Call reports 2006
MERCHANTS BANK, NATIONAL ASSOCIATION — 2006
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 28,513,000 | 30,422,000 | 31,107,000 | 27,375,000 |
| Total loans | 21,731,000 | 23,307,000 | 24,876,000 | 19,367,000 |
| Allowance for loan losses | 286,000 | 279,000 | 276,000 | 274,000 |
| Securities available for sale | 2,187,000 | 2,062,000 | 2,020,000 | 1,960,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,870,000 | 18,699,000 | 20,365,000 | 23,814,000 |
| Interest-bearing deposits | 18,655,000 | 17,399,000 | 19,043,000 | 22,369,000 |
| Noninterest-bearing deposits | 1,215,000 | 1,300,000 | 1,322,000 | 1,445,000 |
| Equity capital | 3,531,000 | 3,452,000 | 3,414,000 | 3,387,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 381,000 | 781,000 | 1,223,000 | 1,643,000 |
| Interest expense | 202,000 | 424,000 | 694,000 | 936,000 |
| Net interest income | 179,000 | 357,000 | 529,000 | 707,000 |
| Noninterest income | 66,000 | 135,000 | 195,000 | 276,000 |
| Noninterest expense | 338,000 | 678,000 | 1,014,000 | 1,340,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -93,000 | -186,000 | -290,000 | -357,000 |
| Income tax | -39,000 | -78,000 | -123,000 | -148,000 |
| Net income | -54,000 | -108,000 | -167,000 | -209,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,558,000 | 3,504,000 | 3,443,000 | 3,407,000 |
| Total capital | 3,850,000 | 3,795,000 | 3,729,000 | 3,692,000 |
| Risk-weighted assets | 24,751,000 | 26,742,000 | 28,008,000 | 22,779,000 |
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