Call reports 2002
MERCHANTS BANK, NATIONAL ASSOCIATION — 2002
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 46,722,000 | 47,025,000 | 49,735,000 | 52,626,000 |
| Total loans | 29,201,000 | 29,278,000 | 30,962,000 | 31,004,000 |
| Allowance for loan losses | 380,000 | 385,000 | 382,000 | 456,000 |
| Securities available for sale | 7,100,000 | 8,240,000 | 9,891,000 | 9,507,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,821,000 | 42,700,000 | 44,920,000 | 48,134,000 |
| Interest-bearing deposits | 37,122,000 | 36,622,000 | 37,512,000 | 40,131,000 |
| Noninterest-bearing deposits | 5,699,000 | 6,078,000 | 7,408,000 | 8,003,000 |
| Equity capital | 3,350,000 | 3,620,000 | 3,918,000 | 4,095,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 734,000 | 1,470,000 | 2,234,000 | 3,009,000 |
| Interest expense | 210,000 | 388,000 | 556,000 | 722,000 |
| Net interest income | 524,000 | 1,082,000 | 1,678,000 | 2,287,000 |
| Noninterest income | 122,000 | 259,000 | 431,000 | 718,000 |
| Noninterest expense | 402,000 | 805,000 | 1,198,000 | 1,640,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 150,000 |
| Pretax income | 238,000 | 524,000 | 893,000 | 1,219,000 |
| Income tax | 91,000 | 202,000 | 345,000 | 465,000 |
| Net income | 147,000 | 322,000 | 548,000 | 754,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,309,000 | 3,485,000 | 3,694,000 | 3,901,000 |
| Total capital | 3,689,000 | 3,870,000 | 4,076,000 | 4,317,000 |
| Risk-weighted assets | 30,810,000 | 31,033,000 | 32,820,000 | 33,200,000 |
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