,000 | 1,266,528,000 | 1,272,985,000 |
| Interest-bearing deposits | 862,598,000 | 838,170,000 | 849,730,000 | 834,491,000 |
| Noninterest-bearing deposits | 390,447,000 | 400,496,000 | 416,798,000 | 438,494,000 |
| Equity capital | 180,677,000 | 185,449,000 | 188,194,000 | 188,459,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 14,545,000 | 29,793,000 | 45,121,000 | 60,057,000 |
| Interest expense | 1,071,000 | 2,392,000 | 3,582,000 | 4,796,000 |
| Net interest income | 13,474,000 | 27,401,000 | 41,539,000 | 55,261,000 |
| Noninterest income | 911,000 | 1,921,000 | 2,856,000 | 3,755,000 |
| Noninterest expense | 10,654,000 | 20,029,000 | 28,131,000 | 36,363,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,823,000 | 9,418,000 | 16,401,000 | 22,839,000 |
| Income tax | 832,000 | 2,172,000 | 3,958,000 | 5,503,000 |
| Net income | 2,991,000 | 7,246,000 | 12,443,000 | 17,336,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,538,000 | 166,505,000 | 169,215,000 | 170,568,000 |
| Total capital | 177,375,000 | 179,545,000 | 182,195,000 | 183,494,000 |
| Risk-weighted assets | 1,176,748,000 | 1,183,407,000 | 1,187,441,000 | 1,185,729,000 |