Call reports 2005
MERCHANTS BANK, NATIONAL ASSOCIATION — 2005
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 23,503,000 | 24,632,000 | 25,269,000 | 28,875,000 |
| Total loans | 16,423,000 | 17,770,000 | 18,300,000 | 21,924,000 |
| Allowance for loan losses | 269,000 | 272,000 | 275,000 | 285,000 |
| Securities available for sale | 2,704,000 | 2,609,000 | 2,469,000 | 2,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,918,000 | 19,988,000 | 21,652,000 | 23,921,000 |
| Interest-bearing deposits | 17,595,000 | 18,555,000 | 20,267,000 | 22,173,000 |
| Noninterest-bearing deposits | 1,323,000 | 1,432,000 | 1,385,000 | 1,748,000 |
| Equity capital | 2,893,000 | 2,821,000 | 2,753,000 | 3,592,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 284,000 | 582,000 | 908,000 | 1,276,000 |
| Interest expense | 112,000 | 234,000 | 367,000 | 531,000 |
| Net interest income | 172,000 | 348,000 | 541,000 | 745,000 |
| Noninterest income | 21,000 | 77,000 | 163,000 | 243,000 |
| Noninterest expense | 387,000 | 776,000 | 1,123,000 | 1,476,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 12,000 |
| Pretax income | -197,000 | -357,000 | -428,000 | -500,000 |
| Income tax | -90,000 | -163,000 | -177,000 | -205,000 |
| Net income | -107,000 | -194,000 | -251,000 | -295,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,897,000 | 2,810,000 | 2,753,000 | 3,611,000 |
| Total capital | 3,150,000 | 3,078,000 | 3,019,000 | 3,903,000 |
| Risk-weighted assets | 19,960,000 | 21,058,000 | 20,867,000 | 24,690,000 |
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