Call reports 2021
MERCHANTS BANK OF COMMERCE — 2021
What MERCHANTS BANK OF COMMERCE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Total assets | 1,828,476,000 | 1,916,500,000 | 1,950,857,000 |
| Total loans | 1,146,085,000 | 1,091,296,000 | 1,070,064,000 |
| Allowance for loan losses | 17,027,000 | 17,194,000 | 17,196,000 |
| Securities available for sale | 517,375,000 | 579,664,000 | 654,708,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 1,618,052,000 | 1,700,446,000 | 1,739,007,000 |
| Interest-bearing deposits | 1,010,402,000 | 1,069,427,000 | 1,064,919,000 |
| Noninterest-bearing deposits | 607,650,000 | 631,019,000 | 674,088,000 |
| Equity capital | 194,459,000 | 200,163,000 | 196,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Interest income | 15,331,000 | 30,185,000 | 44,998,000 |
| Interest expense | 639,000 | 1,218,000 | 1,739,000 |
| Net interest income | 14,692,000 | 28,967,000 | 43,259,000 |
| Noninterest income | 1,121,000 | 2,128,000 | 3,141,000 |
| Noninterest expense | 8,694,000 | 16,941,000 | 26,520,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 7,126,000 | 14,225,000 | 20,046,000 |
| Income tax | 1,764,000 | 3,441,000 | 3,973,000 |
| Net income | 5,362,000 | 10,784,000 | 16,073,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Tier 1 capital | 177,160,000 | 181,361,000 | 181,721,000 |
| Total capital | 192,556,000 | 197,042,000 | 197,556,000 |
| Risk-weighted assets | 1,229,239,000 | 1,252,107,000 | 1,264,669,000 |