Call reports 2020
MERCHANTS COMMERCIAL BANK — 2020
What MERCHANTS COMMERCIAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 296,296,000 | 291,610,000 | 288,088,000 | 289,328,000 |
| Total loans | 93,287,000 | 116,137,000 | 123,871,000 | 130,561,000 |
| Allowance for loan losses | 1,470,000 | 1,747,000 | 1,834,000 | 2,094,000 |
| Securities available for sale | 172,628,000 | 157,834,000 | 145,296,000 | 136,523,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 269,777,000 | 255,908,000 | 252,545,000 | 254,540,000 |
| Interest-bearing deposits | 110,866,000 | 125,808,000 | 130,786,000 | 137,048,000 |
| Noninterest-bearing deposits | 158,910,000 | 130,099,000 | 121,759,000 | 117,492,000 |
| Equity capital | 25,124,000 | 29,707,000 | 31,160,000 | 32,637,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,776,000 | 5,356,000 | 8,075,000 | 10,757,000 |
| Interest expense | 179,000 | 226,000 | 269,000 | 313,000 |
| Net interest income | 2,597,000 | 5,130,000 | 7,806,000 | 10,444,000 |
| Noninterest income | 312,000 | 563,000 | 833,000 | 1,649,000 |
| Noninterest expense | 1,350,000 | 2,733,000 | 4,100,000 | 5,514,000 |
| Provision for loan losses | 117,000 | 526,000 | 690,000 | 965,000 |
| Pretax income | 1,442,000 | 2,745,000 | 4,166,000 | 5,931,000 |
| Income tax | 291,000 | 523,000 | 783,000 | 1,122,000 |
| Net income | 1,151,000 | 2,222,000 | 3,383,000 | 4,809,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,204,000 | 24,187,000 | 25,259,000 | 26,661,000 |
| Total capital | 24,614,000 | — | — | — |
| Risk-weighted assets | 112,783,000 | — | — | — |