Call reports 2008
MERCHANTS & SOUTHERN BANK — 2008
What MERCHANTS & SOUTHERN BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 364,121,000 | 367,921,000 | 371,056,000 | 384,248,000 |
| Total loans | 274,183,000 | 274,861,000 | 279,027,000 | 283,910,000 |
| Allowance for loan losses | 2,457,000 | 2,471,000 | 2,509,000 | 2,573,000 |
| Securities available for sale | 62,433,000 | 58,022,000 | 64,966,000 | 75,850,000 |
| Securities held to maturity | 0 | 0 | 0 | 940,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 292,694,000 | 296,554,000 | 298,492,000 | 298,350,000 |
| Interest-bearing deposits | 223,583,000 | 230,087,000 | 232,903,000 | 236,799,000 |
| Noninterest-bearing deposits | 69,111,000 | 66,467,000 | 65,589,000 | 61,551,000 |
| Equity capital | 29,312,000 | 27,512,000 | 29,626,000 | 32,543,000 |
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 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,460,000 | 10,729,000 | 15,975,000 | 21,201,000 |
| Interest expense | 2,208,000 | 3,996,000 | 5,703,000 | 7,314,000 |
| Net interest income | 3,252,000 | 6,733,000 | 10,272,000 | 13,887,000 |
| Noninterest income | 580,000 | 1,079,000 | 1,588,000 | 2,122,000 |
| Noninterest expense | 2,675,000 | 5,399,000 | 8,233,000 | 10,960,000 |
| Provision for loan losses | 202,000 | 774,000 | 812,000 | 963,000 |
| Pretax income | 939,000 | 1,623,000 | 2,799,000 | 4,070,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 939,000 | 1,623,000 | 2,799,000 | 4,070,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,630,000 | 28,814,000 | 29,920,000 | 31,121,000 |
| Total capital | 31,087,000 | 31,285,000 | 32,429,000 | 33,694,000 |
| Risk-weighted assets | 294,072,000 | 299,585,000 | 300,543,000 | 303,480,000 |