Call reports 2003
MERCHANTS BANK, NATIONAL ASSOCIATION — 2003
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 51,146,000 | 48,536,000 | 50,358,000 | 13,225,000 |
| Total loans | 29,834,000 | 32,530,000 | 33,000,000 | 9,038,000 |
| Allowance for loan losses | 466,000 | 472,000 | 479,000 | 127,000 |
| Securities available for sale | 11,472,000 | 10,783,000 | 10,020,000 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,693,000 | 43,741,000 | 45,255,000 | 4,166,000 |
| Interest-bearing deposits | 39,877,000 | 36,959,000 | 38,325,000 | 3,855,000 |
| Noninterest-bearing deposits | 6,816,000 | 6,782,000 | 6,930,000 | 310,000 |
| Equity capital | 4,261,000 | 4,503,000 | 4,806,000 | 3,353,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 715,000 | 1,432,000 | 2,136,000 | 2,258,000 |
| Interest expense | 141,000 | 254,000 | 343,000 | 353,000 |
| Net interest income | 574,000 | 1,178,000 | 1,793,000 | 1,905,000 |
| Noninterest income | 243,000 | 483,000 | 806,000 | 817,000 |
| Noninterest expense | 435,000 | 871,000 | 1,367,000 | 2,103,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 154,000 |
| Pretax income | 373,000 | 772,000 | 1,205,000 | 465,000 |
| Income tax | 145,000 | 303,000 | 472,000 | 172,000 |
| Net income | 228,000 | 469,000 | 733,000 | 293,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,118,000 | 4,368,000 | 4,733,000 | 3,353,000 |
| Total capital | 4,526,000 | 4,794,000 | 5,200,000 | 3,480,000 |
| Risk-weighted assets | 32,560,000 | 34,041,000 | 37,300,000 | 12,543,000 |