Call reports 2001
MERCHANTS BANK, NATIONAL ASSOCIATION — 2001
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 42,446,000 | 43,122,000 | 46,691,000 | 49,210,000 |
| Total loans | 27,238,000 | 27,661,000 | 29,752,000 | 29,188,000 |
| Allowance for loan losses | 336,000 | 339,000 | 338,000 | 374,000 |
| Securities available for sale | 9,809,000 | 9,284,000 | 8,784,000 | 8,123,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,109,000 | 38,681,000 | 42,153,000 | 44,721,000 |
| Interest-bearing deposits | 32,176,000 | 32,770,000 | 36,467,000 | 37,679,000 |
| Noninterest-bearing deposits | 5,933,000 | 5,912,000 | 5,686,000 | 7,041,000 |
| Equity capital | 3,347,000 | 3,531,000 | 3,785,000 | 3,945,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 826,000 | 1,648,000 | 2,475,000 | 3,289,000 |
| Interest expense | 341,000 | 636,000 | 937,000 | 1,181,000 |
| Net interest income | 485,000 | 1,012,000 | 1,538,000 | 2,108,000 |
| Noninterest income | 136,000 | 277,000 | 399,000 | 572,000 |
| Noninterest expense | 370,000 | 723,000 | 1,086,000 | 1,437,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 52,000 |
| Pretax income | 248,000 | 560,000 | 842,000 | 1,191,000 |
| Income tax | 94,000 | 214,000 | 322,000 | 454,000 |
| Net income | 154,000 | 346,000 | 520,000 | 737,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,296,000 | 3,490,000 | 3,664,000 | 3,886,000 |
| Total capital | 3,632,000 | 3,829,000 | 4,002,000 | 4,260,000 |
| Risk-weighted assets | 29,228,000 | 29,617,000 | 31,826,000 | 31,515,000 |