Call reports 2020
MERCHANTS & MARINE BANK — 2020
What MERCHANTS & MARINE BANK 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 | 593,763,000 | 642,333,000 | 632,136,000 | 646,760,000 |
| Total loans | 315,690,000 | 351,223,000 | 348,644,000 | 363,570,000 |
| Allowance for loan losses | 3,351,000 | 3,829,000 | 3,936,000 | 4,161,000 |
| Securities available for sale | 122,439,000 | 104,697,000 | 99,885,000 | 106,706,000 |
| Securities held to maturity | 38,340,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 502,131,000 | 545,667,000 | 537,072,000 | 553,092,000 |
| Interest-bearing deposits | 393,270,000 | 397,064,000 | 380,562,000 | 404,391,000 |
| Noninterest-bearing deposits | 108,861,000 | 148,603,000 | 156,510,000 | 148,701,000 |
| Equity capital | 76,479,000 | 79,071,000 | 79,503,000 | 79,312,000 |
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 | 5,166,000 | 10,179,000 | 14,966,000 | 20,090,000 |
| Interest expense | 816,000 | 1,722,000 | 2,499,000 | 3,113,000 |
| Net interest income | 4,350,000 | 8,457,000 | 12,467,000 | 16,977,000 |
| Noninterest income | 1,215,000 | 2,244,000 | 3,329,000 | 5,182,000 |
| Noninterest expense | 4,628,000 | 8,986,000 | 13,580,000 | 19,160,000 |
| Provision for loan losses | 62,000 | 485,000 | 622,000 | 951,000 |
| Pretax income | 1,038,000 | 4,330,000 | 4,709,000 | 5,189,000 |
| Income tax | 187,000 | 816,000 | 904,000 | 1,078,000 |
| Net income | 851,000 | 3,514,000 | 3,805,000 | 4,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,810,000 | 79,007,000 | 78,833,000 | 76,799,000 |
| Total capital | 80,161,000 | 82,836,000 | 82,769,000 | 80,804,000 |
| Risk-weighted assets | 370,718,000 | 375,365,000 | 361,726,000 | 407,314,000 |