Call reports 2008
MERCHANTS BANK, NATIONAL ASSOCIATION — 2008
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 |
|---|---|
| Total assets | 25,193,000 |
| Total loans | 18,898,000 |
| Allowance for loan losses | 244,000 |
| Securities available for sale | 1,624,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 20,635,000 |
| Interest-bearing deposits | 18,572,000 |
| Noninterest-bearing deposits | 2,063,000 |
| Equity capital | 3,258,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 |
|---|---|
| Interest income | 383,000 |
| Interest expense | 173,000 |
| Net interest income | 210,000 |
| Noninterest income | 98,000 |
| Noninterest expense | 343,000 |
| Provision for loan losses | 1,000 |
| Pretax income | -36,000 |
| Income tax | -18,000 |
| Net income | -18,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 |
|---|---|
| Tier 1 capital | 3,240,000 |
| Total capital | 3,501,000 |
| Risk-weighted assets | 24,193,000 |