Call reports 2007
MERCHANTS BANK, NATIONAL ASSOCIATION — 2007
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 26,539,000 | 26,538,000 | 26,080,000 | 25,850,000 |
| Total loans | 19,616,000 | 18,945,000 | 19,589,000 | 19,237,000 |
| Allowance for loan losses | 272,000 | 260,000 | 235,000 | 242,000 |
| Securities available for sale | 2,589,000 | 2,617,000 | 1,708,000 | 1,651,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,097,000 | 21,818,000 | 21,173,000 | 22,464,000 |
| Interest-bearing deposits | 19,746,000 | 20,348,000 | 19,230,000 | 20,069,000 |
| Noninterest-bearing deposits | 1,350,000 | 1,471,000 | 1,942,000 | 2,395,000 |
| Equity capital | 3,334,000 | 3,271,000 | 3,260,000 | 3,252,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 388,000 | 782,000 | 1,186,000 | 1,562,000 |
| Interest expense | 219,000 | 437,000 | 656,000 | 858,000 |
| Net interest income | 169,000 | 345,000 | 530,000 | 704,000 |
| Noninterest income | 47,000 | 100,000 | 152,000 | 216,000 |
| Noninterest expense | 308,000 | 609,000 | 897,000 | 1,176,000 |
| Provision for loan losses | 0 | 0 | 0 | 7,000 |
| Pretax income | -92,000 | -164,000 | -215,000 | -263,000 |
| Income tax | -39,000 | -69,000 | -92,000 | -114,000 |
| Net income | -53,000 | -95,000 | -123,000 | -149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,353,000 | 3,312,000 | 3,283,000 | 3,258,000 |
| Total capital | 3,640,000 | 3,588,000 | 3,529,000 | 3,513,000 |
| Risk-weighted assets | 22,819,000 | 22,375,000 | 23,788,000 | 22,837,000 |