Call reports 2020
MERCHANTS BANK OF COMMERCE — 2020
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,454,680,000 | 1,711,238,000 | 1,739,269,000 | 1,763,328,000 |
| Total loans | 1,054,375,000 | 1,204,737,000 | 1,205,028,000 | 1,139,961,000 |
| Allowance for loan losses | 15,067,000 | 16,089,000 | 16,873,000 | 16,910,000 |
| Securities available for sale | 285,077,000 | 280,200,000 | 337,032,000 | 446,880,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,243,209,000 | 1,498,729,000 | 1,522,475,000 | 1,546,638,000 |
| Interest-bearing deposits | 823,072,000 | 972,556,000 | 976,071,000 | 1,001,747,000 |
| Noninterest-bearing deposits | 420,137,000 | 526,173,000 | 546,404,000 | 544,891,000 |
| Equity capital | 185,214,000 | 185,869,000 | 189,954,000 | 194,772,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 14,472,000 | 29,503,000 | 44,828,000 | 60,440,000 |
| Interest expense | 1,085,000 | 2,054,000 | 2,908,000 | 3,645,000 |
| Net interest income | 13,387,000 | 27,449,000 | 41,920,000 | 56,795,000 |
| Noninterest income | 741,000 | 1,585,000 | 2,468,000 | 3,442,000 |
| Noninterest expense | 9,610,000 | 17,687,000 | 25,912,000 | 34,258,000 |
| Provision for loan losses | 2,850,000 | 4,150,000 | 5,250,000 | 5,250,000 |
| Pretax income | 1,752,000 | 7,421,000 | 13,708,000 | 21,211,000 |
| Income tax | 329,000 | 1,650,000 | 3,150,000 | 5,116,000 |
| Net income | 1,423,000 | 5,771,000 | 10,558,000 | 16,095,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,132,000 | 163,740,000 | 167,804,000 | 172,612,000 |
| Total capital | 179,165,000 | 178,679,000 | 182,814,000 | 187,450,000 |
| Risk-weighted assets | 1,201,948,000 | 1,193,192,000 | 1,198,114,000 | 1,184,200,000 |