Call reports 2004
MERCHANTS BANK, NATIONAL ASSOCIATION — 2004
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 14,202,000 | 21,398,000 | 22,925,000 | 24,752,000 |
| Total loans | 10,545,000 | 14,484,000 | 15,497,000 | 17,338,000 |
| Allowance for loan losses | 138,000 | 141,000 | 144,000 | 281,000 |
| Securities available for sale | 0 | 2,982,000 | 2,969,000 | 2,868,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,938,000 | 11,638,000 | 14,335,000 | 18,529,000 |
| Interest-bearing deposits | 8,336,000 | 10,337,000 | 12,804,000 | 16,820,000 |
| Noninterest-bearing deposits | 602,000 | 1,300,000 | 1,531,000 | 1,710,000 |
| Equity capital | 3,246,000 | 3,180,000 | 3,183,000 | 3,031,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 140,000 | 335,000 | 610,000 | 911,000 |
| Interest expense | 47,000 | 110,000 | 200,000 | 308,000 |
| Net interest income | 93,000 | 225,000 | 410,000 | 603,000 |
| Noninterest income | 33,000 | 77,000 | 93,000 | 139,000 |
| Noninterest expense | 273,000 | 535,000 | 796,000 | 1,184,000 |
| Provision for loan losses | 11,000 | 14,000 | 17,000 | 155,000 |
| Pretax income | -158,000 | -247,000 | -310,000 | -597,000 |
| Income tax | -51,000 | -82,000 | -103,000 | -236,000 |
| Net income | -107,000 | -165,000 | -207,000 | -361,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,246,000 | 3,188,000 | 3,146,000 | 3,005,000 |
| Total capital | 3,384,000 | 3,329,000 | 3,290,000 | 3,265,000 |
| Risk-weighted assets | 13,579,000 | 18,255,000 | 19,091,000 | 20,745,000 |